Western Wealth Management LLC Invests $646,000 in Axcelis Technologies, Inc. $ACLS

Western Wealth Management LLC purchased a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,936 shares of the semiconductor company’s stock, valued at approximately $646,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. UBS Group AG increased its position in shares of Axcelis Technologies by 67.6% in the 4th quarter. UBS Group AG now owns 213,388 shares of the semiconductor company’s stock worth $17,144,000 after purchasing an additional 86,065 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Axcelis Technologies by 3,402.5% during the first quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock worth $45,772,000 after purchasing an additional 477,705 shares during the last quarter. Burney Co. acquired a new position in Axcelis Technologies in the fourth quarter worth about $1,986,000. Peterson Wealth Services grew its stake in Axcelis Technologies by 1,750.8% in the fourth quarter. Peterson Wealth Services now owns 7,403 shares of the semiconductor company’s stock worth $595,000 after purchasing an additional 7,003 shares in the last quarter. Finally, Intech Investment Management LLC increased its holdings in Axcelis Technologies by 129.0% in the fourth quarter. Intech Investment Management LLC now owns 40,463 shares of the semiconductor company’s stock valued at $3,251,000 after buying an additional 22,792 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axcelis Technologies

In other news, EVP Greg Redinbo sold 2,883 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $160.85, for a total transaction of $463,730.55. Following the sale, the executive vice president directly owned 29,823 shares in the company, valued at approximately $4,797,029.55. This represents a 8.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Todd Sutton sold 2,574 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $163.89, for a total value of $421,852.86. Following the sale, the vice president owned 7,817 shares in the company, valued at $1,281,128.13. The trade was a 24.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,551 shares of company stock valued at $5,171,641 over the last ninety days. Insiders own 0.49% of the company’s stock.

Axcelis Technologies Trading Up 0.6%

Axcelis Technologies stock opened at $131.12 on Tuesday. Axcelis Technologies, Inc. has a 1 year low of $67.49 and a 1 year high of $193.78. The firm’s 50-day moving average is $153.96 and its 200-day moving average is $123.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.99 and a current ratio of 4.59. The company has a market cap of $4.03 billion, a P/E ratio of 40.85, a PEG ratio of 9.23 and a beta of 1.92.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ACLS. Bank of America upped their price objective on Axcelis Technologies from $130.00 to $156.00 and gave the company an “underperform” rating in a research note on Tuesday, June 23rd. B. Riley Financial upgraded Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Monday, April 20th. Weiss Ratings downgraded Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Finally, Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $130.25.

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.