Insider Selling: Axcelis Technologies (NASDAQ:ACLS) Director Sells 1,789 Shares of Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) Director Jeanne Quirk sold 1,789 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $140.22, for a total transaction of $250,853.58. Following the completion of the sale, the director directly owned 11,400 shares in the company, valued at $1,598,508. This represents a 13.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Axcelis Technologies Trading Up 4.4%

Shares of ACLS traded up $6.33 during mid-day trading on Wednesday, hitting $149.56. The company had a trading volume of 386,214 shares, compared to its average volume of 781,032. The business’s 50-day simple moving average is $117.06 and its 200-day simple moving average is $96.90. 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, Inc. has a 1-year low of $55.93 and a 1-year high of $171.61. The stock has a market cap of $4.60 billion, a PE ratio of 46.59, a P/E/G ratio of 11.64 and a beta of 1.93.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. The business had revenue of $198.96 million for the quarter, compared to analysts’ expectations of $195.03 million. During the same period last year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Sell-side analysts forecast that Axcelis Technologies, Inc. will post 2.86 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ACLS. Victory Capital Management Inc. raised its holdings in Axcelis Technologies by 85.9% in 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 buying an additional 835,242 shares during the period. The Manufacturers Life Insurance Company grew its position in Axcelis Technologies by 3,402.5% in 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 acquiring an additional 477,705 shares in the last quarter. LSV Asset Management acquired a new stake in Axcelis Technologies in the third quarter valued at approximately $30,747,000. Invesco Ltd. grew its position in Axcelis Technologies by 176.6% in the third quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock valued at $37,761,000 after acquiring an additional 246,939 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in Axcelis Technologies by 10,368.7% in 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 acquiring an additional 241,177 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ACLS shares. B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Monday, April 20th. Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report 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 given a Sell rating to the company. According to MarketBeat, Axcelis Technologies presently has an average rating of “Hold” and a consensus price target 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.