Insider Selling: Axcelis Technologies (NASDAQ:ACLS) EVP Sells $463,730.55 in Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) EVP Greg Redinbo sold 2,883 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $160.85, for a total transaction of $463,730.55. Following the completion of the sale, the executive vice president owned 29,823 shares of the company’s stock, valued at approximately $4,797,029.55. This represents a 8.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $155.18 on Friday. Axcelis Technologies, Inc. has a one year low of $55.93 and a one year high of $171.61. The firm has a 50-day moving average of $114.63 and a 200-day moving average of $95.94. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.59 and a quick ratio of 2.99. The company has a market cap of $4.77 billion, a P/E ratio of 48.34, a P/E/G ratio of 12.35 and a beta of 1.93.

Axcelis Technologies (NASDAQ:ACLS) last posted 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. 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 during the quarter, compared to the consensus estimate of $195.03 million. During the same quarter last year, the company posted $0.88 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Equities research analysts forecast that Axcelis Technologies, Inc. will post 2.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Axcelis Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. boosted its position in shares of 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 acquiring an additional 835,242 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of 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 during the period. LSV Asset Management bought a new position in shares of Axcelis Technologies in the third quarter valued at approximately $30,747,000. Invesco Ltd. boosted its position in shares of 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 during the period. Finally, Balyasny Asset Management L.P. boosted its position in shares of 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 during the period. Institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ACLS. Zacks Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings downgraded shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, B. Riley Financial upgraded shares of 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 equities 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, Axcelis Technologies presently has a consensus rating of “Hold” and an average 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.