Paradigm Capital Management Inc. NY Makes New $4.55 Million Investment in Axcelis Technologies, Inc. $ACLS

Key Points

• Paradigm Capital Management acquired 24,000 Axcelis Technologies shares worth approximately $4.55 million, while institutional investors and hedge funds collectively own 89.98% 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.
• Analyst sentiment remains cautious: ACLS has an overall “Hold” rating and an average price target of $132.20, while two company insiders recently sold shares.

Paradigm Capital Management Inc. NY acquired a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 24,000 shares of the semiconductor company's stock, valued at approximately $4,547,000. Paradigm Capital Management Inc. NY owned approximately 0.08% of Axcelis Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ACLS. REAP Financial Group LLC acquired a new stake in shares of Axcelis Technologies during the fourth quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its position in Axcelis Technologies by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 267 shares in the last quarter. Advisory Services Network LLC purchased a new position in Axcelis Technologies during the 3rd quarter worth approximately $32,000. Leonteq Securities AG acquired a new stake in Axcelis Technologies during the 4th quarter valued at $40,000. Finally, Clearstead Advisors LLC raised its stake in Axcelis Technologies by 197.1% during the 4th quarter. Clearstead Advisors LLC now owns 719 shares of the semiconductor company's stock valued at $58,000 after purchasing an additional 477 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $123.49 on Tuesday. The company has a market capitalization of $3.81 billion, a PE ratio of 41.44, a PEG ratio of 3.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.21 and a current ratio of 4.90. The company's 50 day moving average price is $145.97 and its 200 day moving average price is $127.93. 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 earnings results on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $205.03 million. During the same quarter in the prior year, the firm earned $1.13 EPS. The company's revenue 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. Research analysts expect that Axcelis Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ACLS shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Axcelis Technologies in a research report on Friday, August 7th. Craig Hallum lowered Axcelis Technologies from a "buy" rating to a "hold" rating and set a $140.00 price target on the stock. in a research report on Friday, August 7th. Finally, Bank of America increased their price objective on Axcelis Technologies from $130.00 to $156.00 and gave the stock an "underperform" rating in a research note on Tuesday, June 23rd. Three equities 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $132.20.

Insiders Place Their Bets

In other Axcelis Technologies news, Director Necip Sayiner sold 1,586 shares of the business's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $157.44, for a total value of $249,699.84. Following the transaction, the director owned 7,112 shares in the company, valued at $1,119,713.28. The trade was a 18.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Todd Sutton sold 2,000 shares of the company's 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 directly owned 6,360 shares in the company, valued at approximately $1,017,536.40. The trade was a 23.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.49% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding ACLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source