Citigroup Inc. Sells 38,103 Shares of Axcelis Technologies, Inc. $ACLS

Citigroup Inc. lowered its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 10.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 324,354 shares of the semiconductor company’s stock after selling 38,103 shares during the quarter. Citigroup Inc. owned 1.03% of Axcelis Technologies worth $31,670,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ACLS. Salomon & Ludwin LLC acquired a new stake in Axcelis Technologies during the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 267 shares during the period. Strs Ohio acquired a new stake in Axcelis Technologies in the 3rd quarter valued at $49,000. Hantz Financial Services Inc. boosted its stake in Axcelis Technologies by 263.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 755 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 547 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Axcelis Technologies by 18.6% in the third quarter. Smartleaf Asset Management LLC now owns 957 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Shares of ACLS stock opened at $80.02 on Thursday. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $102.93. The company has a current ratio of 4.77, a quick ratio of 3.11 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $87.75 and its 200-day moving average is $85.76. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 9.78 and a beta of 1.77.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.37. The firm had revenue of $238.33 million for the quarter, compared to the consensus estimate of $215.04 million. Axcelis Technologies had a return on equity of 13.73% and a net margin of 14.33%.The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.54 EPS. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. Sell-side analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America lifted their price objective on Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a report on Tuesday, January 13th. Wall Street Zen cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. B. Riley Financial cut their price target on shares of Axcelis Technologies from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Zacks Research cut shares of Axcelis Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $101.50.

Insider Activity

In related news, EVP Gerald M. Blumenstock sold 3,034 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $89.46, for a total transaction of $271,421.64. Following the completion of the sale, the executive vice president directly owned 18,661 shares of the company’s stock, valued at $1,669,413.06. The trade was a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jorge Titinger sold 1,000 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $80.00, for a total transaction of $80,000.00. Following the completion of the transaction, the director owned 6,477 shares in the company, valued at $518,160. This represents a 13.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,034 shares of company stock valued at $523,522 over the last three months. Company insiders own 0.48% 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.