Wellington Management Group LLP Invests $13.07 Million in Axcelis Technologies, Inc. $ACLS

Wellington Management Group LLP purchased a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS) during the second quarter, Holdings Channel reports. The firm purchased 68,987 shares of the semiconductor company’s stock, valued at approximately $13,070,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. lifted its position in Axcelis Technologies by 85.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock worth $145,207,000 after purchasing an additional 835,242 shares during the period. Dimensional Fund Advisors LP increased its holdings in Axcelis Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company’s stock valued at $78,565,000 after buying an additional 3,057 shares during the period. Goldman Sachs Group Inc. increased its holdings in Axcelis Technologies by 7.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after buying an additional 44,275 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Axcelis Technologies by 3,402.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock valued at $45,772,000 after buying an additional 477,705 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Axcelis Technologies by 23.8% during the 4th quarter. Invesco Ltd. now owns 478,897 shares of the semiconductor company’s stock worth $38,475,000 after acquiring an additional 92,162 shares during the period. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Price Performance

Shares of ACLS opened at $115.08 on Tuesday. The business has a 50-day moving average of $133.55 and a 200-day moving average of $129.80. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 3.21. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 38.62, a price-to-earnings-growth ratio of 3.52 and a beta of 1.86. Axcelis Technologies, Inc. has a 1 year low of $73.60 and a 1 year high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.89 by $0.17. The business had revenue of $215.18 million for the quarter, compared to analysts’ expectations of $205.03 million. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%.The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. As a group, equities research analysts anticipate that Axcelis Technologies, Inc. will post 3.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ACLS has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Friday, August 7th. Bank of America boosted their price target on Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a report on Tuesday, June 23rd. Finally, Craig Hallum downgraded Axcelis Technologies from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $132.20.

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.