Axcelis Technologies, Inc. $ACLS Position Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 237.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,596 shares of the semiconductor company’s stock after purchasing an additional 6,754 shares during the period. QRG Capital Management Inc.’s holdings in Axcelis Technologies were worth $893,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Axcelis Technologies by 85.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock worth $145,207,000 after acquiring an additional 835,242 shares during the period. Invesco Ltd. raised its stake in 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 acquiring an additional 246,939 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Axcelis Technologies by 10,368.7% in the fourth quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock worth $19,563,000 after purchasing an additional 241,177 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Axcelis Technologies by 142.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 266,015 shares of the semiconductor company’s stock valued at $22,909,000 after acquiring an additional 156,387 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Axcelis Technologies by 143.8% during the 3rd quarter. Millennium Management LLC now owns 261,776 shares of the semiconductor company’s stock valued at $25,560,000 after purchasing an additional 154,381 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Stock Up 3.0%

ACLS opened at $135.43 on Thursday. The company has a current ratio of 4.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 42.19, a P/E/G ratio of 9.31 and a beta of 1.88. The business has a 50 day moving average of $160.46 and a 200-day moving average of $117.19. Axcelis Technologies, Inc. has a 1-year low of $65.64 and a 1-year high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data 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 business had revenue of $198.96 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current year.

Insider Activity

In related news, Director John T. Kurtzweil sold 3,500 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $138.79, for a total transaction of $485,765.00. Following the transaction, the director owned 32,990 shares in the company, valued at $4,578,682.10. This represents a 9.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Todd Sutton sold 2,574 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $163.89, for a total value 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. The trade was a 24.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 34,795 shares of company stock valued at $5,344,383. 0.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Bank of America boosted their price objective on shares of Axcelis Technologies from $130.00 to $156.00 and gave the company an “underperform” rating in a research report on Tuesday, June 23rd. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report 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 analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $130.25.

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.