Axcelis Technologies (NASDAQ:ACLS) CEO Russell Low Sells 7,468 Shares

Axcelis Technologies, Inc. (NASDAQ:ACLS) CEO Russell Low sold 7,468 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $156.75, for a total value of $1,170,609.00. Following the sale, the chief executive officer owned 123,570 shares of the company’s stock, valued at approximately $19,369,597.50. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Russell Low also recently made the following trade(s):

• On Friday, May 1st, Russell Low sold 1,244 shares of Axcelis Technologies stock. The shares were sold at an average price of $138.86, for a total value of $172,741.84.
• On Wednesday, April 1st, Russell Low sold 1,244 shares of Axcelis Technologies stock. The shares were sold at an average price of $94.06, for a total value of $117,010.64.

Axcelis Technologies Stock Performance

ACLS traded down $12.34 during midday trading on Thursday, reaching $158.66. The company had a trading volume of 1,418,723 shares, compared to its average volume of 797,625. The company has a quick ratio of 3.11, a current ratio of 4.77 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average of $103.83 and a two-hundred day moving average of $92.19. The company has a market cap of $4.88 billion, a P/E ratio of 41.86, a P/E/G ratio of 16.70 and a beta of 1.93. Axcelis Technologies, Inc. has a 1 year low of $55.93 and a 1 year high of $171.61.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.11). Axcelis Technologies had a return on equity of 13.73% and a net margin of 14.33%.Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, equities research analysts predict that Axcelis Technologies, Inc. will post 2.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds have recently made changes to their positions in ACLS. REAP Financial Group LLC bought a new position in shares of Axcelis Technologies in the fourth quarter worth about $25,000. Close Asset Management Ltd bought a new position in shares of Axcelis Technologies in the third quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Axcelis Technologies by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 267 shares during the period. Caitlin John LLC bought a new position in shares of Axcelis Technologies in the third quarter worth about $32,000. Finally, Advisory Services Network LLC bought a new position in shares of Axcelis Technologies in the third quarter worth about $32,000. Institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

ACLS has been the subject of a number of analyst reports. B. Riley Financial upgraded 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. Weiss Ratings upgraded Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Bank of America upped their price target on Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $116.25.

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.