Axcelis Technologies (NASDAQ:ACLS) Shares Gap Down – Here’s What Happened

Axcelis Technologies, Inc. (NASDAQ:ACLS) shares gapped down before the market opened on Tuesday . The stock had previously closed at $139.97, but opened at $130.87. Axcelis Technologies shares last traded at $126.29, with a volume of 79,588 shares trading hands.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Bank of America increased their target price 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. B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Monday, April 20th. Finally, 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. 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $130.25.

Axcelis Technologies Stock Performance

The stock’s 50 day moving average price is $160.73 and its 200 day moving average price is $116.46. The company has a current ratio of 4.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.96 billion, a PE ratio of 40.03, a P/E/G ratio of 10.23 and a beta of 1.88.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.71 by $0.01. The firm 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%.Axcelis Technologies’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.88 EPS. 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Eileen Evans sold 926 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $155.51, for a total transaction of $144,002.26. Following the transaction, the executive vice president owned 31,295 shares of the company’s stock, valued at approximately $4,866,685.45. This trade represents a 2.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gerald M. Blumenstock sold 1,161 shares of Axcelis Technologies stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $152.70, for a total value of $177,284.70. Following the completion of the transaction, the executive vice president owned 20,493 shares of the company’s stock, valued at approximately $3,129,281.10. The trade was a 5.36% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 34,795 shares of company stock worth $5,344,383. 0.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. REAP Financial Group LLC acquired a new position in Axcelis Technologies in the fourth quarter worth approximately $25,000. Advisory Services Network LLC bought a new position in Axcelis Technologies during the third quarter worth $32,000. EverSource Wealth Advisors LLC grew its position in Axcelis Technologies by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after buying an additional 267 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of Axcelis Technologies during the fourth quarter valued at approximately $40,000. Finally, Parallel Advisors LLC boosted its stake in Axcelis Technologies by 22.0% during the first quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company’s stock worth $62,000 after buying an additional 120 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Company Profile

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.