Axcelis Technologies (NASDAQ:ACLS) Price Target Raised to $90.00

Key Points

• DA Davidson has raised its price target for Axcelis Technologies from $75.00 to $90.00, indicating a potential upside of 18.25% from the current stock price.
• B. Riley also increased their price target for the company to $75.00 while maintaining a "neutral" rating, with a consensus target price of $90.00 from multiple analysts.
• Axcelis Technologies reported $1.13 earnings per share (EPS) for the last quarter, surpassing analysts' expectations, despite a revenue decrease of 24.2% year-over-year.

Axcelis Technologies (NASDAQ:ACLS - Free Report) had its price target raised by DA Davidson from $75.00 to $90.00 in a research note published on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the semiconductor company's stock. DA Davidson also issued estimates for Axcelis Technologies' Q3 2025 earnings at $0.87 EPS, FY2025 earnings at $3.54 EPS and FY2026 earnings at $3.94 EPS.

Separately, B. Riley increased their target price on shares of Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $90.00.

Axcelis Technologies Stock Performance

Shares of ACLS stock traded down $0.09 during mid-day trading on Wednesday, hitting $79.42. 389,989 shares of the stock were exchanged, compared to its average volume of 564,812. The stock's fifty day simple moving average is $70.49 and its two-hundred day simple moving average is $61.42. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 16.24 and a beta of 1.58. Axcelis Technologies has a 12-month low of $40.40 and a 12-month high of $117.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $185.15 million. During the same quarter in the prior year, the firm earned $1.55 earnings per share. The business's quarterly revenue was down 24.2% compared to the same quarter last year. On average, analysts forecast that Axcelis Technologies will post 2.55 EPS for the current year.

Insider Buying and Selling

In related news, Director John T. Kurtzweil sold 1,682 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $61.93, for a total value of $104,166.26. Following the completion of the sale, the director owned 35,050 shares in the company, valued at $2,170,646.50. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its position 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 purchasing an additional 317 shares during the last quarter. Fifth Third Bancorp raised its position 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 purchasing an additional 358 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position 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 purchasing an additional 161 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of Axcelis Technologies during the 1st quarter worth approximately $38,000. Finally, Parallel Advisors LLC raised its position in shares of Axcelis Technologies by 129.0% during the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 307 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

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.