Axcelis Technologies' (ACLS) Neutral Rating Reaffirmed at B. Riley

B. Riley reaffirmed their neutral rating on shares of Axcelis Technologies (NASDAQ:ACLS - Free Report) in a research note issued to investors on Monday, MarketBeat Ratings reports. B. Riley currently has a $50.00 price target on the semiconductor company's stock, down from their prior price target of $80.00. B. Riley also issued estimates for Axcelis Technologies' Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.58 EPS, FY2025 earnings at $2.07 EPS, Q1 2026 earnings at $0.59 EPS, Q2 2026 earnings at $0.72 EPS, Q3 2026 earnings at $0.83 EPS, Q4 2026 earnings at $0.95 EPS and FY2026 earnings at $3.09 EPS.

A number of other equities research analysts have also commented on the company. Craig Hallum cut their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. William Blair downgraded shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $131.00.

Axcelis Technologies Stock Performance

Shares of NASDAQ ACLS traded up $0.94 during midday trading on Monday, reaching $49.84. The company had a trading volume of 325,957 shares, compared to its average volume of 637,602. Axcelis Technologies has a 1 year low of $40.40 and a 1 year high of $158.61. The business's 50-day simple moving average is $52.99 and its 200 day simple moving average is $68.29. The company has a current ratio of 5.41, a quick ratio of 4.05 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.60 billion, a P/E ratio of 8.10, a P/E/G ratio of 4.52 and a beta of 1.59.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 21.02% and a net margin of 19.75%. On average, analysts forecast that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

Axcelis Technologies announced that its Board of Directors has approved a share repurchase program on Wednesday, March 12th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Axcelis Technologies

Several large investors have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after buying an additional 173 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Axcelis Technologies by 118.7% in the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 317 shares in the last quarter. Fifth Third Bancorp raised its holdings in Axcelis Technologies by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 358 shares during the period. Avior Wealth Management LLC boosted its position in Axcelis Technologies by 1,153.8% during the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 450 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in Axcelis Technologies by 1,415.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 467 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.