Axcelis Technologies (NASDAQ:ACLS) EVP Greg Redinbo Sells 2,883 Shares

Axcelis Technologies, Inc. (NASDAQ:ACLS) EVP Greg Redinbo sold 2,883 shares of the company’s stock in a transaction that occurred on 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 directly owned 29,823 shares of the company’s stock, valued at $4,797,029.55. The trade was a 8.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Axcelis Technologies Trading Down 0.3%

NASDAQ:ACLS traded down $0.51 during trading hours on Thursday, hitting $161.64. The stock had a trading volume of 393,328 shares, compared to its average volume of 791,161. Axcelis Technologies, Inc. has a one year low of $55.93 and a one year high of $171.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 4.59. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 50.36, a P/E/G ratio of 12.87 and a beta of 1.93. The business’s 50 day moving average is $111.75 and its 200-day moving average is $94.97.

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on ACLS shares. Weiss Ratings cut shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. B. Riley Financial upgraded shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a report on Monday, April 20th. 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 analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $116.25.

Institutional Trading of Axcelis Technologies

A number of large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake 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 acquiring an additional 835,242 shares during the last quarter. Reinhart Partners LLC. lifted its stake in Axcelis Technologies by 6.0% in the third quarter. Reinhart Partners LLC. now owns 1,610,332 shares of the semiconductor company’s stock valued at $157,234,000 after acquiring an additional 91,788 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Axcelis Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company’s stock valued at $78,565,000 after acquiring an additional 3,057 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Axcelis Technologies by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after acquiring an additional 44,275 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Axcelis Technologies by 23.8% in the fourth quarter. Invesco Ltd. now owns 478,897 shares of the semiconductor company’s stock valued at $38,475,000 after acquiring an additional 92,162 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

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.