Axcelis Technologies (NASDAQ:ACLS) Sets New 1-Year High – Here’s Why

Axcelis Technologies, Inc. (NASDAQ:ACLS) hit a new 52-week high on Monday . The company traded as high as $184.65 and last traded at $192.5560, with a volume of 5116 shares. The stock had previously closed at $180.12.

Analysts Set New Price Targets

Several analysts recently weighed in on ACLS shares. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings cut Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Finally, B. Riley Financial raised 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. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Axcelis Technologies presently has an average rating of “Hold” and a consensus price target of $116.25.

Axcelis Technologies Trading Up 5.1%

The firm’s 50-day simple moving average is $141.96 and its 200 day simple moving average is $106.66. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.59 and a quick ratio of 2.99. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 58.96, a P/E/G ratio of 12.75 and a beta of 1.91.

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, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $195.03 million. During the same quarter last year, the business posted $0.88 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Equities analysts expect that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Eileen Evans sold 926 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $155.51, for a total value of $144,002.26. Following the sale, the executive vice president directly owned 31,295 shares of the company’s stock, valued at $4,866,685.45. This trade represents a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Christopher Tatnall sold 1,166 shares of Axcelis Technologies stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $149.75, for a total value of $174,608.50. Following the completion of the transaction, the executive vice president owned 27,627 shares in the company, valued at approximately $4,137,143.25. This represents a 4.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 36,039 shares of company stock valued at $5,461,394 over the last ninety days. 0.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Axcelis Technologies

A number of institutional investors have recently added to or reduced their stakes in ACLS. REAP Financial Group LLC bought a new position in Axcelis Technologies in the 4th quarter valued at approximately $25,000. Close Asset Management Ltd bought a new stake in shares of Axcelis Technologies during the third quarter worth $27,000. EverSource Wealth Advisors LLC grew its stake in shares of Axcelis Technologies by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after buying an additional 267 shares during the last quarter. Caitlin John LLC acquired a new position in shares of Axcelis Technologies during the third quarter worth $32,000. Finally, Advisory Services Network LLC acquired a new position in shares of Axcelis Technologies during the third quarter worth $32,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.