Axcelis Technologies (NASDAQ:ACLS) EVP Christopher Tatnall Sells 1,166 Shares

Axcelis Technologies, Inc. (NASDAQ:ACLS) EVP Christopher Tatnall sold 1,166 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $149.75, for a total transaction of $174,608.50. Following the sale, the executive vice president owned 27,627 shares in the company, valued at approximately $4,137,143.25. The trade was a 4.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Axcelis Technologies Stock Up 2.0%

Shares of NASDAQ:ACLS traded up $2.95 during trading on Thursday, reaching $152.51. 349,766 shares of the stock traded hands, compared to its average volume of 776,586. Axcelis Technologies, Inc. has a 52-week low of $55.93 and a 52-week high of $171.61. The stock has a 50-day moving average of $118.37 and a two-hundred day moving average of $97.38. 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 cap of $4.69 billion, a P/E ratio of 47.51, a price-to-earnings-growth ratio of 11.40 and a beta of 1.93.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The firm had revenue of $198.96 million during the quarter, compared to analysts’ expectations of $195.03 million. During the same quarter 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. As a group, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.86 earnings per share for the current fiscal year.

Institutional Trading of Axcelis Technologies

A number of hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. grew its holdings 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 purchasing an additional 835,242 shares during the period. The Manufacturers Life Insurance Company grew its holdings in 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 during the period. LSV Asset Management bought a new stake in Axcelis Technologies during the third quarter valued at about $30,747,000. Invesco Ltd. grew its holdings in Axcelis Technologies by 176.6% during the third quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock valued at $37,761,000 after purchasing an additional 246,939 shares during the period. Finally, Balyasny Asset Management L.P. grew its holdings in Axcelis Technologies by 10,368.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock valued at $19,563,000 after purchasing an additional 241,177 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

ACLS has been the subject of several recent analyst reports. Weiss Ratings cut 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 price target for the company 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 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.