Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $176.86 and last traded at $182.0130, with a volume of 159211 shares traded. The stock had previously closed at $154.76.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on ACLS shares. Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. B. Riley Financial raised 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. Finally, Zacks Research raised shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $116.25.
Get Our Latest Stock Report on Axcelis Technologies
Axcelis Technologies Stock Down 4.3%
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. The business had revenue of $198.96 million for the quarter, compared to the consensus estimate of $195.03 million. During the same period last year, the firm earned $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, research analysts expect that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Gerald M. Blumenstock sold 1,161 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $152.70, for a total value of $177,284.70. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Eileen Evans sold 926 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 31,295 shares of the company’s stock, valued at $4,866,685.45. This represents a 2.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 36,039 shares of company stock worth $5,461,394 in the last ninety days. Corporate insiders own 0.49% of the company’s stock.
Institutional Investors Weigh In On Axcelis Technologies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Close Asset Management Ltd purchased a new stake in Axcelis Technologies in the 3rd quarter worth approximately $27,000. REAP Financial Group LLC purchased a new stake in Axcelis Technologies in the 4th quarter worth approximately $25,000. Advisory Services Network LLC purchased a new stake in Axcelis Technologies in the 3rd quarter worth approximately $32,000. Caitlin John LLC purchased a new stake in Axcelis Technologies in the 3rd quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 267 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.
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.
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