Axcelis Technologies (NASDAQ:ACLS) Shares Gap Down – Here’s What Happened

Axcelis Technologies, Inc. (NASDAQ:ACLS) shares gapped down before the market opened on Tuesday . The stock had previously closed at $139.97, but opened at $130.87. Axcelis Technologies shares last traded at $126.29, with a volume of 79,588 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on ACLS. 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 objective for the company in a research report on Monday, April 20th. Bank of America boosted their price objective on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. 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 given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $130.25.

Axcelis Technologies Price Performance

The company has a current ratio of 4.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $4.16 billion, a P/E ratio of 42.19, a P/E/G ratio of 9.31 and a beta of 1.88. The company has a 50 day moving average price of $160.46 and a 200 day moving average price of $117.19.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, beating 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 business had revenue of $198.96 million for the quarter, compared to analysts’ expectations of $195.03 million. During the same quarter in the prior year, the business earned $0.88 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. On average, equities analysts predict that Axcelis Technologies, Inc. will post 3.21 EPS for the current fiscal year.

Insider Activity at Axcelis Technologies

In related news, EVP Eileen Evans sold 926 shares of Axcelis Technologies stock in a transaction dated Friday, May 22nd. The shares were 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 owned 31,295 shares of the company’s stock, valued at approximately $4,866,685.45. The trade was a 2.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Todd Sutton sold 2,000 shares of Axcelis Technologies stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total transaction of $319,980.00. Following the sale, the vice president directly owned 6,360 shares of the company’s stock, valued at $1,017,536.40. The trade was a 23.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,795 shares of company stock worth $5,344,383 in the last quarter. 0.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Axcelis Technologies

Several institutional investors and hedge funds have recently made changes to their positions in ACLS. REAP Financial Group LLC bought a new position in shares of Axcelis Technologies during the fourth quarter worth approximately $25,000. EverSource Wealth Advisors LLC grew 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 valued at $31,000 after buying an additional 267 shares in the last quarter. Advisory Services Network LLC acquired a new position in Axcelis Technologies in the 3rd quarter valued at $32,000. Leonteq Securities AG bought a new position in Axcelis Technologies during the 4th quarter worth $40,000. Finally, Clearstead Advisors LLC increased its position in Axcelis Technologies by 197.1% during the 4th quarter. Clearstead Advisors LLC now owns 719 shares of the semiconductor company’s stock worth $58,000 after buying an additional 477 shares during the period. Institutional investors and hedge funds 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.