Axcelis Technologies (NASDAQ:ACLS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a research report sent to investors on Saturday,Wall Street Zen reports.

A number of other equities research analysts have also recently commented on ACLS. Craig Hallum upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Friday. B. Riley Financial reissued a “buy” rating and issued a $140.00 price target (down from $165.00) on shares of Axcelis Technologies in a report on Friday. Finally, Weiss Ratings upgraded Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $145.33.

Axcelis Technologies Price Performance

NASDAQ ACLS opened at $107.64 on Friday. The firm’s fifty day simple moving average is $115.46 and its two-hundred day simple moving average is $122.78. The firm has a market capitalization of $3.32 billion, a P/E ratio of 23.57, a P/E/G ratio of 2.81 and a beta of 1.88. The company has a current ratio of 4.90, a quick ratio of 3.21 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 12-month low of $73.60 and a 12-month high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. The firm had revenue of $237.78 million during the quarter, compared to analyst estimates of $230.08 million. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 EPS. Axcelis Technologies has set its Q4 2026 guidance at 1.500-1.500 EPS. Analysts forecast that Axcelis Technologies will post 3.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ACLS. Reinhart Partners LLC. lifted its stake in shares of Axcelis Technologies by 14.2% in the 3rd quarter. Reinhart Partners LLC. now owns 1,060,636 shares of the semiconductor company’s stock valued at $139,134,000 after purchasing an additional 131,976 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 3,057 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake 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 purchasing an additional 477,705 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Axcelis Technologies in the 2nd quarter valued at about $38,830,000. Finally, Principal Financial Group Inc. raised its holdings in Axcelis Technologies by 5.1% in the 1st quarter. Principal Financial Group Inc. now owns 210,202 shares of the semiconductor company’s stock worth $19,566,000 after purchasing an additional 10,177 shares during the period. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

About Axcelis Technologies