Geode Capital Management LLC Sells 8,992 Shares of Axcelis Technologies, Inc. $ACLS

Geode Capital Management LLC decreased its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 917,747 shares of the semiconductor company’s stock after selling 8,992 shares during the quarter. Geode Capital Management LLC’s holdings in Axcelis Technologies were worth $73,742,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its stake in shares of Axcelis Technologies by 9.6% in the 3rd quarter. Victory Capital Management Inc. now owns 972,162 shares of the semiconductor company’s stock worth $90,243,000 after acquiring an additional 85,407 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Axcelis Technologies by 4.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 769,612 shares of the semiconductor company’s stock worth $75,143,000 after acquiring an additional 34,153 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Axcelis Technologies by 7.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock worth $31,560,000 after acquiring an additional 44,275 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Axcelis Technologies by 0.4% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 443,863 shares of the semiconductor company’s stock worth $43,339,000 after acquiring an additional 1,798 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of Axcelis Technologies by 36.4% in the 4th quarter. LSV Asset Management now owns 429,500 shares of the semiconductor company’s stock worth $34,506,000 after acquiring an additional 114,600 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Insider Transactions at Axcelis Technologies

In other news, EVP Gerald M. Blumenstock sold 1,161 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $152.70, for a total value of $177,284.70. Following the sale, the executive vice president directly owned 20,493 shares of the company’s stock, valued at approximately $3,129,281.10. This represents a 5.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Necip Sayiner sold 1,586 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.44, for a total transaction of $249,699.84. Following the completion of the sale, the director directly owned 7,112 shares in the company, valued at approximately $1,119,713.28. The trade was a 18.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 36,039 shares of company stock valued at $5,461,394. Company insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ACLS. B. Riley Financial upgraded shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Monday, April 20th. Zacks Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Axcelis Technologies has a consensus rating of “Hold” and an average target price of $116.25.

Axcelis Technologies Price Performance

NASDAQ ACLS opened at $154.76 on Tuesday. The company has a market cap of $4.76 billion, a PE ratio of 48.21, a price-to-earnings-growth ratio of 10.42 and a beta of 1.91. Axcelis Technologies, Inc. has a 52 week low of $64.17 and a 52 week high of $171.61. The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $135.97 and its two-hundred day simple moving average is $104.07.

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

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.