Paradigm Capital Management Inc. NY Trims Stock Position in Axcelis Technologies, Inc. $ACLS

Paradigm Capital Management Inc. NY trimmed its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 57.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,000 shares of the semiconductor company’s stock after selling 32,000 shares during the quarter. Paradigm Capital Management Inc. NY’s holdings in Axcelis Technologies were worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. REAP Financial Group LLC acquired a new position in shares of Axcelis Technologies in the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its stake in shares of Axcelis Technologies by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 267 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Axcelis Technologies in the 3rd quarter worth $32,000. Leonteq Securities AG acquired a new position in shares of Axcelis Technologies during the fourth quarter worth about $40,000. Finally, Clearstead Advisors LLC increased its stake in shares of Axcelis Technologies by 197.1% during the fourth quarter. Clearstead Advisors LLC now owns 719 shares of the semiconductor company’s stock worth $58,000 after acquiring an additional 477 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Necip Sayiner sold 1,586 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $157.44, for a total value of $249,699.84. Following the sale, the director directly owned 7,112 shares in the company, valued at $1,119,713.28. The trade was a 18.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Todd Sutton sold 2,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $159.99, for a total transaction of $319,980.00. Following the completion of the sale, the vice president directly owned 6,360 shares in the company, valued at approximately $1,017,536.40. The trade was a 23.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 34,795 shares of company stock valued at $5,344,383 in the last three months. 0.49% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. 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 research report on Monday, April 20th. Weiss Ratings cut Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Bank of America increased their target price on Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $130.25.

Axcelis Technologies Stock Down 5.2%

Shares of NASDAQ ACLS opened at $134.10 on Friday. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 41.78, a price-to-earnings-growth ratio of 10.02 and a beta of 1.88. Axcelis Technologies, Inc. has a 52 week low of $65.64 and a 52 week high of $193.78. The firm has a 50-day moving average price of $157.13 and a 200 day moving average price of $121.76. 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 (NASDAQ:ACLS) last issued its 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 net margin of 11.93% and a return on equity of 12.19%. The company had revenue of $198.96 million for the quarter, compared to analyst estimates of $195.03 million. During the same period in the prior year, the business posted $0.88 earnings per share. The firm’s revenue for the quarter 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 anticipate that Axcelis Technologies, Inc. will post 3.21 EPS for the current fiscal year.

Axcelis Technologies 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.