ARGA Investment Management LP Grows Stock Position in Axcelis Technologies, Inc. $ACLS

ARGA Investment Management LP grew its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 123.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 41,408 shares of the semiconductor company’s stock after purchasing an additional 22,874 shares during the period. ARGA Investment Management LP’s holdings in Axcelis Technologies were worth $3,854,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC grew its holdings in Axcelis Technologies by 17.8% during the fourth quarter. Larson Financial Group LLC now owns 933 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 141 shares during the period. CWM LLC lifted its holdings in Axcelis Technologies by 5.8% in the fourth quarter. CWM LLC now owns 2,623 shares of the semiconductor company’s stock valued at $211,000 after acquiring an additional 143 shares during the period. Vise Technologies Inc. lifted its holdings in Axcelis Technologies by 7.5% in the fourth quarter. Vise Technologies Inc. now owns 2,937 shares of the semiconductor company’s stock valued at $236,000 after acquiring an additional 204 shares during the period. Smartleaf Asset Management LLC boosted its position in Axcelis Technologies by 21.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,163 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 206 shares in the last quarter. Finally, Allworth Financial LP boosted its position in Axcelis Technologies by 39.1% in the 4th quarter. Allworth Financial LP now owns 762 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 214 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Insider Activity

In other Axcelis Technologies news, CEO Russell Low sold 7,468 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $156.75, for a total transaction of $1,170,609.00. Following the completion of the transaction, the chief executive officer directly owned 123,570 shares in the company, valued at approximately $19,369,597.50. This represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Todd Sutton sold 2,574 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $163.89, for a total transaction of $421,852.86. Following the transaction, the vice president directly owned 7,817 shares in the company, valued at approximately $1,281,128.13. The trade was a 24.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 34,795 shares of company stock worth $5,344,383. Insiders own 0.49% of the company’s stock.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $143.35 on Friday. The company has a market capitalization of $4.41 billion, a P/E ratio of 44.66, a P/E/G ratio of 10.12 and a beta of 1.88. The business’s 50 day moving average is $160.83 and its two-hundred day moving average is $117.80. The company has a current ratio of 4.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12-month low of $65.64 and a 12-month high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. The company had revenue of $198.96 million for the quarter, compared to analyst estimates of $195.03 million. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.Axcelis Technologies’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Analysts expect that Axcelis Technologies, Inc. will post 3.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ACLS. Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a report on Monday, April 20th. Zacks Research upgraded 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 lifted their price objective 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 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $130.25.

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.