Axcelis Technologies (NASDAQ:ACLS) CEO Russell Low Sells 7,468 Shares

Key Points

• Axcelis CEO Russell Low sold 7,468 shares on May 6 at an average price of $156.75 under a pre-arranged Rule 10b5-1 plan, raising about $1.17M and trimming his stake to 123,570 shares (a 5.7% decrease).
• Axcelis reported quarterly EPS of $0.60 vs. a $0.71 consensus (a miss) and set Q2 guidance around $0.90 EPS; the stock fell about 7.2% to $158.66 on higher-than-normal volume.
• Analysts hold a consensus rating of Hold with a consensus target price of $116.25.

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) CEO Russell Low sold 7,468 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $156.75, for a total value of $1,170,609.00. Following the sale, the chief executive officer owned 123,570 shares in the company, valued at $19,369,597.50. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Russell Low also recently made the following trade(s):

• On Friday, May 1st, Russell Low sold 1,244 shares of Axcelis Technologies stock. The shares were sold at an average price of $138.86, for a total value of $172,741.84.
• 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 value of $117,010.64.

Axcelis Technologies Stock Down 7.2%

Shares of NASDAQ ACLS traded down $12.34 during mid-day trading on Thursday, hitting $158.66. 1,418,723 shares of the stock traded hands, compared to its average volume of 797,625. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.11 and a current ratio of 4.77. Axcelis Technologies, Inc. has a 52 week low of $55.93 and a 52 week high of $171.61. The company has a market cap of $4.88 billion, a price-to-earnings ratio of 41.86, a PEG ratio of 16.70 and a beta of 1.93. The stock has a fifty 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 released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.11). Axcelis Technologies had a net margin of 14.33% and a return on equity of 13.73%. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Research analysts anticipate that Axcelis Technologies, Inc. will post 2.86 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings raised Axcelis Technologies from a "hold (c-)" rating to a "hold (c)" rating in a report on Wednesday, April 22nd. Bank of America boosted their target price on Axcelis Technologies from $90.00 to $100.00 and gave the stock an "underperform" rating in a report on Tuesday, January 13th. Zacks Research raised Axcelis Technologies from a "strong sell" rating to a "hold" rating in a report on Monday, April 20th. Finally, B. Riley Financial raised Axcelis Technologies from a "neutral" rating to a "buy" rating and set a $150.00 target price on the stock in a report on Monday, April 20th. Three equities research 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, Axcelis Technologies presently has a consensus rating of "Hold" and a consensus target price of $116.25.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Close Asset Management Ltd purchased a new stake in Axcelis Technologies during the third quarter valued at $27,000. REAP Financial Group LLC purchased a new stake in Axcelis Technologies during the fourth quarter valued at $25,000. Advisory Services Network LLC purchased a new stake in Axcelis Technologies during the third quarter valued at $32,000. Caitlin John LLC purchased a new stake in Axcelis Technologies during the third quarter valued at $32,000. Finally, EverSource Wealth Advisors LLC increased its position in Axcelis Technologies by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 267 shares during the last quarter. Hedge funds and other institutional investors 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.

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