Axcelis Technologies (NASDAQ:ACLS) Shares Down 7.6% – Here’s What Happened

Axcelis Technologies, Inc. (NASDAQ:ACLS) shares dropped 7.6% on Tuesday . The stock traded as low as $178.16 and last traded at $177.1030. Approximately 342,818 shares were traded during trading, a decline of 54% from the average daily volume of 747,599 shares. The stock had previously closed at $191.60.

Wall Street Analyst Weigh In

ACLS has been the subject of several analyst reports. Weiss Ratings downgraded shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Monday, April 20th. Finally, Zacks Research raised shares of 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Axcelis Technologies has a consensus rating of “Hold” and an average price target of $116.25.

Axcelis Technologies Stock Down 7.4%

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 company has a market cap of $5.45 billion, a P/E ratio of 55.62, a P/E/G ratio of 12.75 and a beta of 1.91. The company’s 50-day moving average is $143.89 and its two-hundred day moving average is $107.43.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. The business had revenue of $198.96 million during the quarter, compared to the consensus estimate of $195.03 million. During the same quarter in the previous year, the firm posted $0.88 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, equities analysts predict that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Axcelis Technologies news, EVP Christopher Tatnall sold 1,166 shares of Axcelis Technologies stock in a transaction that occurred on 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 sale, the executive vice president owned 27,627 shares of the company’s stock, valued at approximately $4,137,143.25. The trade was a 4.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gerald M. Blumenstock sold 1,161 shares of Axcelis Technologies stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $152.70, for a total transaction of $177,284.70. Following the completion of the sale, the executive vice president directly owned 20,493 shares of the company’s stock, valued at approximately $3,129,281.10. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 36,039 shares of company stock worth $5,461,394 in the last 90 days. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

A number of large investors have recently added to or reduced their stakes in ACLS. Victory Capital Management Inc. grew its position in Axcelis Technologies by 85.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock worth $145,207,000 after purchasing 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 worth $45,772,000 after acquiring an additional 477,705 shares during the last quarter. 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 worth $37,761,000 after acquiring an additional 246,939 shares during the last quarter. 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 worth $19,563,000 after acquiring an additional 241,177 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Axcelis Technologies by 142.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 266,015 shares of the semiconductor company’s stock worth $22,909,000 after acquiring an additional 156,387 shares during the last quarter. Institutional investors 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.