Axcelis Technologies (NASDAQ:ACLS) EVP Greg Redinbo Sells 2,883 Shares of Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) EVP Greg Redinbo sold 2,883 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $160.85, for a total transaction of $463,730.55. Following the sale, the executive vice president directly owned 29,823 shares in the company, valued at $4,797,029.55. This trade represents a 8.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $161.64 on Friday. The company’s 50 day moving average price is $113.26 and its two-hundred day moving average price is $95.52. The firm has a market capitalization of $4.97 billion, a P/E ratio of 50.36, a P/E/G ratio of 12.91 and a beta of 1.93. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.59 and a quick ratio of 2.99. Axcelis Technologies, Inc. has a fifty-two week low of $55.93 and a fifty-two week high of $171.61.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $198.96 million for 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%.Axcelis Technologies’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. On average, equities analysts forecast that Axcelis Technologies, Inc. will post 2.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Axcelis Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in Axcelis Technologies by 85.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock valued at $145,207,000 after purchasing an additional 835,242 shares during the period. Reinhart Partners LLC. boosted its stake in shares of Axcelis Technologies by 6.0% in the 3rd quarter. Reinhart Partners LLC. now owns 1,610,332 shares of the semiconductor company’s stock valued at $157,234,000 after purchasing an additional 91,788 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Axcelis Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company’s stock valued at $78,565,000 after purchasing an additional 3,057 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Axcelis Technologies by 7.5% during the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock worth $31,560,000 after buying an additional 44,275 shares during the period. Finally, Invesco Ltd. increased its position in shares of Axcelis Technologies by 23.8% during the fourth quarter. Invesco Ltd. now owns 478,897 shares of the semiconductor company’s stock worth $38,475,000 after buying an additional 92,162 shares during the period. 89.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a 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 note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.