Primecap Management Co. CA Lowers Stock Position in Axcelis Technologies, Inc. $ACLS

Primecap Management Co. CA lessened its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 833,676 shares of the semiconductor company’s stock after selling 18,620 shares during the quarter. Primecap Management Co. CA’s holdings in Axcelis Technologies were worth $81,400,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC boosted its stake in shares of Axcelis Technologies by 3.2% during the 3rd quarter. Intech Investment Management LLC now owns 17,671 shares of the semiconductor company’s stock worth $1,725,000 after acquiring an additional 555 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Axcelis Technologies by 29.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 134 shares during the period. NJ State Employees Deferred Compensation Plan purchased a new position in Axcelis Technologies during the third quarter worth approximately $230,000. Merit Financial Group LLC acquired a new stake in Axcelis Technologies in the third quarter valued at approximately $595,000. Finally, denkapparat Operations GmbH purchased a new stake in shares of Axcelis Technologies in the third quarter valued at approximately $212,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Trading Up 4.4%

Shares of ACLS opened at $83.58 on Friday. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $102.93. The stock has a market cap of $2.57 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 9.57 and a beta of 1.77. The firm’s fifty day moving average is $87.80 and its two-hundred day moving average is $85.75. The company has a quick ratio of 3.11, a current ratio of 4.77 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.37. The firm had revenue of $238.33 million for the quarter, compared to the consensus estimate of $215.04 million. Axcelis Technologies had a net margin of 14.33% and a return on equity of 13.73%. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the firm posted $1.54 earnings per share. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. Research analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Insider Activity at Axcelis Technologies

In related news, Director Jorge Titinger sold 2,000 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $86.05, for a total transaction of $172,100.00. Following the transaction, the director owned 7,477 shares in the company, valued at approximately $643,395.85. This trade represents a 21.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gerald M. Blumenstock sold 3,034 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $89.46, for a total value of $271,421.64. Following the transaction, the executive vice president directly owned 18,661 shares in the company, valued at $1,669,413.06. This trade represents a 13.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 6,034 shares of company stock worth $523,522. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

ACLS has been the topic of a number of recent analyst reports. Zacks Research lowered Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, February 20th. Wall Street Zen downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Bank of America lifted their target price on shares of Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a research report on Tuesday, January 13th. B. Riley Financial reduced their price target on shares of Axcelis Technologies from $94.00 to $91.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Monday, December 22nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $101.50.

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.