Axcelis Technologies (NASDAQ:ACLS) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Axcelis Technologies from Hold to Buy, while Craig Hallum also raised its rating to Buy with a $140 price target. Overall, analysts’ average rating remains Hold, with an average target of $145.33.
• Axcelis beat third-quarter estimates, reporting EPS of $1.26 versus $1.11 expected and revenue of $237.8 million versus about $230 million; revenue increased 11.3% year over year.
• The company forecast fourth-quarter EPS of $1.50 and revenue of $275 million, above analyst expectations. B. Riley maintained its Buy rating but lowered its price target to $140 from $165.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other research firms have also recently commented on ACLS. B. Riley Financial restated a "buy" rating and issued a $140.00 target price (down from $165.00) on shares of Axcelis Technologies in a research report on Friday. Craig Hallum raised shares of Axcelis Technologies from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Friday. Finally, Weiss Ratings raised shares of Axcelis Technologies from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, October 16th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $145.33.

Axcelis Technologies Price Performance

Axcelis Technologies stock opened at $99.24 on Friday. The business has a 50-day moving average of $115.62 and a 200-day moving average of $122.71. Axcelis Technologies has a 1 year low of $73.60 and a 1 year high of $193.78. The firm has a market capitalization of $3.06 billion, a P/E ratio of 24.33, a PEG ratio of 2.91 and a beta of 1.88. The company has a current ratio of 4.90, a quick ratio of 3.21 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.15. The business had revenue of $237.78 million for the quarter, compared to analysts' expectations of $230.08 million. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. Axcelis Technologies has set its Q4 2026 guidance at 1.500-1.500 EPS. On average, equities analysts anticipate that Axcelis Technologies will post 3.39 EPS for the current year.

Institutional Trading of Axcelis Technologies

A number of institutional investors have recently bought and sold shares of ACLS. Heritage Family Offices LLP purchased a new stake in Axcelis Technologies in the 3rd quarter valued at approximately $60,000. Parallel Advisors LLC lifted its position in Axcelis Technologies by 22.0% during the first quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 120 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in Axcelis Technologies by 25.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 598 shares of the semiconductor company's stock worth $78,000 after acquiring an additional 123 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Axcelis Technologies during the second quarter worth approximately $82,000. Finally, Ancora Advisors LLC bought a new position in shares of Axcelis Technologies during the 2nd quarter valued at $95,000. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Key Axcelis Technologies News

Here are the key news stories impacting Axcelis Technologies this week:

• Positive Sentiment: Third-quarter earnings beat expectations: non-GAAP EPS was $1.26 versus a $1.11 consensus, while revenue of $237.8 million topped estimates of about $230 million and rose 11.3% year over year. Axcelis Announces Financial Results for Third Quarter 2026
• Positive Sentiment: Axcelis forecast fourth-quarter revenue of $275 million and EPS of $1.50, both well above analyst estimates of roughly $239 million and $1.18, respectively. The upbeat outlook is a key reason for the positive investor reaction. Axcelis expects about $275M Q4 revenue
• Positive Sentiment: Craig Hallum upgraded ACLS from Hold to Buy and set a $140 price target, signaling improved analyst sentiment. Craig Hallum upgrades Axcelis
• Neutral Sentiment: Axcelis said it is targeting completion of its Veeco merger by the end of the first quarter of 2027; the transaction’s eventual impact will depend on closing and integration. Merger timing and Q4 outlook
• Negative Sentiment: B. Riley reaffirmed its Buy rating but cut its price target to $140 from $165, tempering the bullish signal despite the target remaining above the current share price. B. Riley reaffirms Buy and lowers target

Axcelis Technologies Company Profile

Axcelis Technologies, Inc develops and manufactures equipment used in the fabrication of semiconductor devices. The company is best known for its ion implantation systems, which precisely introduce dopant atoms into silicon wafers to control the electrical properties of semiconductor components.

Its product portfolio includes the Purion family of ion implantation systems, designed for applications such as high-current, medium-current and high-energy implantation. Axcelis also provides related aftermarket products and services, including spare parts, equipment upgrades, process support and customer training.

Headquartered in Beverly, Massachusetts, Axcelis serves semiconductor manufacturers and other customers in major chip-production regions worldwide.

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