Axcelis Technologies, Inc. (NASDAQ:ACLS) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Axcelis Technologies has a consensus “Hold” rating from five analysts: three holds, one sell and one buy. The average 12-month price target is $148.67.
• Institutional investors own approximately 89.98% of the company, with several major funds increasing their positions, including Reinhart Partners and Principal Financial Group.
• ACLS opened at $112.02, down 1.5%, while its latest quarterly results exceeded expectations with EPS of $1.06 versus $0.89 forecast and revenue of $215.18 million.

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) has earned an average recommendation of "Hold" from the five research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $148.67.

Several brokerages have recently weighed in on ACLS. Craig Hallum downgraded Axcelis Technologies from a "buy" rating to a "hold" rating and set a $140.00 target price for the company. in a research note on Friday, August 7th. Weiss Ratings raised shares of Axcelis Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 16th.

Institutional Trading of Axcelis Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Reinhart Partners LLC. increased its position in shares of Axcelis Technologies by 14.2% during the third quarter. Reinhart Partners LLC. now owns 1,060,636 shares of the semiconductor company's stock worth $139,134,000 after purchasing an additional 131,976 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Axcelis Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company's stock valued at $78,565,000 after purchasing an additional 3,057 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Axcelis Technologies by 3,402.5% in the 1st quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company's stock valued at $45,772,000 after purchasing an additional 477,705 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Axcelis Technologies during the 2nd quarter worth $38,830,000. Finally, Principal Financial Group Inc. boosted its stake in Axcelis Technologies by 5.1% during the 1st quarter. Principal Financial Group Inc. now owns 210,202 shares of the semiconductor company's stock worth $19,566,000 after purchasing an additional 10,177 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Down 1.5%

Shares of ACLS stock opened at $112.02 on Friday. Axcelis Technologies has a twelve month low of $73.60 and a twelve month high of $193.78. The stock has a market cap of $3.46 billion, a P/E ratio of 37.59, a P/E/G ratio of 3.47 and a beta of 1.86. The stock has a 50 day moving average of $119.01 and a 200 day moving average of $122.66. The company has a current ratio of 4.90, a quick ratio of 3.21 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.89 by $0.17. The business had revenue of $215.18 million for the quarter, compared to analyst estimates of $205.03 million. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%. The business's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.13 EPS. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. As a group, sell-side analysts expect that Axcelis Technologies will post 3.39 EPS for the current year.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc develops and manufactures equipment used in the fabrication of semiconductor devices. The company is best known for its ion implantation systems, which precisely introduce dopant atoms into silicon wafers to control the electrical properties of semiconductor components.

Its product portfolio includes the Purion family of ion implantation systems, designed for applications such as high-current, medium-current and high-energy implantation. Axcelis also provides related aftermarket products and services, including spare parts, equipment upgrades, process support and customer training.

Headquartered in Beverly, Massachusetts, Axcelis serves semiconductor manufacturers and other customers in major chip-production regions worldwide.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.