Axcelis Technologies (NASDAQ:ACLS) Price Target Raised to $110.00 at DA Davidson

Key Points

• DA Davidson has raised Axcelis Technologies' price target from $90.00 to $110.00, indicating a potential upside of 17.21% based on the stock's previous close.
• Axcelis reported a net margin of 17.69% and quarterly earnings of $1.13 per share, exceeding analysts' expectations of $0.73.
• Consensus ratings for the stock currently indicate a "Moderate Buy" with a target price of $98.75, as three analysts rate it as a Buy and three as Hold.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) had its price objective raised by DA Davidson from $90.00 to $110.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. DA Davidson's price objective would suggest a potential upside of 17.21% from the stock's previous close.

Other equities research analysts have also issued research reports about the stock. B. Riley boosted their price target on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. Benchmark upgraded shares of Axcelis Technologies from a "hold" rating to a "buy" rating and set a $105.00 price objective on the stock in a research note on Thursday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $98.75.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS traded down $0.92 during midday trading on Thursday, reaching $93.85. The company's stock had a trading volume of 525,239 shares, compared to its average volume of 619,356. 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 company has a 50 day moving average price of $83.19 and a 200 day moving average price of $67.64. Axcelis Technologies has a one year low of $40.40 and a one year high of $107.23. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 19.18 and a beta of 1.75.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.40. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The business had revenue of $194.54 million for the quarter, compared to analyst estimates of $185.15 million. During the same quarter in the previous year, the business earned $1.55 earnings per share. The firm's revenue was down 24.2% compared to the same quarter last year. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. On average, equities research analysts expect that Axcelis Technologies will post 2.55 EPS for the current year.

Institutional Trading of Axcelis Technologies

Large investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its holdings in shares of Axcelis Technologies by 118.7% during the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after buying an additional 317 shares during the period. Fifth Third Bancorp boosted its holdings in shares of Axcelis Technologies by 160.5% during the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after buying an additional 358 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Axcelis Technologies by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company's stock worth $31,000 after buying an additional 267 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Axcelis Technologies by 50.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company's stock worth $34,000 after buying an additional 161 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in shares of Axcelis Technologies during the 1st quarter worth $38,000. 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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