Fifth Third Bancorp Raises Holdings in Axcelis Technologies, Inc. $ACLS

Fifth Third Bancorp grew its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 2,290.2% in the first quarter, Holdings Channel reports. The firm owned 9,059 shares of the semiconductor company’s stock after buying an additional 8,680 shares during the quarter. Fifth Third Bancorp’s holdings in Axcelis Technologies were worth $843,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. REAP Financial Group LLC purchased a new position in shares of Axcelis Technologies in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Axcelis Technologies by 145.1% during the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 267 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Axcelis Technologies during the third quarter valued at $32,000. Leonteq Securities AG bought a new stake in Axcelis Technologies in the 4th quarter worth about $40,000. Finally, Clearstead Advisors LLC increased its holdings in Axcelis Technologies by 197.1% in the 4th quarter. Clearstead Advisors LLC now owns 719 shares of the semiconductor company’s stock worth $58,000 after buying an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Analysts Set New Price Targets

ACLS has been the subject of a number of recent analyst reports. B. Riley Financial raised Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 target price for the company in a research report on Monday, April 20th. Weiss Ratings lowered shares of Axcelis Technologies from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, May 12th. Zacks Research upgraded shares of Axcelis Technologies from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Bank of America boosted 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. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $130.25.

Axcelis Technologies Stock Performance

Axcelis Technologies stock opened at $134.10 on Monday. The firm has a 50 day moving average of $157.13 and a 200 day moving average of $121.99. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 41.78, a P/E/G ratio of 9.49 and a beta of 1.88. Axcelis Technologies, Inc. has a 12-month low of $65.64 and a 12-month high of $193.78. The company has a current ratio of 4.59, a quick ratio of 2.99 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. Axcelis Technologies had a net margin of 11.93% and a return on equity of 12.19%. The company had revenue of $198.96 million for the quarter, compared to analysts’ expectations of $195.03 million. During the same quarter last year, the business earned $0.88 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Axcelis Technologies has set its Q2 2026 guidance at 0.900- EPS. As a group, research analysts predict that Axcelis Technologies, Inc. will post 3.21 earnings per share for the current year.

Insider Activity

In related news, EVP Eileen Evans sold 926 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $155.51, for a total value of $144,002.26. Following the completion of the transaction, the executive vice president owned 31,295 shares of the company’s stock, valued at approximately $4,866,685.45. This represents a 2.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Necip Sayiner sold 1,586 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $157.44, for a total value of $249,699.84. Following the completion of the sale, the director owned 7,112 shares of the company’s stock, valued at $1,119,713.28. The trade was a 18.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 34,795 shares of company stock worth $5,344,383. 0.49% of the stock is currently owned by insiders.

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.