Vestcor Inc Raises Stake in Axcelis Technologies, Inc. $ACLS

Vestcor Inc boosted its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 135.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,071 shares of the semiconductor company’s stock after buying an additional 5,785 shares during the quarter. Vestcor Inc’s holdings in Axcelis Technologies were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its position in Axcelis Technologies by 9.6% in the third quarter. Victory Capital Management Inc. now owns 972,162 shares of the semiconductor company’s stock valued at $90,243,000 after purchasing an additional 85,407 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Axcelis Technologies by 4.6% in the third quarter. Dimensional Fund Advisors LP now owns 769,612 shares of the semiconductor company’s stock valued at $75,143,000 after purchasing an additional 34,153 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 purchasing an additional 44,275 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Axcelis Technologies by 0.4% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 443,863 shares of the semiconductor company’s stock valued at $43,339,000 after purchasing an additional 1,798 shares during the last quarter. Finally, LSV Asset Management lifted its position in Axcelis Technologies by 36.4% in the fourth quarter. LSV Asset Management now owns 429,500 shares of the semiconductor company’s stock valued at $34,506,000 after purchasing an additional 114,600 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock opened at $154.76 on Tuesday. 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 company has a market cap of $4.76 billion, a PE ratio of 48.21, a P/E/G ratio of 10.42 and a beta of 1.91. The business has a 50 day moving average of $135.97 and a 200 day moving average of $104.07. Axcelis Technologies, Inc. has a 52 week low of $64.17 and a 52 week high of $171.61.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $198.96 million during the quarter, compared to the consensus estimate of $195.03 million. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. 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. As a group, equities research analysts forecast that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Weiss Ratings downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. 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. Finally, Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $116.25.

Insider Activity at Axcelis Technologies

In related news, VP Todd Sutton sold 2,574 shares of the company’s stock in a transaction that occurred 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 in the company, valued at $1,281,128.13. This represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $463,730.55. Following the transaction, the executive vice president owned 29,823 shares of the company’s stock, valued at approximately $4,797,029.55. This represents a 8.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 36,039 shares of company stock valued at $5,461,394 over the last 90 days. Company insiders own 0.49% 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.