Needham Investment Management LLC Buys New Stake in Axcelis Technologies, Inc. $ACLS

Posted by Stanley Muller on Jun 16th, 2026

Needham Investment Management LLC purchased a new stake in Axcelis Technologies, Inc. (NASDAQ:ACLS – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 20,000 shares of the semiconductor company’s stock, valued at approximately $1,607,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of Axcelis Technologies by 85.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock valued at $145,207,000 after purchasing an additional 835,242 shares in the last quarter. Invesco Ltd. increased its stake in Axcelis Technologies by 176.6% in the 3rd quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock worth $37,761,000 after acquiring an additional 246,939 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Axcelis Technologies by 142.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 266,015 shares of the semiconductor company’s stock worth $22,909,000 after acquiring an additional 156,387 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Axcelis Technologies by 143.8% in the third quarter. Millennium Management LLC now owns 261,776 shares of the semiconductor company’s stock valued at $25,560,000 after purchasing an additional 154,381 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Axcelis Technologies by 27.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 629,814 shares of the semiconductor company’s stock valued at $50,599,000 after purchasing an additional 135,039 shares during the period. Institutional investors own 89.98% of the company’s stock.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, VP Todd Sutton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total value of $319,980.00. Following the completion of the transaction, the vice president directly owned 6,360 shares of the company’s stock, valued at approximately $1,017,536.40. The trade was a 23.92% decrease in their ownership of the stock. The sale 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 company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $155.51, for a total value of $144,002.26. Following the completion of 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 disclosure for this sale is available in the SEC filing. Insiders sold 36,039 shares of company stock worth $5,461,394 in the last three months. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

ACLS has been the topic of several analyst reports. Weiss Ratings downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Monday, April 20th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $116.25.

Check Out Our Latest Analysis on Axcelis Technologies

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS opened at $191.60 on Tuesday. 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 company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 59.69, a price-to-earnings-growth ratio of 12.75 and a beta of 1.91. Axcelis Technologies, Inc. has a 52 week low of $64.62 and a 52 week high of $193.78. The firm has a 50 day moving average of $143.89 and a 200 day moving average of $107.43.

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

About Axcelis Technologies

(Free Report)

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.