Axcelis Technologies (NASDAQ:ACLS) Price Target Raised to $156.00

Axcelis Technologies (NASDAQ:ACLS) had its target price boosted by analysts at Bank of America from $130.00 to $156.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “underperform” rating on the semiconductor company’s stock. Bank of America‘s price target suggests a potential downside of 15.18% from the stock’s current price.

ACLS has been the subject of several other research reports. Zacks Research raised Axcelis Technologies from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. B. Riley Financial raised shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price objective for the company in a report on Monday, April 20th. Finally, Weiss Ratings cut shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $130.25.

Axcelis Technologies Stock Down 1.9%

ACLS opened at $183.92 on Tuesday. Axcelis Technologies has a fifty-two week low of $65.00 and a fifty-two week high of $193.78. The firm has a market capitalization of $5.65 billion, a P/E ratio of 57.30, a PEG ratio of 13.28 and a beta of 1.91. The company’s 50-day moving average is $152.07 and its 200 day moving average is $110.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.59 and a quick ratio of 2.99.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.01. The business had revenue of $198.96 million for the quarter, compared to analysts’ expectations of $195.03 million. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 earnings per share. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Research analysts expect that Axcelis Technologies will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Todd Sutton sold 2,574 shares of Axcelis Technologies stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $163.89, for a total value of $421,852.86. Following the transaction, the vice president owned 7,817 shares in the company, valued at approximately $1,281,128.13. The trade was a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregory B. Graves sold 3,225 shares of Axcelis Technologies stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $141.61, for a total value of $456,692.25. Following the completion of the transaction, the director directly owned 5,473 shares in the company, valued at $775,031.53. This trade represents a 37.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,039 shares of company stock worth $5,461,394 over the last 90 days. Insiders own 0.49% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in Axcelis Technologies by 22.0% in the first quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company’s stock worth $62,000 after buying an additional 120 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Axcelis Technologies by 29.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 585 shares of the semiconductor company’s stock worth $57,000 after acquiring an additional 134 shares during the period. Larson Financial Group LLC raised its position in shares of Axcelis Technologies by 17.8% in the 4th quarter. Larson Financial Group LLC now owns 933 shares of the semiconductor company’s stock worth $75,000 after acquiring an additional 141 shares in the last quarter. CWM LLC raised its position in shares of Axcelis Technologies by 5.8% in the 4th quarter. CWM LLC now owns 2,623 shares of the semiconductor company’s stock worth $211,000 after acquiring an additional 143 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in shares of Axcelis Technologies by 0.5% in the 1st quarter. Empowered Funds LLC now owns 39,087 shares of the semiconductor company’s stock valued at $3,638,000 after purchasing an additional 199 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Company Profile

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.