Gregory B. Graves, a director at Axcelis Technologies Inc. (NASDAQ:ACLS), sold a total of 3,225 shares of common stock on May 19, 2026. The transactions amounted to $456,697, with prices ranging from $141.4051 to $142.5146 per share.
The sale comes as the stock declined roughly 12% over the past week, though shares surged 129% over the past year. According to Bond.az analysis, the stock appears overvalued relative to its Fair Value estimate. Trading at a P/E ratio of 46, the company maintains a market cap of $4.57 billion.
The sales were executed through two separate transactions. In the first, Graves disposed of 2,625 shares at a weighted-average price of $141.4051 per share, with prices between $141.3301 and $141.6000.
Subsequently, Graves sold an additional 600 shares at a weighted-average price of $142.5146 per share, with prices ranging from $142.4400 to $142.6400.
Following these sales, Graves directly holds 5,473 shares. Of these, 2,110 are issuable upon vesting of restricted stock units.
In other recent news, Axcelis Technologies reported first-quarter 2026 results that missed expectations. The company posted EPS of $0.72 versus the expected $1.01, and revenue of $199 million against $207.23 million. Despite this, Axcelis maintained its fiscal 2026 sales outlook.
