Axcelis Technologies (NASDAQ:ACLS) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Bank of America increased their price objective on shares of Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. Finally, B. Riley Financial upgraded shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a research report on Monday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $116.25.

Axcelis Technologies Trading Up 1.8%

NASDAQ ACLS traded up $2.36 on Monday, hitting $135.55. The company’s stock had a trading volume of 224,712 shares, compared to its average volume of 780,331. The company has a quick ratio of 3.11, a current ratio of 4.77 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 1-year low of $45.71 and a 1-year high of $139.85. The company’s 50-day moving average is $94.10 and its 200 day moving average is $88.46. The firm has a market cap of $4.17 billion, a PE ratio of 35.77, a PEG ratio of 15.66 and a beta of 1.65.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.37. Axcelis Technologies had a net margin of 14.33% and a return on equity of 13.73%. The firm had revenue of $238.33 million during the quarter, compared to analysts’ expectations of $215.04 million. During the same period in the prior year, the company posted $1.54 EPS. The company’s revenue was down 5.6% on a year-over-year basis. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. As a group, analysts predict that Axcelis Technologies will post 2.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In other news, CEO Russell Low sold 1,244 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $94.06, for a total transaction of $117,010.64. Following the completion of the sale, the chief executive officer directly owned 132,282 shares in the company, valued at $12,442,444.92. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jorge Titinger sold 1,000 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $80.00, for a total transaction of $80,000.00. Following the sale, the director owned 6,477 shares of the company’s stock, valued at approximately $518,160. This trade represents a 13.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

Large investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC acquired a new stake in Axcelis Technologies in the third quarter worth $25,000. Close Asset Management Ltd acquired a new stake in Axcelis Technologies in the third quarter worth $27,000. REAP Financial Group LLC acquired a new stake in Axcelis Technologies in the fourth quarter worth $25,000. Advisory Services Network LLC acquired a new stake in Axcelis Technologies in the third quarter worth $32,000. Finally, Caitlin John LLC acquired a new stake in Axcelis Technologies in the third quarter worth $32,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.