Allspring Global Investments Holdings LLC Lowers Stock Position in Axcelis Technologies, Inc. $ACLS

Allspring Global Investments Holdings LLC decreased its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 258,536 shares of the semiconductor company’s stock after selling 7,479 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.84% of Axcelis Technologies worth $24,693,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ACLS. UBS Group AG boosted its stake in shares of Axcelis Technologies by 67.6% during the fourth quarter. UBS Group AG now owns 213,388 shares of the semiconductor company’s stock valued at $17,144,000 after acquiring an additional 86,065 shares during the last quarter. Burney Co. acquired a new position in Axcelis Technologies in the 4th quarter valued at about $1,986,000. Peterson Wealth Services lifted its holdings in Axcelis Technologies by 1,750.8% in the 4th quarter. Peterson Wealth Services now owns 7,403 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 7,003 shares in the last quarter. ABN Amro Investment Solutions lifted its holdings in Axcelis Technologies by 42.6% in the 4th quarter. ABN Amro Investment Solutions now owns 24,798 shares of the semiconductor company’s stock valued at $1,992,000 after purchasing an additional 7,408 shares in the last quarter. Finally, Intech Investment Management LLC boosted its stake in shares of Axcelis Technologies by 129.0% during the 4th quarter. Intech Investment Management LLC now owns 40,463 shares of the semiconductor company’s stock worth $3,251,000 after purchasing an additional 22,792 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ACLS shares. Bank of America upped their price objective on shares of 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 raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research note on Monday, April 20th. Weiss Ratings lowered Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $130.25.

Insider Activity at Axcelis Technologies

In other news, VP Todd Sutton sold 2,000 shares of Axcelis Technologies 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 transaction, the vice president directly owned 6,360 shares of the company’s stock, valued at $1,017,536.40. The trade was a 23.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Eileen Evans sold 926 shares of Axcelis Technologies stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $155.51, for a total transaction of $144,002.26. Following the transaction, the executive vice president directly owned 31,295 shares in the company, valued at approximately $4,866,685.45. This trade represents a 2.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 34,795 shares of company stock valued at $5,344,383 over the last three months. Insiders own 0.49% of the company’s stock.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $131.70 on Tuesday. Axcelis Technologies, Inc. has a 1 year low of $65.64 and a 1 year high of $193.78. 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 firm has a 50 day moving average price of $158.72 and a 200 day moving average price of $120.41. The company has a market cap of $4.05 billion, a price-to-earnings ratio of 41.03, a PEG ratio of 9.66 and a beta of 1.88.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. The company had revenue of $198.96 million for 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%. Axcelis Technologies’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Sell-side analysts predict that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current year.

Axcelis Technologies 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.