Axcelis Technologies (NASDAQ:ACLS) Director John Kurtzweil Sells 3,500 Shares

Axcelis Technologies, Inc. (NASDAQ:ACLS) Director John Kurtzweil sold 3,500 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $138.79, for a total value of $485,765.00. Following the transaction, the director owned 32,990 shares of the company’s stock, valued at $4,578,682.10. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Axcelis Technologies Trading Up 4.4%

Shares of Axcelis Technologies stock opened at $149.56 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.59 and a quick ratio of 2.99. Axcelis Technologies, Inc. has a 1 year low of $55.93 and a 1 year high of $171.61. The company has a market capitalization of $4.60 billion, a P/E ratio of 46.59, a P/E/G ratio of 11.40 and a beta of 1.93. The business has a 50 day moving average price of $118.37 and a 200 day moving average price of $97.38.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data 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 return on equity of 12.19% and a net margin of 11.93%.The firm had revenue of $198.96 million during the quarter, compared to the consensus estimate of $195.03 million. During the same period in the previous year, the firm posted $0.88 EPS. The company’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. Sell-side analysts anticipate that Axcelis Technologies, Inc. will post 2.86 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in shares of Axcelis Technologies by 85.9% during the 4th 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 stake in shares of Axcelis Technologies by 3,402.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock valued at $45,772,000 after buying an additional 477,705 shares during the period. LSV Asset Management purchased a new stake in shares of Axcelis Technologies during the 3rd quarter valued at $30,747,000. Invesco Ltd. grew its stake in shares of Axcelis Technologies by 176.6% during the 3rd quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock valued at $37,761,000 after buying an additional 246,939 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in shares of Axcelis Technologies by 10,368.7% during the 4th quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock valued at $19,563,000 after buying an additional 241,177 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on ACLS shares. B. Riley Financial upgraded 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 downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.