Axcelis Technologies (NASDAQ:ACLS) Stock Price Down 4.4% – Time to Sell?

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) fell 4.4% on Thursday . The company traded as low as $168.53 and last traded at $170.4640. Approximately 40,365 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 742,005 shares. The stock had previously closed at $178.33.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ACLS shares. B. Riley Financial upgraded Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a report on Monday, April 20th. Weiss Ratings cut shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Zacks Research raised shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Bank of America upped their price objective on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $130.25.

Axcelis Technologies Stock Performance

The company has a 50-day simple moving average of $160.73 and a two-hundred day simple moving average of $115.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 4.59. The firm has a market capitalization of $4.44 billion, a P/E ratio of 45.02, a PEG ratio of 10.23 and a beta of 1.88.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.01. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The firm had revenue of $198.96 million during the quarter, compared to analyst estimates of $195.03 million. During the same quarter in the prior year, the company earned $0.88 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, equities analysts forecast that Axcelis Technologies, Inc. will post 3.21 EPS for the current year.

Insiders Place Their Bets

In other Axcelis Technologies news, VP Todd Sutton sold 2,574 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $163.89, for a total transaction of $421,852.86. Following the completion of the transaction, the vice president owned 7,817 shares of the company’s stock, valued at approximately $1,281,128.13. This trade represents a 24.77% 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 Greg Redinbo sold 2,883 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $160.85, for a total transaction of $463,730.55. Following the sale, the executive vice president owned 29,823 shares in the company, valued at approximately $4,797,029.55. This trade represents a 8.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 34,795 shares of company stock valued at $5,344,383 in the last 90 days. Corporate insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

Several large investors have recently made changes to their positions in the business. REAP Financial Group LLC purchased a new stake in shares of Axcelis Technologies in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in Axcelis Technologies by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 267 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Axcelis Technologies in the third quarter worth $32,000. Leonteq Securities AG bought a new position in shares of Axcelis Technologies during the fourth quarter valued at $40,000. Finally, Clearstead Advisors LLC raised its position in shares of Axcelis Technologies by 197.1% in the 4th quarter. Clearstead Advisors LLC now owns 719 shares of the semiconductor company’s stock worth $58,000 after purchasing an additional 477 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other 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.