Axcelis Technologies (NASDAQ:ACLS) Given Buy Rating at B. Riley Financial

B. Riley Financial reissued their buy rating on shares of Axcelis Technologies (NASDAQ:ACLS) in a report published on Friday morning,Benzinga reports. They currently have a $140.00 price objective on the semiconductor company’s stock, down from their prior price objective of $165.00.

Several other brokerages also recently weighed in on ACLS. Weiss Ratings upgraded shares of Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 16th. Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Friday. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $145.33.

Axcelis Technologies Stock Performance

ACLS traded up $9.24 on Friday, hitting $99.24. 861,550 shares of the company’s stock were exchanged, compared to its average volume of 314,012. The company has a current ratio of 4.90, a quick ratio of 3.21 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $115.62 and a two-hundred day moving average of $122.71. Axcelis Technologies has a twelve month low of $73.60 and a twelve month high of $193.78. The firm has a market cap of $3.06 billion, a PE ratio of 29.54, a P/E/G ratio of 2.91 and a beta of 1.88.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, November 5th. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The company had revenue of $237.78 million during the quarter, compared to the consensus estimate of $230.08 million. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%. Axcelis Technologies’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. Axcelis Technologies has set its Q4 2026 guidance at 1.500-1.500 EPS. On average, research analysts anticipate that Axcelis Technologies will post 3.39 earnings per share for the current fiscal year.

Institutional Trading of Axcelis Technologies

Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in Axcelis Technologies by 3,402.5% in the first quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock worth $45,772,000 after purchasing an additional 477,705 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Axcelis Technologies during the 2nd quarter valued at $38,830,000. Reinhart Partners LLC. raised its stake in shares of Axcelis Technologies by 14.2% in the 3rd quarter. Reinhart Partners LLC. now owns 1,060,636 shares of the semiconductor company’s stock worth $139,134,000 after buying an additional 131,976 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in shares of Axcelis Technologies by 96.1% in the 1st quarter. Segall Bryant & Hamill LLC now owns 200,371 shares of the semiconductor company’s stock worth $18,651,000 after buying an additional 98,184 shares in the last quarter. Finally, Emerald Advisers LLC bought a new stake in shares of Axcelis Technologies in the 1st quarter worth $8,958,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Axcelis Technologies

Here are the key news stories impacting Axcelis Technologies this week:

• Positive Sentiment: Third-quarter earnings beat expectations: non-GAAP EPS was $1.26 versus a $1.11 consensus, while revenue of $237.8 million topped estimates of about $230 million and rose 11.3% year over year. Axcelis Announces Financial Results for Third Quarter 2026
• Positive Sentiment: Axcelis forecast fourth-quarter revenue of $275 million and EPS of $1.50, both well above analyst estimates of roughly $239 million and $1.18, respectively. The upbeat outlook is a key reason for the positive investor reaction. Axcelis expects about $275M Q4 revenue
• Positive Sentiment: Craig Hallum upgraded ACLS from Hold to Buy and set a $140 price target, signaling improved analyst sentiment. Craig Hallum upgrades Axcelis
• Neutral Sentiment: Axcelis said it is targeting completion of its Veeco merger by the end of the first quarter of 2027; the transaction’s eventual impact will depend on closing and integration. Merger timing and Q4 outlook
• Negative Sentiment: B. Riley reaffirmed its Buy rating but cut its price target to $140 from $165, tempering the bullish signal despite the target remaining above the current share price. B. Riley reaffirms Buy and lowers target

Axcelis Technologies Company Profile

Axcelis Technologies, Inc develops and manufactures equipment used in the fabrication of semiconductor devices. The company is best known for its ion implantation systems, which precisely introduce dopant atoms into silicon wafers to control the electrical properties of semiconductor components.

Its product portfolio includes the Purion family of ion implantation systems, designed for applications such as high-current, medium-current and high-energy implantation. Axcelis also provides related aftermarket products and services, including spare parts, equipment upgrades, process support and customer training.

Headquartered in Beverly, Massachusetts, Axcelis serves semiconductor manufacturers and other customers in major chip-production regions worldwide.