Axcelis Technologies (NASDAQ:ACLS) EVP Greg Redinbo Sells 2,883 Shares

Axcelis Technologies, Inc. (NASDAQ:ACLS) EVP Greg Redinbo sold 2,883 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $160.85, for a total transaction of $463,730.55. Following the completion of the transaction, the executive vice president directly owned 29,823 shares in the company, valued at $4,797,029.55. The trade was a 8.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Axcelis Technologies Stock Performance

Shares of ACLS traded down $0.51 during trading hours on Thursday, hitting $161.64. The company had a trading volume of 393,328 shares, compared to its average volume of 791,161. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 50.36, a PEG ratio of 12.87 and a beta of 1.93. The business has a fifty day moving average of $111.75 and a 200-day moving average of $94.97. Axcelis Technologies, Inc. has a 12 month low of $55.93 and a 12 month high of $171.61. The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last issued 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 company had revenue of $198.96 million for the quarter, compared to analyst estimates of $195.03 million. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Equities analysts anticipate that Axcelis Technologies, Inc. will post 2.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $116.25.

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds have recently bought and sold shares of the business. Sei Investments Co. grew its stake in Axcelis Technologies by 61.0% during the first quarter. Sei Investments Co. now owns 45,035 shares of the semiconductor company’s stock worth $4,192,000 after buying an additional 17,059 shares in the last quarter. Lido Advisors LLC grew its stake in Axcelis Technologies by 17.9% during the first quarter. Lido Advisors LLC now owns 4,259 shares of the semiconductor company’s stock worth $396,000 after buying an additional 648 shares in the last quarter. First Trust Advisors LP grew its stake in Axcelis Technologies by 55.9% during the first quarter. First Trust Advisors LP now owns 137,779 shares of the semiconductor company’s stock worth $12,824,000 after buying an additional 49,383 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Axcelis Technologies by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company’s stock worth $78,565,000 after buying an additional 3,057 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in Axcelis Technologies by 22.0% during the first quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company’s stock worth $62,000 after buying an additional 120 shares in the last quarter. 89.98% of the stock is owned by institutional investors.

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.