Analysts Set Axcelis Technologies, Inc. (NASDAQ:ACLS) Price Target at $132.20

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have received an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $132.20.

Several brokerages have recently weighed in on ACLS. Craig Hallum cut Axcelis Technologies from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research report on Friday, August 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a report on Friday, August 7th. Finally, Bank of America raised their target price on Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd.

Axcelis Technologies Price Performance

ACLS opened at $113.43 on Thursday. The firm has a 50-day moving average price of $129.64 and a 200-day moving average price of $130.43. Axcelis Technologies has a twelve month low of $73.60 and a twelve month high of $193.78. The company has a quick ratio of 3.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 3.47 and a beta of 1.86.

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

Institutional Trading of Axcelis Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its position in Axcelis Technologies by 18,338.9% during the second quarter. California State Teachers Retirement System now owns 6,715,434 shares of the semiconductor company’s stock valued at $1,272,239,000 after purchasing an additional 6,679,014 shares during the last quarter. Victory Capital Management Inc. boosted 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 valued at $145,207,000 after buying an additional 835,242 shares during the period. The Manufacturers Life Insurance Company grew its position in Axcelis Technologies by 3,402.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock worth $45,772,000 after acquiring an additional 477,705 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Axcelis Technologies by 176.6% in the third quarter. Invesco Ltd. now owns 386,735 shares of the semiconductor company’s stock worth $37,761,000 after purchasing an additional 246,939 shares during the last quarter. Finally, Balyasny Asset Management L.P. grew its holdings in Axcelis Technologies by 10,368.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 243,503 shares of the semiconductor company’s stock worth $19,563,000 after acquiring an additional 241,177 shares during the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a semiconductor equipment company that designs, manufactures and services ion implantation systems used in the production of semiconductor devices. Its equipment modifies the electrical properties of silicon wafers by implanting precisely controlled ions, an important step in manufacturing power semiconductors, memory products and other integrated circuits.

The company’s primary product family is the Purion platform, which includes systems designed for high-current, medium-current and high-energy implantation applications.