Insider Selling: Axcelis Technologies (NASDAQ:ACLS) VP Sells 2,000 Shares of Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) VP Todd Sutton sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total transaction of $319,980.00. Following the sale, the vice president owned 6,360 shares of the company’s stock, valued at $1,017,536.40. The trade was a 23.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Todd Sutton also recently made the following trade(s):

• On Thursday, May 14th, Todd Sutton sold 2,574 shares of Axcelis Technologies stock. The stock was sold at an average price of $163.89, for a total transaction of $421,852.86.

Axcelis Technologies Price Performance

NASDAQ:ACLS traded down $2.36 during trading hours on Thursday, reaching $155.55. 318,529 shares of the company’s stock were exchanged, compared to its average volume of 763,798. The company has a market capitalization of $4.78 billion, a P/E ratio of 48.46, a price-to-earnings-growth ratio of 13.08 and a beta of 1.93. Axcelis Technologies, Inc. has a 12 month low of $55.93 and a 12 month high of $171.61. The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04. The business’s 50-day simple moving average is $125.64 and its two-hundred day simple moving average is $100.05.

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 analysts’ consensus estimates of $0.71 by $0.01. The firm 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 firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Sell-side analysts expect that Axcelis Technologies, Inc. will post 2.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts 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, May 12th. Zacks Research raised shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, B. Riley Financial raised 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 note 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 company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $116.25.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors have recently modified their holdings of ACLS. Victory Capital Management Inc. boosted 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 boosted 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 acquired a new stake in shares of Axcelis Technologies during the 3rd quarter valued at $30,747,000. Invesco Ltd. boosted 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. boosted 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. Institutional investors and hedge funds own 89.98% of the company’s stock.

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.