Axcelis Technologies CEO Russell Low Sells $117,000 in Stock Amid Strong Earnings Report
Axcelis Technologies CEO low sells $117k in stock
Investing Uk
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Russell Low, CEO of Axcelis Technologies, sold 1,244 shares of the company’s stock for $117,010 on April 1, 2026. Despite this sale, the company reported strong fourth-quarter earnings, surpassing analyst expectations, although its first-quarter guidance fell short. Axcelis also announced leadership changes and received approval for its emissions reduction targets.
- 01Russell Low sold 1,244 shares for $117,010, maintaining 132,282 shares post-sale.
- 02Axcelis reported fourth-quarter earnings of $1.49 per share, exceeding estimates.
- 03The company's revenue reached $238.33 million, surpassing expectations.
- 04Axcelis aims for net-zero emissions by 2050, receiving approval for its targets.
- 05David Ryzhik has been appointed as Interim CFO, replacing James Coogan.
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On April 1, 2026, Russell Low, the President and CEO of Axcelis Technologies, sold 1,244 shares of common stock at $94.06 each, totaling $117,010. Following this transaction, Low retains 132,282 shares of the company, including 83,480 shares subject to vesting under the 2012 Equity Incentive Plan. The sale was made under a Rule 10b5-1 trading plan initiated on December 11, 2025. Axcelis recently reported strong fourth-quarter results, with adjusted earnings of $1.49 per share, surpassing analyst predictions of $1.12. Revenue reached $238.33 million, exceeding the expected $215.03 million, primarily due to record customer support and installation revenue. However, the company's guidance for the first quarter did not meet analyst expectations. In leadership news, David Ryzhik has been appointed as the Interim Chief Financial Officer, succeeding James Coogan, who is transitioning to a CFO role in another industry. Additionally, Axcelis received approval from the Science Based Targets initiative for its greenhouse gas emissions reduction targets, with a goal of achieving net-zero emissions by 2050.
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