Axcelis Technologies (NASDAQ:ACLS) Upgraded to Buy at Craig Hallum

Craig Hallum upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a report published on Friday, Marketbeat reports. They currently have $140.00 price objective on the semiconductor company’s stock.

Separately, Weiss Ratings upgraded shares of Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 16th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Axcelis Technologies currently has a consensus rating of “Hold” and a consensus price target of $145.33.

Axcelis Technologies Stock Up 10.3%

Shares of NASDAQ ACLS traded up $9.24 during trading hours on Friday, hitting $99.24. The stock had a trading volume of 861,550 shares, compared to its average volume of 314,012. The firm’s 50-day moving average price is $115.62 and its two-hundred day moving average price is $122.71. Axcelis Technologies has a 52 week low of $73.60 and a 52 week high of $193.78. The company has a market capitalization of $3.06 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.91 and a beta of 1.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.21 and a current ratio of 4.90.

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

Hedge Funds Weigh In On Axcelis Technologies

Several institutional investors have recently bought and sold shares of ACLS. Wellington Management Group LLP bought a new stake in shares of Axcelis Technologies during the 2nd quarter worth about $13,070,000. The Manufacturers Life Insurance Company increased its holdings in shares of 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 valued at $45,772,000 after acquiring an additional 477,705 shares during the last quarter. Reinhart Partners LLC. increased its holdings in shares of Axcelis Technologies by 14.2% during the 3rd quarter. Reinhart Partners LLC. now owns 1,060,636 shares of the semiconductor company’s stock valued at $139,134,000 after acquiring an additional 131,976 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Axcelis Technologies in the 1st quarter valued at approximately $1,004,000. Finally, Segall Bryant & Hamill LLC raised its stake in shares of Axcelis Technologies by 96.1% in the 1st quarter. Segall Bryant & Hamill LLC now owns 200,371 shares of the semiconductor company’s stock valued at $18,651,000 after acquiring an additional 98,184 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

More Axcelis Technologies News

Here are the key news stories impacting Axcelis Technologies this week:

• Positive Sentiment: Third-quarter earnings beat expectations: non-GAAP EPS was $1.26 versus a $1.11 consensus, while revenue of $237.8 million topped estimates of about $230 million and rose 11.3% year over year. Axcelis Announces Financial Results for Third Quarter 2026
• Positive Sentiment: Axcelis forecast fourth-quarter revenue of $275 million and EPS of $1.50, both well above analyst estimates of roughly $239 million and $1.18, respectively. The upbeat outlook is a key reason for the positive investor reaction. Axcelis expects about $275M Q4 revenue
• Positive Sentiment: Craig Hallum upgraded ACLS from Hold to Buy and set a $140 price target, signaling improved analyst sentiment. Craig Hallum upgrades Axcelis
• Neutral Sentiment: Axcelis said it is targeting completion of its Veeco merger by the end of the first quarter of 2027; the transaction’s eventual impact will depend on closing and integration. Merger timing and Q4 outlook
• Negative Sentiment: B. Riley reaffirmed its Buy rating but cut its price target to $140 from $165, tempering the bullish signal despite the target remaining above the current share price. B. Riley reaffirms Buy and lowers target

Axcelis Technologies Company Profile

Axcelis Technologies, Inc develops and manufactures equipment used in the fabrication of semiconductor devices. The company is best known for its ion implantation systems, which precisely introduce dopant atoms into silicon wafers to control the electrical properties of semiconductor components.

Its product portfolio includes the Purion family of ion implantation systems, designed for applications such as high-current, medium-current and high-energy implantation. Axcelis also provides related aftermarket products and services, including spare parts, equipment upgrades, process support and customer training.

Headquartered in Beverly, Massachusetts, Axcelis serves semiconductor manufacturers and other customers in major chip-production regions worldwide.