Western Wealth Management LLC Purchases Shares of 6,936 Axcelis Technologies, Inc. $ACLS

Western Wealth Management LLC purchased a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 6,936 shares of the semiconductor company’s stock, valued at approximately $646,000.

Other hedge funds also recently modified their holdings of the company. UBS Group AG increased its holdings in Axcelis Technologies by 67.6% in the fourth quarter. UBS Group AG now owns 213,388 shares of the semiconductor company’s stock valued at $17,144,000 after purchasing an additional 86,065 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Axcelis Technologies by 3,402.5% during the 1st 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. Peterson Wealth Services grew its position in shares of Axcelis Technologies by 1,750.8% in the 4th quarter. Peterson Wealth Services now owns 7,403 shares of the semiconductor company’s stock valued at $595,000 after buying an additional 7,003 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Axcelis Technologies in the 1st quarter valued at about $1,004,000. Finally, ABN Amro Investment Solutions increased its stake in shares of Axcelis Technologies by 42.6% in the fourth quarter. ABN Amro Investment Solutions now owns 24,798 shares of the semiconductor company’s stock valued at $1,992,000 after buying an additional 7,408 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Insider Transactions at Axcelis Technologies

In other news, Director Necip Sayiner sold 1,586 shares of Axcelis Technologies stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $157.44, for a total value of $249,699.84. Following the completion of the sale, the director owned 7,112 shares in the company, valued at $1,119,713.28. The trade was a 18.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John T. Kurtzweil sold 3,500 shares of Axcelis Technologies stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $138.79, for a total transaction of $485,765.00. Following the completion of the sale, the director owned 32,990 shares of the company’s stock, valued at $4,578,682.10. This represents a 9.59% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 15,353 shares of company stock valued at $2,258,886. 0.49% of the stock is owned by insiders.

Axcelis Technologies Stock Up 0.6%

Shares of NASDAQ:ACLS opened at $143.03 on Friday. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 48.00, a P/E/G ratio of 4.58 and a beta of 1.92. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 3.21. The business’s 50-day moving average is $150.92 and its 200-day moving average is $125.84. Axcelis Technologies, Inc. has a 1 year low of $73.60 and a 1 year high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, August 6th. The semiconductor company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%.The business had revenue of $215.18 million during the quarter, compared to analysts’ expectations of $205.03 million. During the same quarter last year, the firm posted $1.13 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. Equities research analysts predict that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. B. Riley Financial upgraded Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Monday, April 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Friday, August 7th. Zacks Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Craig Hallum downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Friday, August 7th. Finally, Bank of America increased their price objective on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $132.20.

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.