A Director at Axcelis Technologies (NASDAQ: ACLS) is Selling Shares

By Carrie Williams

Today, a Director at Axcelis Technologies (NASDAQ: ACLS), Joseph Keithley, sold shares of ACLS for $107K.

Following Joseph Keithley’s last ACLS Sell transaction on March 03, 2014, the stock climbed by 17.4%. This is Keithley’s first Sell trade following 3 Buy transactions.

Based on Axcelis Technologies’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $116 million and quarterly net profit of $91.68 million. In comparison, last year the company earned revenue of $69.36 million and had a net profit of $3.97 million. The company has a one-year high of $37.05 and a one-year low of $14.70. ACLS’s market cap is $841.3M and the company has a P/E ratio of 7.02.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $33.00, reflecting a -19.2% downside.

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Axcelis Technologies, Inc. engages in the design, manufacture and service of dry strip, ion implantation and other processing equipment used in the fabrication of semiconductor chips. The company provides service and support, including spare parts, equipment upgrades, maintenance services and customer training.