Axcelis Technologies (NASDAQ:ACLS) Stock Price Expected to Rise, Bank of America Analyst Says

Axcelis Technologies (NASDAQ:ACLS) had its target price raised by Bank of America from $90.00 to $100.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “underperform” rating on the semiconductor company’s stock. Bank of America‘s price target indicates a potential upside of 7.27% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on ACLS. Wall Street Zen cut Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. B. Riley reduced their price target on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. DA Davidson increased their price objective on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Finally, Benchmark raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $99.75.

Axcelis Technologies Trading Down 3.9%

Shares of Axcelis Technologies stock opened at $93.22 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.95 and a quick ratio of 3.32. The business has a fifty day simple moving average of $85.01 and a two-hundred day simple moving average of $82.58. Axcelis Technologies has a 1 year low of $40.40 and a 1 year high of $102.93. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.04 and a beta of 1.73.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.20. The company had revenue of $213.61 million for the quarter, compared to analyst estimates of $200.06 million. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The company’s revenue was down 16.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.49 earnings per share. Axcelis Technologies has set its Q4 2025 guidance at 1.120-1.120 EPS. Research analysts forecast that Axcelis Technologies will post 2.55 EPS for the current year.

Insider Activity at Axcelis Technologies

In related news, Director Jorge Titinger sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $86.05, for a total transaction of $172,100.00. Following the completion of the sale, the director directly owned 7,477 shares in the company, valued at $643,395.85. This represents a 21.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gerald M. Blumenstock sold 3,034 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $89.46, for a total transaction of $271,421.64. Following the completion of the sale, the executive vice president owned 18,661 shares in the company, valued at $1,669,413.06. This represents a 13.98% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.48% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Axcelis Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in Axcelis Technologies in the 3rd quarter worth about $25,000. Close Asset Management Ltd acquired a new position in shares of Axcelis Technologies in the third quarter valued at approximately $27,000. Advisory Services Network LLC bought a new position in Axcelis Technologies in the 3rd quarter valued at approximately $32,000. Caitlin John LLC bought a new position in Axcelis Technologies in the 3rd quarter valued at approximately $32,000. Finally, EverSource Wealth Advisors LLC boosted its position in Axcelis Technologies by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after buying an additional 267 shares during the period. Institutional investors own 89.98% of the company’s stock.

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.