Insider Selling: Axcelis Technologies (NASDAQ:ACLS) Director Sells $485,765.00 in Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) Director John Kurtzweil sold 3,500 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $138.79, for a total value of $485,765.00. Following the sale, the director owned 32,990 shares in the company, valued at approximately $4,578,682.10. The trade was a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Axcelis Technologies Stock Up 2.9%

ACLS opened at $156.94 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 4.59. Axcelis Technologies, Inc. has a one year low of $55.93 and a one year high of $171.61. The business’s fifty day moving average is $121.12 and its two-hundred day moving average is $98.30. The company has a market cap of $4.82 billion, a price-to-earnings ratio of 48.89, a PEG ratio of 12.14 and a beta of 1.93.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Analysts anticipate that Axcelis Technologies, Inc. will post 2.86 EPS for the current fiscal year.

Hedge Funds Weigh In On Axcelis Technologies

Several large investors have recently added to or reduced their stakes in ACLS. Victory Capital Management Inc. lifted its position in Axcelis Technologies by 85.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock worth $145,207,000 after buying an additional 835,242 shares during the period. The Manufacturers Life Insurance Company lifted its position in Axcelis Technologies by 3,402.5% during the first quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock worth $45,772,000 after buying an additional 477,705 shares during the period. LSV Asset Management purchased a new position in Axcelis Technologies during the third quarter worth about $30,747,000. Invesco Ltd. lifted its position in Axcelis Technologies by 176.6% during the third quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock worth $37,761,000 after buying an additional 246,939 shares during the period. Finally, Balyasny Asset Management L.P. lifted its position in Axcelis Technologies by 10,368.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock worth $19,563,000 after buying an additional 241,177 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ACLS. Zacks Research raised shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings downgraded shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note 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 company’s stock. Based on data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Hold” and a consensus price target of $116.25.

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.