QRG Capital Management Inc. Has $893,000 Stock Holdings in Axcelis Technologies, Inc. $ACLS

QRG Capital Management Inc. lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 237.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,596 shares of the semiconductor company’s stock after acquiring an additional 6,754 shares during the period. QRG Capital Management Inc.’s holdings in Axcelis Technologies were worth $893,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Axcelis Technologies by 3.8% during the first quarter. Royal Bank of Canada now owns 117,566 shares of the semiconductor company’s stock worth $5,838,000 after purchasing an additional 4,324 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Axcelis Technologies by 4.9% during the first quarter. AQR Capital Management LLC now owns 35,717 shares of the semiconductor company’s stock worth $1,774,000 after purchasing an additional 1,678 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Axcelis Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,396 shares of the semiconductor company’s stock worth $963,000 after acquiring an additional 849 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Axcelis Technologies by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after buying an additional 44,275 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Axcelis Technologies by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,756 shares of the semiconductor company’s stock valued at $3,912,000 after acquiring an additional 836 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. B. Riley Financial raised shares of 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. Bank of America raised their price objective on shares of Axcelis Technologies from $130.00 to $156.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. Weiss Ratings downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Finally, Zacks Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $130.25.

Insiders Place Their Bets

In other news, EVP Christopher Tatnall sold 1,166 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $149.75, for a total transaction of $174,608.50. Following the completion of the sale, the executive vice president directly owned 27,627 shares of the company’s stock, valued at $4,137,143.25. This trade represents a 4.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Gerald M. Blumenstock sold 1,161 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $152.70, for a total transaction of $177,284.70. Following the sale, the executive vice president owned 20,493 shares of the company’s stock, valued at $3,129,281.10. This trade represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,795 shares of company stock worth $5,344,383 in the last ninety days. 0.49% of the stock is owned by corporate insiders.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $135.43 on Thursday. Axcelis Technologies, Inc. has a 12 month low of $65.64 and a 12 month high of $193.78. The firm has a market capitalization of $4.16 billion, a PE ratio of 42.19, a price-to-earnings-growth ratio of 9.31 and a beta of 1.88. The company has a current ratio of 4.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $160.46 and a two-hundred day simple moving average of $117.19.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The business had revenue of $198.96 million during 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%.The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Analysts forecast that Axcelis Technologies, Inc. will post 3.21 EPS for the current fiscal year.

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.