Axcelis Technologies (NASDAQ:ACLS) Given Hold (C) Rating at Weiss Ratings

Key Points

• Axcelis Technologies' stock rating has been reiterated as "hold (c)" by Weiss Ratings, with a consensus rating of "Hold" and an average price target of $98.75.
• The company reported earnings of $1.13 per share for the last quarter, significantly beating the consensus estimate of $0.73, although revenue fell by 24.2% year-over-year.
• Institutional investors hold 89.98% of Axcelis Technologies' stock, with several firms significantly increasing their stakes recently.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report)'s stock had its "hold (c)" rating reiterated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also weighed in on ACLS. Zacks Research lowered Axcelis Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday. Benchmark upgraded Axcelis Technologies from a "hold" rating to a "buy" rating and set a $105.00 price target on the stock in a research report on Thursday, October 2nd. DA Davidson boosted their target price on Axcelis Technologies from $90.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, October 2nd. Finally, B. Riley boosted their target price on Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a report on Wednesday, June 18th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $98.75.

Axcelis Technologies Trading Up 1.0%

Shares of ACLS traded up $0.81 during mid-day trading on Wednesday, hitting $84.47. 1,017,095 shares of the company's stock traded hands, compared to its average volume of 630,195. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 1 year low of $40.40 and a 1 year high of $107.23. The firm has a market capitalization of $2.65 billion, a P/E ratio of 17.27 and a beta of 1.75. The business's 50-day moving average price is $84.36 and its 200-day moving average price is $68.58.

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

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Axcelis Technologies in the 4th quarter valued at approximately $298,000. GAMMA Investing LLC lifted its stake in shares of Axcelis Technologies by 9,286.1% in the 1st quarter. GAMMA Investing LLC now owns 78,280 shares of the semiconductor company's stock valued at $3,888,000 after purchasing an additional 77,446 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Axcelis Technologies by 6.4% in the 1st quarter. Rhumbline Advisers now owns 96,647 shares of the semiconductor company's stock valued at $4,800,000 after purchasing an additional 5,805 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Axcelis Technologies by 10.1% in the 1st quarter. SG Americas Securities LLC now owns 8,404 shares of the semiconductor company's stock valued at $417,000 after purchasing an additional 774 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Axcelis Technologies by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 358 shares during the last quarter. 89.98% of the stock is owned by institutional investors.

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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