Gerald Blumenstock Sells 1,015 Shares of Axcelis Technologies (NASDAQ:ACLS) Stock

Axcelis Technologies, Inc. (NASDAQ:ACLS) EVP Gerald Blumenstock sold 1,015 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $162.31, for a total value of $164,744.65. Following the completion of the transaction, the executive vice president owned 17,293 shares of the company’s stock, valued at approximately $2,806,826.83. This trade represents a 5.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Axcelis Technologies Trading Down 4.0%

NASDAQ ACLS opened at $155.18 on Friday. Axcelis Technologies, Inc. has a 12 month low of $55.93 and a 12 month high of $171.61. The stock has a market cap of $4.77 billion, a P/E ratio of 48.34, a P/E/G ratio of 12.35 and a beta of 1.93. The stock’s fifty day moving average price is $114.63 and its 200-day moving average price is $95.94. The company has a current ratio of 4.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04.

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 for the quarter, compared to analysts’ expectations of $195.03 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, equities analysts forecast that Axcelis Technologies, Inc. will post 2.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ACLS has been the topic of several recent analyst reports. Weiss Ratings cut Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. B. Riley Financial raised 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. Finally, Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Hold” and an average target price of $116.25.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in shares of Axcelis Technologies by 3,402.5% in 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 during the period. Quantinno Capital Management LP raised its stake in Axcelis Technologies by 10.0% during the 1st quarter. Quantinno Capital Management LP now owns 12,336 shares of the semiconductor company’s stock valued at $1,148,000 after purchasing an additional 1,122 shares during the period. Entropy Technologies LP bought a new stake in Axcelis Technologies during the 1st quarter valued at approximately $1,004,000. Sei Investments Co. raised its stake in Axcelis Technologies by 61.0% during the 1st quarter. Sei Investments Co. now owns 45,035 shares of the semiconductor company’s stock valued at $4,192,000 after purchasing an additional 17,059 shares during the period. Finally, Lido Advisors LLC raised its stake in Axcelis Technologies by 17.9% during the 1st quarter. Lido Advisors LLC now owns 4,259 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 648 shares during the period. Institutional investors 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.