Axcelis Technologies (NASDAQ:ACLS) CEO Sells $172,741.84 in Stock
by Scott Moore · The Cerbat GemAxcelis Technologies, Inc. (NASDAQ:ACLS – Get Free Report) CEO Russell Low sold 1,244 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $138.86, for a total transaction of $172,741.84. Following the completion of the sale, the chief executive officer owned 131,038 shares in the company, valued at approximately $18,195,936.68. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Russell Low also recently made the following trade(s):
- On Wednesday, April 1st, Russell Low sold 1,244 shares of Axcelis Technologies stock. The shares were sold at an average price of $94.06, for a total transaction of $117,010.64.
Axcelis Technologies Stock Up 22.4%
Shares of NASDAQ:ACLS opened at $171.00 on Thursday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 45.12, a PEG ratio of 16.70 and a beta of 1.93. Axcelis Technologies, Inc. has a 12 month low of $55.81 and a 12 month high of $171.61. The company has a current ratio of 4.77, a quick ratio of 3.11 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average price of $103.83 and a 200 day moving average price of $92.19.
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.37. The company had revenue of $238.33 million for the quarter, compared to analysts’ expectations of $215.04 million. Axcelis Technologies had a return on equity of 13.73% and a net margin of 14.33%.The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.54 earnings per share. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. As a group, equities research analysts predict that Axcelis Technologies, Inc. will post 2.86 earnings per share for the current year.
Wall Street Analyst Weigh In
ACLS has been the subject of a number of analyst reports. Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. B. Riley Financial upgraded shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Monday, April 20th. Bank of America increased their target price on shares of Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings upgraded shares of Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $116.25.
View Our Latest Research Report on ACLS
Institutional Investors Weigh In On Axcelis Technologies
Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted 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 valued at $145,207,000 after acquiring an additional 835,242 shares during the period. LSV Asset Management purchased a new stake in Axcelis Technologies in the third quarter worth $30,747,000. Invesco Ltd. lifted its position in shares of Axcelis Technologies by 176.6% during the third quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock worth $37,761,000 after purchasing an additional 246,939 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Axcelis Technologies by 10,368.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock worth $19,563,000 after purchasing an additional 241,177 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Axcelis Technologies by 142.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 266,015 shares of the semiconductor company’s stock valued at $22,909,000 after purchasing an additional 156,387 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.
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.