Brokerages Set Axcelis Technologies, Inc. (NASDAQ:ACLS) PT at $132.20

Axcelis Technologies, Inc. (NASDAQ:ACLS) has been given an average rating of “Hold” by the seven analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $132.20.

Several equities research analysts have issued reports on the company. Craig Hallum downgraded Axcelis Technologies from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a report on Friday, August 7th. Bank of America upped their price objective on shares of Axcelis Technologies from $130.00 to $156.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Friday, August 7th.

Insider Activity at Axcelis Technologies

In related news, VP Todd Sutton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $159.99, for a total value of $319,980.00. Following the transaction, the vice president owned 6,360 shares in the company, valued at approximately $1,017,536.40. This represents a 23.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gerald M. Blumenstock sold 1,161 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $152.70, for a total transaction of $177,284.70. Following the completion of the transaction, the executive vice president directly owned 20,493 shares in the company, valued at approximately $3,129,281.10. This represents a 5.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,673 shares of company stock worth $890,967 in the last quarter. Corporate insiders own 0.49% of the company’s stock.

Institutional Trading of Axcelis Technologies

Several hedge funds have recently added to or reduced their stakes in ACLS. UBS Group AG raised its holdings in shares of Axcelis Technologies by 67.6% during the fourth quarter. UBS Group AG now owns 213,388 shares of the semiconductor company’s stock valued at $17,144,000 after acquiring an additional 86,065 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Axcelis Technologies by 3,402.5% in the first 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 in the last quarter. Peterson Wealth Services boosted its stake in shares of Axcelis Technologies by 1,750.8% in the fourth quarter. Peterson Wealth Services now owns 7,403 shares of the semiconductor company’s stock worth $595,000 after acquiring an additional 7,003 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Axcelis Technologies in the first quarter worth approximately $1,004,000. Finally, ABN Amro Investment Solutions increased its position in shares of Axcelis Technologies by 42.6% during the fourth quarter. ABN Amro Investment Solutions now owns 24,798 shares of the semiconductor company’s stock worth $1,992,000 after purchasing an additional 7,408 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $135.39 on Friday. Axcelis Technologies has a 12 month low of $73.60 and a 12 month high of $193.78. The firm has a fifty day simple moving average of $149.98 and a 200 day simple moving average of $126.89. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 45.43, a PEG ratio of 4.51 and a beta of 1.92. 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 (NASDAQ:ACLS) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. Axcelis Technologies had a net margin of 10.71% and a return on equity of 11.69%. The firm had revenue of $215.18 million for the quarter, compared to analysts’ expectations of $205.03 million. During the same period in the previous year, the firm posted $1.13 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. Research analysts forecast that Axcelis Technologies will post 3.21 EPS for the current fiscal year.

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.