Wesbanco Bank Inc. Takes Position in Axcelis Technologies, Inc. $ACLS

Wesbanco Bank Inc. purchased a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the first quarter, Holdings Channel reports. The firm purchased 12,800 shares of the semiconductor company’s stock, valued at approximately $1,191,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC purchased a new position in Axcelis Technologies during the 4th quarter worth $25,000. Close Asset Management Ltd purchased a new position in shares of Axcelis Technologies during the third quarter valued at $27,000. EverSource Wealth Advisors LLC raised its holdings 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 valued at $31,000 after acquiring an additional 267 shares in the last quarter. Caitlin John LLC purchased a new stake in Axcelis Technologies in the third quarter worth about $32,000. Finally, Advisory Services Network LLC bought a new position in Axcelis Technologies during the 3rd quarter worth about $32,000. Institutional investors own 89.98% of the company’s stock.

Insider Activity

In other Axcelis Technologies news, VP Todd Sutton sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total transaction of $319,980.00. Following the sale, the vice president owned 6,360 shares in the company, valued at approximately $1,017,536.40. The trade was a 23.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher Tatnall sold 1,166 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $149.75, for a total value of $174,608.50. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 36,039 shares of company stock valued at $5,461,394. 0.49% of the stock is owned by corporate insiders.

Axcelis Technologies Stock Performance

ACLS opened at $173.23 on Friday. The company has a market cap of $5.32 billion, a P/E ratio of 53.97, a price-to-earnings-growth ratio of 12.26 and a beta of 1.91. The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04. The firm’s 50-day moving average price is $156.90 and its 200-day moving average price is $113.17. Axcelis Technologies, Inc. has a 52-week low of $65.64 and a 52-week high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last released 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. The company had revenue of $198.96 million during the quarter, compared to analysts’ expectations of $195.03 million. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. Axcelis Technologies’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business earned $0.88 EPS. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, equities analysts anticipate that Axcelis Technologies, Inc. will post 3.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on ACLS. Weiss Ratings cut Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Bank of America upped their price objective on Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research note 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 upgraded Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.