Axcelis Technologies (NASDAQ:ACLS) Hits New 12-Month High – Here’s What Happened

Axcelis Technologies, Inc. (NASDAQ:ACLS) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $176.86 and last traded at $182.0130, with a volume of 159211 shares trading hands. The stock had previously closed at $154.76.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, B. Riley Financial raised 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. Three equities research 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 MarketBeat, the company presently has an average rating of “Hold” and an average target price of $116.25.

Axcelis Technologies Price Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 4.59 and a quick ratio of 2.99. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 52.62, a P/E/G ratio of 10.42 and a beta of 1.91. The stock has a fifty day moving average of $135.97 and a 200 day moving average of $104.07.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.72 EPS for the quarter, topping 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 firm had revenue of $198.96 million during the quarter, compared to the consensus estimate of $195.03 million. During the same quarter in the previous year, the company posted $0.88 earnings per share. The company’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, analysts expect that Axcelis Technologies, Inc. will post 3.21 EPS for the current fiscal year.

Insider Buying and Selling

In other Axcelis Technologies news, VP Todd Sutton sold 2,574 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $163.89, for a total value of $421,852.86. Following the completion of the transaction, the vice president directly owned 7,817 shares of the company’s stock, valued at approximately $1,281,128.13. The trade was a 24.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Russell Low sold 7,468 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $156.75, for a total value of $1,170,609.00. Following the completion of the transaction, the chief executive officer directly owned 123,570 shares of the company’s stock, valued at $19,369,597.50. The trade was a 5.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 36,039 shares of company stock valued at $5,461,394 in the last three months. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Axcelis Technologies by 22.0% in the first quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 120 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Axcelis Technologies by 29.7% in the third quarter. EverSource Wealth Advisors LLC now owns 585 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 134 shares during the period. Larson Financial Group LLC raised its position in shares of Axcelis Technologies by 17.8% in the fourth quarter. Larson Financial Group LLC now owns 933 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 141 shares during the period. CWM LLC raised its position in shares of Axcelis Technologies by 5.8% in the fourth quarter. CWM LLC now owns 2,623 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 143 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Axcelis Technologies by 18.6% in the third quarter. Smartleaf Asset Management LLC now owns 957 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

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.