Axcelis Technologies (NASDAQ:ACLS) Trading Down 7.2% – Here’s Why

Axcelis Technologies, Inc. (NASDAQ:ACLS) shares dropped 7.2% on Monday . The stock traded as low as $125.96 and last traded at $124.50. Approximately 50,163 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 713,325 shares. The stock had previously closed at $134.10.

Analyst Upgrades and Downgrades

ACLS has been the subject of a number of recent research reports. B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Monday, April 20th. Weiss Ratings cut Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Bank of America lifted their target price on Axcelis Technologies from $130.00 to $156.00 and gave the company an “underperform” rating in a research report on Tuesday, June 23rd. Finally, Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $130.25.

Axcelis Technologies Price Performance

The firm has a market cap of $3.69 billion, a PE ratio of 37.39, a P/E/G ratio of 9.07 and a beta of 1.88. The firm’s fifty day simple moving average is $156.30 and its two-hundred day simple moving average is $122.42. The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $198.96 million during the quarter, compared to analysts’ expectations of $195.03 million. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, research analysts expect that Axcelis Technologies, Inc. will post 3.21 EPS for the current year.

Insider Buying and Selling at Axcelis Technologies

In other news, VP Todd Sutton sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total value of $319,980.00. Following the transaction, the vice president directly owned 6,360 shares in the company, valued at $1,017,536.40. The trade was a 23.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eileen Evans sold 926 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $155.51, for a total value of $144,002.26. Following the completion of the transaction, the executive vice president directly owned 31,295 shares of the company’s stock, valued at approximately $4,866,685.45. This trade represents a 2.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 34,795 shares of company stock valued at $5,344,383. 0.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its stake in Axcelis Technologies by 85.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock valued at $145,207,000 after acquiring an additional 835,242 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Axcelis Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company’s stock valued at $78,565,000 after purchasing an additional 3,057 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Axcelis Technologies by 7.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after purchasing an additional 44,275 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Axcelis Technologies by 3,402.5% during the first quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock valued at $45,772,000 after purchasing an additional 477,705 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Axcelis Technologies by 23.8% during the fourth quarter. Invesco Ltd. now owns 478,897 shares of the semiconductor company’s stock valued at $38,475,000 after purchasing an additional 92,162 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

About Axcelis Technologies

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.