American Century Companies Inc. Has $56.65 Million Holdings in Axcelis Technologies, Inc. $ACLS

Key Points

• American Century Companies Inc. has increased its holdings in Axcelis Technologies by 7.6%, now owning approximately 1.14 million shares worth about $56.6 million.
• Analysts have raised their price target for Axcelis Technologies, with DA Davidson setting it at $90.00, reflecting a positive outlook on the stock.
• In its most recent earnings report, Axcelis Technologies exceeded expectations with reported earnings of $1.13 per share amid a revenue of $194.54 million, despite a year-over-year revenue decline of 24.2%.

American Century Companies Inc. boosted its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 7.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,140,495 shares of the semiconductor company's stock after purchasing an additional 80,399 shares during the period. American Century Companies Inc. owned about 3.55% of Axcelis Technologies worth $56,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Reinhart Partners LLC. increased its holdings in shares of Axcelis Technologies by 39.1% during the first quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company's stock worth $71,576,000 after buying an additional 404,910 shares in the last quarter. Voloridge Investment Management LLC increased its holdings in shares of Axcelis Technologies by 428.5% in the fourth quarter. Voloridge Investment Management LLC now owns 222,663 shares of the semiconductor company's stock valued at $15,557,000 after purchasing an additional 180,531 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Axcelis Technologies by 148.7% in the fourth quarter. Millennium Management LLC now owns 290,270 shares of the semiconductor company's stock valued at $20,281,000 after purchasing an additional 173,574 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Axcelis Technologies by 104.4% in the fourth quarter. Bank of America Corp DE now owns 285,284 shares of the semiconductor company's stock valued at $19,933,000 after purchasing an additional 145,701 shares in the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in shares of Axcelis Technologies in the first quarter valued at approximately $5,929,000. Institutional investors own 89.98% of the company's stock.

Wall Street Analysts Forecast Growth

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

Axcelis Technologies Trading Up 3.5%

ACLS stock traded up $2.78 during midday trading on Friday, reaching $81.29. The company's stock had a trading volume of 493,569 shares, compared to its average volume of 575,265. Axcelis Technologies, Inc. has a 52 week low of $40.40 and a 52 week high of $115.37. The stock has a market cap of $2.55 billion, a PE ratio of 16.62 and a beta of 1.58. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04. The business's 50-day simple moving average is $73.83 and its 200-day simple moving average is $62.34.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced 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 company had revenue of $194.54 million during the quarter, compared to analyst estimates of $185.15 million. During the same quarter in the previous year, the business earned $1.55 EPS. 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. As a group, sell-side analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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.