Axcelis Technologies (NASDAQ:ACLS) Director Necip Sayiner Sells 1,586 Shares

Axcelis Technologies, Inc. (NASDAQ:ACLS) Director Necip Sayiner sold 1,586 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,119,713.28. This trade represents a 18.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Axcelis Technologies Stock Up 1.7%

Axcelis Technologies stock traded up $2.68 during midday trading on Thursday, reaching $161.87. The company’s stock had a trading volume of 719,706 shares, compared to its average volume of 750,205. The stock’s 50-day simple moving average is $132.57 and its 200-day simple moving average is $102.49. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.59 and a quick ratio of 2.99. Axcelis Technologies, Inc. has a 52-week low of $59.99 and a 52-week high of $171.61. The stock has a market capitalization of $4.97 billion, a P/E ratio of 50.43, a PEG ratio of 11.24 and a beta of 1.91.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The company had revenue of $198.96 million during the quarter, compared to analysts’ expectations of $195.03 million. During the same period last year, the business posted $0.88 earnings per share. The firm’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. On average, sell-side analysts expect that Axcelis Technologies, Inc. will post 3.21 EPS for the current year.

Hedge Funds Weigh In On Axcelis Technologies

A number of institutional 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 in the last quarter. 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 in the last quarter. LSV Asset Management purchased a new position in Axcelis Technologies during the third quarter worth approximately $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 in the last quarter. 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 in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

ACLS has been the topic of a number of research reports. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Finally, B. Riley Financial upgraded Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently 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.