Todd Sutton Sells 2,574 Shares of Axcelis Technologies (NASDAQ:ACLS) Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) VP Todd Sutton sold 2,574 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $163.89, for a total transaction of $421,852.86. Following the completion of the transaction, the vice president owned 7,817 shares of the company’s stock, valued at $1,281,128.13. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Axcelis Technologies Stock Down 4.0%

Shares of NASDAQ ACLS opened at $155.18 on Friday. The company has a current ratio of 4.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12 month low of $55.93 and a 12 month high of $171.61. The firm has a market capitalization of $4.77 billion, a PE ratio of 48.34, a price-to-earnings-growth ratio of 12.35 and a beta of 1.93. The firm has a fifty day simple moving average of $114.63 and a two-hundred day simple moving average of $95.94.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.72 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 during the quarter, compared to analyst estimates of $195.03 million. During the same period in the prior year, the business earned $0.88 EPS. The company’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. Equities analysts expect that Axcelis Technologies, Inc. will post 2.86 earnings per share for the current year.

Institutional Trading of Axcelis Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parallel Advisors LLC grew its position in shares of Axcelis Technologies by 22.0% in the 1st quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company’s stock worth $62,000 after buying an additional 120 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Axcelis Technologies by 29.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the semiconductor company’s stock worth $57,000 after buying an additional 134 shares during the period. Larson Financial Group LLC grew its position in Axcelis Technologies by 17.8% during the 4th quarter. Larson Financial Group LLC now owns 933 shares of the semiconductor company’s stock valued at $75,000 after purchasing an additional 141 shares during the last quarter. CWM LLC grew its position in Axcelis Technologies by 5.8% during the 4th quarter. CWM LLC now owns 2,623 shares of the semiconductor company’s stock valued at $211,000 after purchasing an additional 143 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Axcelis Technologies by 18.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 957 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 150 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented 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 lowered 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 investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Axcelis Technologies has an average rating of “Hold” and a consensus price target 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.