Axcelis Technologies (NASDAQ:ACLS) Stock Price Down 4.4% – Here’s What Happened

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) dropped 4.4% during mid-day trading on Thursday . The stock traded as low as $168.53 and last traded at $170.4640. 40,365 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 742,005 shares. The stock had previously closed at $178.33.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ACLS. Weiss Ratings cut Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. B. Riley Financial upgraded shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research note on Monday, April 20th. Zacks Research raised shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Bank of America increased their price target on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research report on Tuesday, June 23rd. Three investment 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $130.25.

Axcelis Technologies Stock Down 15.1%

The firm has a market cap of $4.65 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 13.41 and a beta of 1.87. 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 business has a 50-day moving average price of $160.41 and a two-hundred day moving average price of $115.26.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share (EPS) 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 firm had revenue of $198.96 million during the quarter, compared to analyst estimates of $195.03 million. During the same period last year, the business posted $0.88 earnings per share. Axcelis Technologies’s 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, equities research analysts expect that Axcelis Technologies, Inc. will post 3.21 EPS for the current year.

Insider Buying and Selling

In other news, 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 value of $319,980.00. Following the completion of the transaction, the vice president owned 6,360 shares in the company, valued at approximately $1,017,536.40. This trade represents a 23.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher Tatnall sold 1,166 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $149.75, for a total value of $174,608.50. Following the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 34,795 shares of company stock worth $5,344,383 over the last ninety days. Company insiders own 0.49% of the company’s stock.

Institutional Trading of Axcelis Technologies

Several hedge funds have recently added to or reduced their stakes in ACLS. Victory Capital Management Inc. grew its holdings in Axcelis Technologies by 85.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock worth $145,207,000 after acquiring an additional 835,242 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Axcelis Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company’s stock valued at $78,565,000 after purchasing an additional 3,057 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Axcelis Technologies by 7.5% in 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Axcelis Technologies by 3,402.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock valued at $45,772,000 after purchasing an additional 477,705 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Axcelis Technologies by 23.8% during the 4th quarter. Invesco Ltd. now owns 478,897 shares of the semiconductor company’s stock worth $38,475,000 after purchasing an additional 92,162 shares during the last quarter. Institutional investors and hedge funds 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.