Axcelis Technologies (NASDAQ:ACLS) Upgraded at Benchmark

Benchmark upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a research report sent to investors on Thursday, Marketbeat Ratings reports. The firm currently has $105.00 target price on the semiconductor company’s stock.

A number of other analysts also recently commented on ACLS. B. Riley boosted their target price on shares of Axcelis Technologies from $58.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, June 18th. DA Davidson upped their price target on Axcelis Technologies from $75.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.75.

Axcelis Technologies Stock Down 5.2%

ACLS opened at $88.71 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01. The company has a market capitalization of $2.79 billion, a PE ratio of 18.14 and a beta of 1.75. The stock’s fifty day moving average is $83.91 and its 200-day moving average is $68.17. Axcelis Technologies has a one year low of $40.40 and a one year high of $107.23.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.40. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The business had revenue of $194.54 million during the quarter, compared to analysts’ expectations of $185.15 million. During the same quarter last year, the business posted $1.55 earnings per share. The company’s quarterly revenue was down 24.2% on a year-over-year basis. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. On average, equities analysts predict that Axcelis Technologies will post 2.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Axcelis Technologies

Institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC acquired a new position in Axcelis Technologies in the fourth quarter worth approximately $298,000. Versant Capital Management Inc increased its stake in shares of Axcelis Technologies by 118.7% during the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 317 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Axcelis Technologies by 9,286.1% during the 1st quarter. GAMMA Investing LLC now owns 78,280 shares of the semiconductor company’s stock worth $3,888,000 after purchasing an additional 77,446 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Axcelis Technologies by 6.4% during the 1st quarter. Rhumbline Advisers now owns 96,647 shares of the semiconductor company’s stock valued at $4,800,000 after purchasing an additional 5,805 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its stake in shares of Axcelis Technologies by 39.1% in the 1st quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company’s stock valued at $71,576,000 after purchasing an additional 404,910 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.