Axcelis Technologies (NASDAQ:ACLS) Downgraded by Zacks Research to "Hold"

Key Points

• Axcelis Technologies has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, reflecting a cautious outlook amidst fluctuating analyst opinions.
• Despite the downgrade, other brokerages like Benchmark and DA Davidson have recently issued "buy" ratings, with target prices ranging significantly from $75.00 to $110.00, indicating a mixed consensus on the stock's future.
• Shares of Axcelis Technologies have been trading lower, currently at $83.66, which is well below its 12-month high of $107.23 amid a challenging market for semiconductor companies.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on ACLS. Benchmark raised Axcelis Technologies from a "hold" rating to a "buy" rating and set a $105.00 target price on the stock in a research note on Thursday, October 2nd. B. Riley lifted their target price on Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. DA Davidson lifted their target price on Axcelis Technologies from $90.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Axcelis Technologies in a research note on Saturday, September 27th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $98.75.

Axcelis Technologies Trading Down 4.6%

Shares of NASDAQ ACLS opened at $83.66 on Monday. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 17.11 and a beta of 1.75. Axcelis Technologies has a 12-month low of $40.40 and a 12-month high of $107.23. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04. The stock's 50 day simple moving average is $84.36 and its 200 day simple moving average is $68.58.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.40. The business had revenue of $194.54 million for the quarter, compared to the consensus estimate of $185.15 million. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The business's revenue was down 24.2% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. Equities research analysts expect that Axcelis Technologies will post 2.55 EPS for the current year.

Hedge Funds Weigh In On Axcelis Technologies

Several hedge funds have recently modified their holdings of ACLS. MassMutual Private Wealth & Trust FSB grew its stake in shares of Axcelis Technologies by 50.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 161 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 267 shares in the last quarter. Eagle Bay Advisors LLC boosted its holdings in shares of Axcelis Technologies by 3.8% in the 1st quarter. Eagle Bay Advisors LLC now owns 7,585 shares of the semiconductor company's stock worth $377,000 after acquiring an additional 275 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Axcelis Technologies by 16.3% in the 1st quarter. Advisors Asset Management Inc. now owns 1,969 shares of the semiconductor company's stock worth $98,000 after acquiring an additional 276 shares in the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Axcelis Technologies by 129.0% in the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company's stock worth $38,000 after acquiring an additional 307 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

About Axcelis Technologies

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.

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