Axcelis Technologies (NASDAQ:ACLS) EVP Sells $174,608.50 in Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) EVP Christopher Tatnall sold 1,166 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $149.75, for a total value of $174,608.50. Following the completion of the sale, the executive vice president owned 27,627 shares in the company, valued at $4,137,143.25. The trade was a 4.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Axcelis Technologies Stock Performance

ACLS stock opened at $156.94 on Friday. Axcelis Technologies, Inc. has a 1 year low of $55.93 and a 1 year high of $171.61. The stock’s fifty day moving average is $121.12 and its two-hundred day moving average is $98.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 4.59. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 48.89, a PEG ratio of 12.49 and a beta of 1.93.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. The business had revenue of $198.96 million for the quarter, compared to analysts’ expectations of $195.03 million. During the same period in the previous year, the business earned $0.88 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. On average, research analysts predict that Axcelis Technologies, Inc. will post 2.86 EPS for the current year.

Institutional Investors Weigh In On Axcelis Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of ACLS. Victory Capital Management Inc. raised its position in Axcelis Technologies by 85.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock worth $145,207,000 after acquiring an additional 835,242 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Axcelis Technologies by 3,402.5% in the first quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock worth $45,772,000 after acquiring an additional 477,705 shares in the last quarter. LSV Asset Management bought a new stake in Axcelis Technologies in the third quarter worth about $30,747,000. Invesco Ltd. raised its position in Axcelis Technologies by 176.6% in the third quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock worth $37,761,000 after acquiring an additional 246,939 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Axcelis Technologies by 10,368.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock worth $19,563,000 after acquiring an additional 241,177 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ACLS. B. Riley Financial upgraded shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research note on Monday, April 20th. Weiss Ratings cut shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $116.25.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company’s product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.