Axcelis Technologies: 4 Different Insiders Have Purchased Shares This Month

May.30.14 | About: Axcelis Technologies, (ACLS)

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.

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Insider buying during the last 30 days

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

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Arthur George Director May 28 5,000 5,000 shares from 0 to 5,000
John Fletcher Director May 22 5,000 99,185 shares +5.3%
Stephen Hardis Director May 19 30,000 702,068 shares +4.5%
Douglas Lawson EVP May 9 10,000 27,598 shares +56.8%
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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.

Month Insider buying / shares Insider selling / shares
May 2014 50,000 0
April 2014 0 0
March 2014 0 0
February 2014 0 90,000
January 2014 0 0
December 2013 0 15,790
November 2013 0 17,079
October 2013 0 0
September 2013 0 15,624
August 2013 89,148 0
July 2013 0 0
June 2013 0 15,316
May 2013 0 0
April 2013 0 0
March 2013 0 18,396
February 2013 0 8,500
January 2013 0 0
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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
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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
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(Source: Investor presentation)

Competition

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

Company ACLS AMAT
Market Cap: 209.06M 24.54B
Employees: 826 13,700
Qtrly Rev Growth (yoy): 0.49 0.19
Revenue: 215.75M 8.51B
Gross Margin: 0.36 0.41
EBITDA: -1.85M 1.61B
Operating Margin: -0.02 0.14
Net Income: -7.98M 866.00M
EPS: -0.08 0.70
P/E: N/A 28.68
PEG (5 yr expected): -4.35 1.69
P/S: 0.95 2.90
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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.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in ACLS over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.