Todd Sutton Sells 2,000 Shares of Axcelis Technologies (NASDAQ:ACLS) Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) VP Todd Sutton sold 2,000 shares of the 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 sale, the vice president directly owned 6,360 shares in the company, valued at $1,017,536.40. This trade represents a 23.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Todd Sutton also recently made the following trade(s):

• On Thursday, May 14th, Todd Sutton sold 2,574 shares of Axcelis Technologies stock. The stock was sold at an average price of $163.89, for a total value of $421,852.86.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $150.41 on Friday. The stock’s 50-day simple moving average is $128.34 and its 200 day simple moving average is $100.89. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 46.86, a price-to-earnings-growth ratio of 11.01 and a beta of 1.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 4.59. Axcelis Technologies, Inc. has a 52-week low of $55.93 and a 52-week high of $171.61.

Axcelis Technologies (NASDAQ:ACLS) last issued 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 business had revenue of $198.96 million for the quarter, compared to analysts’ expectations of $195.03 million. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.88 EPS. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Research analysts forecast that Axcelis Technologies, Inc. will post 3.21 EPS for the current fiscal year.

Hedge Funds Weigh In On Axcelis Technologies

A number of large investors have recently modified their holdings of ACLS. Victory Capital Management Inc. grew its position in Axcelis Technologies by 85.9% during the 4th 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 during the last quarter. Dimensional Fund Advisors LP grew its position in Axcelis Technologies by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company’s stock worth $78,565,000 after acquiring an additional 3,057 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Axcelis Technologies by 7.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock worth $31,560,000 after acquiring an additional 44,275 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Axcelis Technologies by 3,402.5% during the 1st 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 during the last quarter. Finally, Invesco Ltd. grew its position in Axcelis Technologies by 23.8% during the 4th quarter. Invesco Ltd. now owns 478,897 shares of the semiconductor company’s stock worth $38,475,000 after acquiring an additional 92,162 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.