Hennessy Advisors Inc. Purchases New Stake in Axcelis Technologies, Inc. $ACLS

Hennessy Advisors Inc. acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,067 shares of the semiconductor company’s stock, valued at approximately $144,000.

A number of other hedge funds have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Axcelis Technologies by 50.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 161 shares in the last quarter. Eagle Bay Advisors LLC lifted its stake in shares of Axcelis Technologies by 3.8% during the first quarter. Eagle Bay Advisors LLC now owns 7,585 shares of the semiconductor company’s stock worth $377,000 after purchasing an additional 275 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Axcelis Technologies by 16.3% in the first quarter. Advisors Asset Management Inc. now owns 1,969 shares of the semiconductor company’s stock worth $98,000 after buying an additional 276 shares during the period. Parallel Advisors LLC grew its stake in shares of Axcelis Technologies by 129.0% in the second quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 307 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Axcelis Technologies by 160.5% during the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 358 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

ACLS opened at $88.71 on Monday. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $83.91 and its 200 day moving average price is $68.25. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $107.23. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 18.14 and a beta of 1.75.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.40. The company had revenue of $194.54 million during the quarter, compared to the consensus estimate of $185.15 million. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.Axcelis Technologies’s quarterly revenue was down 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. As a group, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Benchmark raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Thursday. DA Davidson boosted their target price on shares of Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday. B. Riley raised their price target on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Axcelis Technologies in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Axcelis Technologies has an average rating of “Hold” and a consensus target price of $98.75.

About Axcelis Technologies

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.