Seeking Alpha
Long/short equity, insider ownership
Profile| Send Message|
( followers)  

Summary

  • 4 insiders purchased Axcelis stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • 2 of these 4 insiders increased their holdings by more than 10%.

Axcelis Technologies (NASDAQ:ACLS) designs, manufactures, and services ion implantation, dry strip, and other processing equipment used in the fabrication of semiconductor chips worldwide.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of Axcelis's insider activity during the last 30 days.

NameTitleTrade DateShares PurchasedCurrent OwnershipIncrease In Shares
Arthur GeorgeDirectorMay 285,0005,000 sharesfrom 0 to 5,000
John FletcherDirectorMay 225,00099,185 shares+5.3%
Stephen HardisDirectorMay 1930,000702,068 shares+4.5%
Douglas LawsonEVPMay 910,00027,598 shares+56.8%

There have been 50,000 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Axcelis's insider activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
May 201450,0000
April 201400
March 201400
February 2014090,000
January 201400
December 2013015,790
November 2013017,079
October 201300
September 2013015,624
August 201389,1480
July 201300
June 2013015,316
May 201300
April 201300
March 2013018,396
February 201308,500
January 201300

There have been 139,148 shares purchased and there have been 180,705 shares sold by insiders since January 2013.

Financials

Axcelis reported the first-quarter financial results on May 6 with the following highlights:

Revenue$60.8 million
Net income$0.2 million
Cash$43.0 million
Debt$15.0 million

The four insiders purchased their shares after these results.

(Source: Investor presentation)

Outlook

Axcelis's second-quarter guidance is as follows:

Revenue$55-$60 million
Operating profit-$2.0 million to $0 million
EPS-$0.02 to $0.00

(click to enlarge)

(Source: Investor presentation)

Competition

Axcelis' competitors include Applied Materials (NASDAQ:AMAT). Here is a table comparing these two companies.

CompanyACLSAMAT
Market Cap:209.06M24.54B
Employees:82613,700
Qtrly Rev Growth (yoy):0.490.19
Revenue:215.75M8.51B
Gross Margin:0.360.41
EBITDA:-1.85M1.61B
Operating Margin:-0.020.14
Net Income:-7.98M866.00M
EPS:-0.080.70
P/E:N/A28.68
PEG (5 yr expected):-4.351.69
P/S:0.952.90

Axcelis has a lower P/S ratio than Applied Materials. In Applied Materials, there have been zero shares purchased and there have been 1,045,869 shares sold by insiders this year. Only Axcelis has seen intensive insider buying during the last 30 days.

Conclusion

There have been four different insiders buying Axcelis, and there have not been any insiders selling Axcelis during the last 30 days. Two of these four insiders increased their holdings by more than 10%. Axcelis has an insider ownership of 1.50%.

The four insiders purchased their shares at prices ranging from $1.59 to $1.81. I believe Axcelis could be a good pick below $1.81 based on the intensive insider buying.

Source: Axcelis Technologies: 4 Different Insiders Have Purchased Shares This Month