Bridges Investment Management Inc. Reduces Stock Holdings in Axcelis Technologies, Inc. $ACLS

Bridges Investment Management Inc. lowered its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 10.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,400 shares of the semiconductor company’s stock after selling 3,299 shares during the period. Bridges Investment Management Inc.’s holdings in Axcelis Technologies were worth $2,282,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Close Asset Management Ltd purchased a new stake in Axcelis Technologies in the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC grew its holdings in Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 267 shares during the period. Caitlin John LLC purchased a new stake in Axcelis Technologies in the 3rd quarter valued at about $32,000. Advisory Services Network LLC purchased a new stake in Axcelis Technologies in the 3rd quarter valued at about $32,000. Finally, Leonteq Securities AG purchased a new stake in Axcelis Technologies in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

ACLS has been the subject of several recent analyst reports. Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings cut Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. 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 report on Monday, April 20th. Three equities research 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 MarketBeat, Axcelis Technologies currently has a consensus rating of “Hold” and a consensus target price of $116.25.

Axcelis Technologies Stock Performance

NASDAQ ACLS opened at $159.19 on Thursday. The firm has a market capitalization of $4.89 billion, a P/E ratio of 49.59, a P/E/G ratio of 11.24 and a beta of 1.91. Axcelis Technologies, Inc. has a 1-year low of $58.47 and a 1-year high of $171.61. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.59 and a quick ratio of 2.99. The business’s 50-day simple moving average is $132.57 and its 200-day simple moving average is $102.49.

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 business had revenue of $198.96 million for the quarter, compared to analyst estimates of $195.03 million. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The company’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 EPS. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Equities analysts predict that Axcelis Technologies, Inc. will post 3.21 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Russell Low sold 7,468 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $156.75, for a total transaction of $1,170,609.00. Following the transaction, the chief executive officer directly owned 123,570 shares of the company’s stock, valued at approximately $19,369,597.50. The trade was a 5.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Todd Sutton sold 2,574 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $163.89, for a total value of $421,852.86. Following the transaction, the vice president directly owned 7,817 shares in the company, valued at $1,281,128.13. This trade represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 34,453 shares of company stock worth $5,211,694. 0.49% of the stock is owned by insiders.

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.