AlphaQuest LLC Sells 12,727 Shares of Axcelis Technologies, Inc. $ACLS

Key Points

• AlphaQuest LLC has significantly reduced its stake in Axcelis Technologies by 75.7%, selling 12,727 shares and now holding only 4,082 shares worth $203,000.
• Despite a 24.2% year-over-year decline in revenue, Axcelis Technologies reported $1.13 EPS, beating estimates, and has a net margin of 17.69%.
• Institutional investors control 89.98% of Axcelis Technologies stock, with analysts currently holding a mixed view: 2 buy ratings and 4 hold ratings.

AlphaQuest LLC decreased its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 75.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,082 shares of the semiconductor company's stock after selling 12,727 shares during the quarter. AlphaQuest LLC's holdings in Axcelis Technologies were worth $203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc raised its holdings in Axcelis Technologies by 118.7% during the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 317 shares during the period. Fifth Third Bancorp grew 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 valued at $29,000 after purchasing an additional 358 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Axcelis Technologies during the 1st quarter valued at $38,000. Nisa Investment Advisors LLC grew its position in shares of Axcelis Technologies by 97.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 393 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Axcelis Technologies during the 1st quarter valued at $44,000. Institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Down 2.4%

Shares of NASDAQ:ACLS opened at $80.04 on Friday. Axcelis Technologies, Inc. has a 52-week low of $40.40 and a 52-week high of $113.37. The firm has a fifty day moving average of $75.19 and a 200 day moving average of $62.96. The firm has a market capitalization of $2.51 billion, a PE ratio of 16.37 and a beta of 1.58. 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 posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $185.15 million. During the same period in the prior year, the business posted $1.55 earnings per share. The company'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. As a group, research analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ACLS shares. DA Davidson boosted their price target on shares of Axcelis Technologies from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. 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 research report on Wednesday, June 18th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.

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