Axcelis Technologies (NASDAQ:ACLS) Stock Price Down 7.6% – Here’s What Happened

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s share price fell 7.6% on Tuesday . The stock traded as low as $178.16 and last traded at $177.1030. 342,818 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 747,599 shares. The stock had previously closed at $191.60.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ACLS shares. Weiss Ratings downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, B. Riley Financial raised Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus 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 stock has a fifty day moving average of $147.08 and a 200-day moving average of $108.75. The stock has a market cap of $5.76 billion, a PE ratio of 58.42, a price-to-earnings-growth ratio of 12.52 and a beta of 1.91.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $195.03 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. On average, equities analysts forecast that Axcelis Technologies, Inc. will post 3.21 EPS for the current year.

Insider Transactions at Axcelis Technologies

In other Axcelis Technologies news, Director Gregory B. Graves sold 3,225 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $141.61, for a total value of $456,692.25. Following the transaction, the director directly owned 5,473 shares of the company’s stock, valued at approximately $775,031.53. The trade was a 37.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Russell Low sold 7,468 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $156.75, for a total transaction of $1,170,609.00. Following the transaction, the chief executive officer owned 123,570 shares of the company’s stock, valued at approximately $19,369,597.50. The trade was a 5.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,039 shares of company stock worth $5,461,394 over the last quarter. 0.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Close Asset Management Ltd purchased a new stake in Axcelis Technologies in the 3rd quarter valued at approximately $27,000. REAP Financial Group LLC acquired a new stake in shares of Axcelis Technologies in the 4th quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new stake in shares of Axcelis Technologies in the 3rd quarter valued at approximately $32,000. Caitlin John LLC acquired a new stake in shares of Axcelis Technologies in the 3rd quarter valued at approximately $32,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Axcelis Technologies by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 267 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

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.