Axcelis Technologies, Inc. (NASDAQ:ACLS) Given Average Rating of "Hold" by Brokerages

Key Points

• Axcelis Technologies has a consensus “Hold” rating from seven analysts, with three buys, three holds and one sell; the average 12-month price target is $132.20.
• The company reported quarterly EPS of $1.06, beating estimates of $0.89, while revenue rose 10.6% year over year to $215.18 million and exceeded expectations.
• Insiders sold 15,353 shares worth approximately $2.26 million over the past 90 days, while institutional investors own 89.98% of ACLS shares.

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $132.20.

ACLS has been the topic of several analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Axcelis Technologies in a report on Friday, August 7th. Zacks Research raised shares of Axcelis Technologies from a "strong sell" rating to a "hold" rating in a report on Monday, April 20th. Bank of America increased their price target on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an "underperform" rating in a report on Tuesday, June 23rd. B. Riley Financial raised Axcelis Technologies from a "neutral" rating to a "buy" rating and set a $150.00 price objective on the stock in a report on Monday, April 20th. Finally, Craig Hallum cut Axcelis Technologies from a "buy" rating to a "hold" rating and set a $140.00 target price on the stock. in a research report on Friday, August 7th.

Insiders Place Their Bets

In related news, VP Todd Sutton sold 2,000 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total value of $319,980.00. Following the sale, the vice president directly owned 6,360 shares in the company, valued at $1,017,536.40. The trade was a 23.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher Tatnall sold 1,166 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $149.75, for a total value of $174,608.50. Following the completion of the sale, the executive vice president owned 27,627 shares in the company, valued at approximately $4,137,143.25. This trade represents a 4.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 15,353 shares of company stock worth $2,258,886. Corporate insiders own 0.49% of the company's stock.

Institutional Investors Weigh In On Axcelis Technologies

Several institutional investors have recently made changes to their positions in ACLS. Ancora Advisors LLC purchased a new position in shares of Axcelis Technologies in the 2nd quarter valued at about $95,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Axcelis Technologies in the second quarter valued at about $4,547,000. Globeflex Capital L P purchased a new stake in Axcelis Technologies during the second quarter worth about $7,419,000. Great Lakes Advisors LLC acquired a new position in Axcelis Technologies during the second quarter worth about $5,978,000. Finally, Bank of New York Mellon Corp acquired a new position in Axcelis Technologies during the second quarter worth about $38,830,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $140.15 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 3.21. The stock has a fifty day moving average price of $150.78 and a 200 day moving average price of $125.94. Axcelis Technologies has a 1-year low of $73.60 and a 1-year high of $193.78. The company has a market cap of $4.33 billion, a PE ratio of 47.03, a P/E/G ratio of 4.52 and a beta of 1.92.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.17. The company had revenue of $215.18 million for the quarter, compared to analysts' expectations of $205.03 million. Axcelis Technologies had a net margin of 10.71% and a return on equity of 11.69%. Axcelis Technologies's revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.13 EPS. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. Sell-side analysts forecast that Axcelis Technologies will post 3.21 EPS for the current year.

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.

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