Reinhart Partners LLC. Boosts Stock Holdings in Axcelis Technologies, Inc. $ACLS

Reinhart Partners LLC. lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 1,518,544 shares of the semiconductor company’s stock after purchasing an additional 77,522 shares during the quarter. Axcelis Technologies makes up approximately 3.6% of Reinhart Partners LLC.’s portfolio, making the stock its 7th largest holding. Reinhart Partners LLC.’s holdings in Axcelis Technologies were worth $105,828,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB grew its stake in Axcelis Technologies by 50.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 161 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Axcelis Technologies by 129.0% during the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 307 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Axcelis Technologies by 31.8% during the 1st quarter. Voya Investment Management LLC now owns 27,384 shares of the semiconductor company’s stock valued at $1,360,000 after purchasing an additional 6,610 shares in the last quarter. Rhumbline Advisers boosted its holdings in Axcelis Technologies by 6.4% in the first quarter. Rhumbline Advisers now owns 96,647 shares of the semiconductor company’s stock worth $4,800,000 after purchasing an additional 5,805 shares in the last quarter. Finally, Focus Partners Wealth increased its position in Axcelis Technologies by 153.7% during the first quarter. Focus Partners Wealth now owns 36,430 shares of the semiconductor company’s stock worth $1,809,000 after buying an additional 22,073 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ACLS. DA Davidson upped their price target on Axcelis Technologies from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. B. Riley boosted their price objective on shares of Axcelis Technologies from $58.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Axcelis Technologies presently has an average rating of “Hold” and a consensus price target of $90.00.

Axcelis Technologies Stock Up 2.9%

NASDAQ ACLS opened at $89.81 on Wednesday. Axcelis Technologies, Inc. has a 1-year low of $40.40 and a 1-year high of $110.17. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 18.37 and a beta of 1.73. The stock’s 50 day moving average is $78.06 and its two-hundred day moving average is $64.77. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.73 by $0.40. The business had revenue of $194.54 million during the quarter, compared to the consensus estimate of $185.15 million. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.Axcelis Technologies’s revenue was down 24.2% on a year-over-year basis. During the same quarter last year, the company earned $1.55 EPS. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. Equities analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.