Insider Trading Weekly Review - Axcelis Technologies, Inc.

Feb. 24, 2011 - PRLog -- Axcelis Technologies, Inc. is a company that manufacturing ion implantation and dry strip equipment used in the fabrication of semiconductors. Company’s share price increased significantly since September 2010. Insiders of Axcelis Technologies settled large group of trades in response to the strong quarter financial reported for company’s most recent quarter.

2/17/2011: Director William Jennings acquired 10,000 shares at $2.85 per share. His holding increased 14% after the purchase.

02/08/2011: EVP of Customer Operation Flynn Matthew disposed 27,240 common shares at $ 2.80 per share. His total holding decreased 15% after the disposition.

02/08/2011: Director Geoffrey Wild acquired 7,117 common shares at $ 2.81 per share. His total holding increased 19% after the purchase.

02/04/2011: Director Stephen Hardis purchased 25,000 common shares at $2.52 per share. Krow Gary is the Top Holder of Axcelis. His holding increased 4% after the purchase.

02/04/2011: Director William Jennings purchased 10,000 common shares at $2.72 per share. His holding increased 15% after the purchase.

02/04/2011: Chairman, President, CEO and Director Mary Puma acquired in total of $10,000 common shares at average of $2.64 per share. Mary Puma is also the Top Holder of the firm. His holding increased 3% after the purchase.

02/04/2011: CFO and EVP Jay Zager acquired in total of $10,000 common shares at average of $2.50 per share. His holding increased 20% after the purchase.

Insider Trading Analysis Rules of Thumb published on insiderslab.com suggest investors to first of all focus on those open market purchases. Unless insiders can foresee the bright potential of their company, they will not choose to buy stocks on the open market, i.e. to make the same risk/reward thinking individual investors do. All of the above insider purchases/sells were made on the open market. The insiders who traded on February 4 now earned an around 15% holding gains.

Majority of the above trades were made in the same “buy” direction except for EVP of Customer Operation Flynn Matthew’s disposition settled on February 8. Insider Trading Analysis Rules of Thumb also teach us that the consensus among a few insiders who buy or sell company’s shares in a same direction would be a strong signal of company’s prospects.

Axcelis Technologies generated a net income of $ 4.3 million for the fourth quarter 2010 that compares to a net loss of $6.3 million for the third quarter 2010. Braun, who has been Chairman of Veeco Instruments, was elected as Axcelis Technologies Board of Directors early this month.


Report Editor: Kelly Liu in Vancouver at kelly@insiderslab.com

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