Axcelis Technologies (NASDAQ:ACLS) Hits New 12-Month High – Here’s What Happened

Axcelis Technologies, Inc. (NASDAQ:ACLS) reached a new 52-week high during trading on Tuesday . The company traded as high as $176.86 and last traded at $182.0130, with a volume of 159211 shares changing hands. The stock had previously closed at $154.76.

Analysts Set New Price Targets

ACLS has been the subject of a number of analyst reports. Weiss Ratings downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report 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 for the company in a research report on Monday, April 20th. Finally, Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Axcelis Technologies presently has an average rating of “Hold” and a consensus target price of $116.25.

Axcelis Technologies Stock Performance

The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04. The business has a 50 day simple moving average of $135.97 and a two-hundred day simple moving average of $104.07. The firm has a market cap of $5.16 billion, a PE ratio of 52.62, a price-to-earnings-growth ratio of 10.42 and a beta of 1.91.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The firm had revenue of $198.96 million during the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, equities research analysts forecast that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current fiscal year.

Insider Transactions at Axcelis Technologies

In related news, EVP Christopher Tatnall sold 1,166 shares of Axcelis Technologies stock in a transaction dated Wednesday, May 20th. The stock was 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 directly 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 is available through the SEC website. Also, VP Todd Sutton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total transaction of $319,980.00. Following the completion of the transaction, the vice president directly owned 6,360 shares of the company’s stock, valued at $1,017,536.40. This trade represents a 23.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 36,039 shares of company stock valued at $5,461,394 over the last three months. 0.49% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Axcelis Technologies

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in Axcelis Technologies by 22.0% in the first quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 120 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in Axcelis Technologies by 96.1% in the first quarter. Segall Bryant & Hamill LLC now owns 200,371 shares of the semiconductor company’s stock valued at $18,651,000 after purchasing an additional 98,184 shares during the last quarter. Western Wealth Management LLC purchased a new position in Axcelis Technologies in the first quarter valued at about $646,000. Edgestream Partners L.P. purchased a new position in Axcelis Technologies in the first quarter valued at about $313,000. Finally, Amundi grew its stake in Axcelis Technologies by 9.0% in the first quarter. Amundi now owns 40,627 shares of the semiconductor company’s stock valued at $3,782,000 after purchasing an additional 3,353 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

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.