Algert Global LLC Makes New $751,000 Investment in Axcelis Technologies, Inc. $ACLS

Key Points

• Algert Global LLC purchased a new stake in Axcelis Technologies by acquiring 15,110 shares valued at approximately $751,000 in the first quarter of the year.
• Wall Street analysts have recently boosted their price targets for Axcelis Technologies, with DA Davidson raising it from $75.00 to $90.00 and maintaining a "buy" rating.
• Axcelis Technologies reported $1.13 EPS for the last quarter, significantly surpassing the consensus estimate of $0.73, despite a 24.2% decline in revenue year-over-year.

Algert Global LLC bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,110 shares of the semiconductor company's stock, valued at approximately $751,000.

Several other hedge funds also recently modified their holdings of ACLS. Versant Capital Management Inc lifted its holdings in Axcelis Technologies by 118.7% during the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 317 shares during the period. Fifth Third Bancorp lifted its holdings in Axcelis Technologies by 160.5% during the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 358 shares during the period. Bayforest Capital Ltd bought a new stake in Axcelis Technologies during the first quarter worth $38,000. Nisa Investment Advisors LLC increased its position in Axcelis Technologies by 97.5% in the first quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock worth $40,000 after buying an additional 393 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in Axcelis Technologies in the first quarter worth $44,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Axcelis Technologies Price Performance

Axcelis Technologies stock traded up $0.21 during midday trading on Thursday, hitting $82.13. 699,914 shares of the company's stock were exchanged, compared to its average volume of 624,868. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $113.37. The stock has a 50-day moving average price of $74.60 and a two-hundred day moving average price of $62.69. 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 company has a market cap of $2.58 billion, a P/E ratio of 16.80 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, topping 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 business had revenue of $194.54 million during the quarter, compared to analysts' expectations of $185.15 million. During the same period in the previous year, the business earned $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. On average, equities research analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ACLS. DA Davidson raised their target price on Axcelis Technologies from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. B. Riley raised their target price on Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $90.00.

Axcelis Technologies 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.