Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Free Report) traded down 7.2% during mid-day trading on Monday . The stock traded as low as $125.96 and last traded at $124.50. Approximately 50,163 shares were traded during mid-day trading, a decline of 93% from the average session volume of 713,325 shares. The stock had previously closed at $134.10.
Analysts Set New Price Targets
A number of brokerages have commented on ACLS. Bank of America upped their target price on shares of Axcelis Technologies from $130.00 to $156.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. B. Riley Financial upgraded shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Monday, April 20th. Weiss Ratings cut shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Finally, Zacks Research raised shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $130.25.
Check Out Our Latest Research Report on ACLS
Axcelis Technologies Trading Down 7.8%
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last posted 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. The company had revenue of $198.96 million for the quarter, compared to the consensus estimate of $195.03 million. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Equities research analysts anticipate that Axcelis Technologies, Inc. will post 3.21 EPS for the current year.
Insider Activity
In related news, EVP Eileen Evans sold 926 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $155.51, for a total transaction of $144,002.26. Following the sale, the executive vice president owned 31,295 shares in the company, valued at approximately $4,866,685.45. This represents a 2.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Christopher Tatnall sold 1,166 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $149.75, for a total value of $174,608.50. Following the completion of the sale, the executive vice president owned 27,627 shares of the company’s stock, valued at approximately $4,137,143.25. This represents a 4.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 34,795 shares of company stock worth $5,344,383. 0.49% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Axcelis Technologies by 3.8% in the first quarter. Royal Bank of Canada now owns 117,566 shares of the semiconductor company’s stock valued at $5,838,000 after acquiring an additional 4,324 shares during the period. AQR Capital Management LLC boosted its stake in shares of Axcelis Technologies by 4.9% during the 1st quarter. AQR Capital Management LLC now owns 35,717 shares of the semiconductor company’s stock worth $1,774,000 after purchasing an additional 1,678 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Axcelis Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,396 shares of the semiconductor company’s stock valued at $963,000 after purchasing an additional 849 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Axcelis Technologies by 7.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after purchasing an additional 44,275 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Axcelis Technologies by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,756 shares of the semiconductor company’s stock worth $3,912,000 after purchasing an additional 836 shares during the period. Institutional investors 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.
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