204,964 Shares in Axcelis Technologies, Inc. $ACLS Bought by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 204,964 Axcelis Technologies shares worth approximately $38.8 million, representing about 0.67% of the company. Institutional investors collectively own nearly 90% of ACLS.
• Axcelis exceeded quarterly expectations, reporting $1.06 in EPS versus the $0.89 consensus and revenue of $215.18 million, up 10.6% year over year. Analysts nevertheless maintain a consensus “Hold” rating with a $132.20 price target.
• ACLS recently traded at $115.57, down 5.6%, well below its 50-day average of $141.09 and its 52-week high of $193.78. Director Necip Sayiner also sold 1,586 shares, reducing his position by 18.23%.

Bank of New York Mellon Corp acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 204,964 shares of the semiconductor company's stock, valued at approximately $38,830,000. Bank of New York Mellon Corp owned about 0.67% of Axcelis Technologies as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. REAP Financial Group LLC purchased a new position in shares of Axcelis Technologies in the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC increased its stake 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 during the period. Advisory Services Network LLC purchased a new position in Axcelis Technologies during the 3rd quarter worth $32,000. Leonteq Securities AG purchased a new stake in shares of Axcelis Technologies in the fourth quarter valued at about $40,000. Finally, Clearstead Advisors LLC increased its stake in shares of Axcelis Technologies by 197.1% during the fourth quarter. Clearstead Advisors LLC now owns 719 shares of the semiconductor company's stock worth $58,000 after acquiring an additional 477 shares during the period. Institutional investors and hedge funds own 89.98% of the company's stock.

Insider Buying and Selling

In other news, Director Necip Sayiner sold 1,586 shares of the company's stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $157.44, for a total transaction of $249,699.84. Following the completion of the transaction, the director owned 7,112 shares of the company's stock, valued at $1,119,713.28. This represents a 18.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Axcelis Technologies in a report on Friday, August 7th. Craig Hallum cut Axcelis Technologies from a "buy" rating to a "hold" rating and set a $140.00 price objective for the company. in a research report on Friday, August 7th. Finally, Bank of America increased their price target on shares of Axcelis Technologies from $130.00 to $156.00 and gave the company an "underperform" rating in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Axcelis Technologies has an average rating of "Hold" and a consensus target price of $132.20.

Axcelis Technologies Stock Down 5.6%

ACLS opened at $115.57 on Friday. The firm has a market cap of $3.57 billion, a P/E ratio of 38.78, a PEG ratio of 3.74 and a beta of 1.92. The company has a quick ratio of 3.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.04. The business's fifty day simple moving average is $141.09 and its 200 day simple moving average is $128.67. Axcelis Technologies, Inc. has a 52 week low of $73.60 and a 52 week high of $193.78.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.17. Axcelis Technologies had a net margin of 10.71% and a return on equity of 11.69%. The company had revenue of $215.18 million for the quarter, compared to analysts' expectations of $205.03 million. During the same period last year, the company earned $1.13 EPS. The firm's revenue for the quarter was up 10.6% compared to the same quarter last year. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. As a group, equities research analysts anticipate that Axcelis Technologies, Inc. will post 3.39 EPS for the current fiscal year.

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.

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