Vestcor Inc Boosts Position in Axcelis Technologies, Inc. $ACLS

Vestcor Inc raised its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 135.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,071 shares of the semiconductor company’s stock after buying an additional 5,785 shares during the quarter. Vestcor Inc’s holdings in Axcelis Technologies were worth $809,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ACLS. REAP Financial Group LLC purchased a new position in Axcelis Technologies during the 4th quarter valued at about $25,000. Close Asset Management Ltd purchased a new position in Axcelis Technologies during the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC grew its holdings in Axcelis Technologies by 145.1% during 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 in the last quarter. Caitlin John LLC purchased a new position in Axcelis Technologies during the 3rd quarter valued at about $32,000. Finally, Advisory Services Network LLC purchased a new position in Axcelis Technologies during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ACLS. B. Riley Financial raised Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Monday, April 20th. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Weiss Ratings lowered Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Axcelis Technologies presently has an average rating of “Hold” and an average target price of $116.25.

Axcelis Technologies Stock Up 5.2%

Shares of NASDAQ ACLS opened at $154.76 on Tuesday. Axcelis Technologies, Inc. has a 12 month low of $64.17 and a 12 month high of $171.61. The company has a current ratio of 4.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 48.21, a PEG ratio of 10.42 and a beta of 1.91. The business has a 50-day moving average of $135.97 and a 200-day moving average of $104.07.

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

Insiders Place Their Bets

In other Axcelis Technologies news, EVP Christopher Tatnall sold 1,166 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $149.75, for a total value of $174,608.50. Following the completion of the sale, the executive vice president owned 27,627 shares of the company’s stock, valued at $4,137,143.25. This represents a 4.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gerald M. Blumenstock sold 1,161 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $152.70, for a total value of $177,284.70. Following the completion of the sale, the executive vice president directly owned 20,493 shares of the company’s stock, valued at approximately $3,129,281.10. This represents a 5.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 36,039 shares of company stock valued at $5,461,394 over the last 90 days. Company insiders own 0.49% 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.