Axcelis Technologies (NASDAQ:ACLS) Shares Gap Down - Should You Sell?

Key Points

• Axcelis Technologies shares gapped down from a closing price of $97.64 to open at $93.54, last trading at $90.13 with a volume of 346,675 shares.
• Brokerage firms have varying ratings on Axcelis Technologies, with B. Riley raising its target price to $75.00 and DA Davidson to $90.00, while the consensus target price remains at $90.00.
• The company reported a net margin of 17.69% and a year-over-year revenue decline of 24.2%, with earnings per share of $1.13 exceeding analysts' expectations of $0.73.

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $97.64, but opened at $93.54. Axcelis Technologies shares last traded at $90.13, with a volume of 346,675 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ACLS. B. Riley boosted their target price on shares of 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 boosted their target price on shares of Axcelis Technologies from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $90.00.

Axcelis Technologies Stock Performance

The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 18.76 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01. The stock's 50-day simple moving average is $82.79 and its two-hundred day simple moving average is $67.45.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Osaic Holdings Inc. raised its position in shares of Axcelis Technologies by 36.2% during the second quarter. Osaic Holdings Inc. now owns 2,748 shares of the semiconductor company's stock valued at $191,000 after buying an additional 730 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Axcelis Technologies by 37.0% during the second quarter. Squarepoint Ops LLC now owns 100,023 shares of the semiconductor company's stock valued at $6,971,000 after buying an additional 27,021 shares during the last quarter. Public Sector Pension Investment Board raised its position in shares of Axcelis Technologies by 6.3% during the second quarter. Public Sector Pension Investment Board now owns 109,575 shares of the semiconductor company's stock valued at $7,636,000 after buying an additional 6,508 shares during the last quarter. Headlands Technologies LLC raised its position in Axcelis Technologies by 918.3% in the second quarter. Headlands Technologies LLC now owns 5,550 shares of the semiconductor company's stock worth $387,000 after purchasing an additional 5,005 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Axcelis Technologies by 86.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,145 shares of the semiconductor company's stock worth $289,000 after purchasing an additional 1,927 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

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.

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