Axcelis Technologies (NASDAQ:ACLS) Director Gregory Graves Sells 3,225 Shares of Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) Director Gregory Graves sold 3,225 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $141.61, for a total value of $456,692.25. Following the completion of the sale, the director directly owned 5,473 shares of the company’s stock, valued at $775,031.53. The trade was a 37.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Axcelis Technologies Stock Performance

Shares of Axcelis Technologies stock opened at $149.56 on Thursday. Axcelis Technologies, Inc. has a one year low of $55.93 and a one year high of $171.61. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 46.59, a PEG ratio of 11.40 and a beta of 1.93. The business has a 50-day simple moving average of $118.37 and a 200 day simple moving average of $97.38. 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 (NASDAQ:ACLS) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.72 EPS 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 business had revenue of $198.96 million during the quarter, compared to analyst estimates of $195.03 million. During the same period in the previous year, the company posted $0.88 EPS. The firm’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. On average, research analysts anticipate 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 added to or reduced their stakes in ACLS. Western Wealth Management LLC purchased a new position in shares of Axcelis Technologies in the 1st quarter worth approximately $646,000. Edgestream Partners L.P. purchased a new position in shares of Axcelis Technologies in the 1st quarter worth approximately $313,000. Amundi boosted its stake in shares of Axcelis Technologies by 9.0% in the 1st quarter. Amundi now owns 40,627 shares of the semiconductor company’s stock worth $3,782,000 after buying an additional 3,353 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Axcelis Technologies by 21.3% in the 1st quarter. California State Teachers Retirement System now owns 36,420 shares of the semiconductor company’s stock worth $3,390,000 after buying an additional 6,390 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of Axcelis Technologies by 154.4% in the 1st quarter. Royal Bank of Canada now owns 9,793 shares of the semiconductor company’s stock worth $912,000 after buying an additional 5,944 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ACLS. Weiss Ratings lowered Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, 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 note on Monday, April 20th. Three investment 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, the company currently has an average rating of “Hold” and an average price target of $116.25.

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.