Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Average Recommendation of “Hold” by Analysts

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have been given an average rating of “Hold” by the six analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $130.25.

Several research firms recently commented on ACLS. B. Riley Financial upgraded Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target for the company in a research report on Monday, April 20th. Bank of America increased their target price on Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, May 12th.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, EVP Greg Redinbo sold 2,883 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $160.85, for a total transaction of $463,730.55. Following the transaction, the executive vice president directly owned 29,823 shares in the company, valued at $4,797,029.55. This trade represents a 8.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Todd Sutton sold 2,574 shares of Axcelis Technologies stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $163.89, for a total value of $421,852.86. Following the sale, the vice president directly owned 7,817 shares of the company’s stock, valued at approximately $1,281,128.13. This trade represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 34,795 shares of company stock valued at $5,344,383. 0.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB raised its holdings in shares of Axcelis Technologies by 14.8% in the second quarter. Handelsbanken Fonder AB now owns 9,300 shares of the semiconductor company’s stock valued at $1,762,000 after acquiring an additional 1,200 shares in the last quarter. Franklin Street Advisors Inc. NC purchased a new stake in Axcelis Technologies in the second quarter worth about $214,000. Tactive Advisors LLC bought a new position in Axcelis Technologies during the 2nd quarter worth about $394,000. Central Pacific Bank Trust Division bought a new position in Axcelis Technologies during the 2nd quarter worth about $713,000. Finally, KERR FINANCIAL PLANNING Corp increased its position in Axcelis Technologies by 3.5% during the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 2,225 shares of the semiconductor company’s stock valued at $422,000 after purchasing an additional 75 shares during the period. Institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Stock Up 8.7%

Shares of ACLS stock opened at $143.21 on Wednesday. The company’s fifty day simple moving average is $158.36 and its two-hundred day simple moving average is $120.85. Axcelis Technologies has a 52 week low of $65.64 and a 52 week high of $193.78. The stock has a market cap of $4.40 billion, a P/E ratio of 44.61, a PEG ratio of 9.32 and a beta of 1.88. The company has a quick ratio of 2.99, a current ratio of 4.59 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. Axcelis Technologies had a return on equity of 12.19% and a net margin of 11.93%.The firm had revenue of $198.96 million during the quarter, compared to analyst estimates of $195.03 million. During the same quarter last year, the business posted $0.88 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. Analysts predict 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.