Axcelis Technologies, Inc. (NASDAQ:ACLS) Short Interest Up 140.8% in October

Axcelis Technologies, Inc. (NASDAQ:ACLS) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 4,310,000 shares, a growth of 140.8% from the October 15th total of 1,790,000 shares. Currently, 13.5% of the shares of the stock are short sold. Based on an average trading volume of 603,300 shares, the days-to-cover ratio is presently 7.1 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ACLS. B. Riley lowered their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Trading Down 1.1 %

Shares of Axcelis Technologies stock opened at $78.85 on Friday. The business has a 50 day moving average price of $95.66 and a 200 day moving average price of $112.87. The company has a market capitalization of $2.56 billion, a P/E ratio of 11.86, a P/E/G ratio of 2.56 and a beta of 1.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. Axcelis Technologies has a 1 year low of $78.61 and a 1 year high of $158.61.

Institutional Trading of Axcelis Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACLS. Signaturefd LLC grew its stake in Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 164 shares during the period. Blue Trust Inc. increased its stake in Axcelis Technologies by 223.8% in the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Axcelis Technologies during the second quarter worth about $39,000. Meeder Asset Management Inc. acquired a new stake in Axcelis Technologies in the 2nd quarter worth about $69,000. Finally, Truvestments Capital LLC purchased a new stake in Axcelis Technologies in the 3rd quarter valued at about $69,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

About Axcelis Technologies

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.