B. Riley Forecasts Strong Price Appreciation for Axcelis Technologies (NASDAQ:ACLS) Stock

Axcelis Technologies (NASDAQ:ACLS) had its price objective boosted by analysts at B. Riley from $84.00 to $94.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. B. Riley’s price objective suggests a potential downside of 1.01% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. Bank of America raised their price target on shares of Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 13th. Benchmark raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Thursday, October 2nd. Wall Street Zen lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, DA Davidson raised their target price on shares of Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $102.25.

Axcelis Technologies Stock Up 1.6%

Shares of ACLS opened at $94.96 on Wednesday. The firm has a market cap of $2.92 billion, a P/E ratio of 22.45 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.32 and a current ratio of 4.95. Axcelis Technologies has a 52 week low of $40.40 and a 52 week high of $102.93. The firm’s 50-day simple moving average is $86.02 and its 200 day simple moving average is $83.40.

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

Insider Activity at Axcelis Technologies

In other Axcelis Technologies 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gerald M. Blumenstock sold 3,034 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $89.46, for a total value of $271,421.64. Following the completion of the sale, the executive vice president directly owned 18,661 shares in the company, valued at approximately $1,669,413.06. This represents a 13.98% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

Institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its stake in Axcelis Technologies by 45.5% in the second quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock valued at $115,648,000 after buying an additional 518,968 shares in the last quarter. Reinhart Partners LLC. lifted its holdings in shares of Axcelis Technologies by 6.0% in the third quarter. Reinhart Partners LLC. now owns 1,610,332 shares of the semiconductor company’s stock worth $157,234,000 after acquiring an additional 91,788 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Axcelis Technologies by 9.6% in the 3rd quarter. Victory Capital Management Inc. now owns 972,162 shares of the semiconductor company’s stock valued at $90,243,000 after purchasing an additional 85,407 shares in the last quarter. Primecap Management Co. CA boosted its stake in shares of Axcelis Technologies by 2.1% in the 2nd quarter. Primecap Management Co. CA now owns 852,296 shares of the semiconductor company’s stock valued at $59,397,000 after purchasing an additional 17,230 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in shares of Axcelis Technologies by 2.4% during the 2nd quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company’s stock valued at $58,952,000 after purchasing an additional 19,579 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Company Profile

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.