Axcelis Technologies, Inc. $ACLS Shares Purchased by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC increased its stake in Axcelis Technologies by 5.4% in Q2, now holding 1,518,544 shares valued at approximately $105.8 million, making it the firm's 7th largest investment.
• Analysts have raised price targets for Axcelis Technologies, with DA Davidson increasing its target from $75.00 to $90.00 and assigning a "buy" rating to the stock.
• Axcelis Technologies reported Q2 earnings of $1.13 per share, exceeding expectations of $0.73, despite a year-over-year revenue decline of 24.2%.

Reinhart Partners LLC. increased its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,518,544 shares of the semiconductor company's stock after buying an additional 77,522 shares during the quarter. Axcelis Technologies comprises approximately 3.6% of Reinhart Partners LLC.'s holdings, making the stock its 7th largest position. Reinhart Partners LLC. owned 4.73% of Axcelis Technologies worth $105,828,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB grew its stake in shares of Axcelis Technologies by 50.3% in the second 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 in the last quarter. Perkins Coie Trust Co boosted its stake in Axcelis Technologies by 9.2% during the first quarter. Perkins Coie Trust Co now owns 2,675 shares of the semiconductor company's stock valued at $133,000 after buying an additional 225 shares in the last quarter. Eagle Bay Advisors LLC boosted its stake in Axcelis Technologies by 3.8% during the first quarter. Eagle Bay Advisors LLC now owns 7,585 shares of the semiconductor company's stock valued at $377,000 after buying an additional 275 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Axcelis Technologies by 16.3% during the first quarter. Advisors Asset Management Inc. now owns 1,969 shares of the semiconductor company's stock valued at $98,000 after buying an additional 276 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Axcelis Technologies by 129.0% during the second quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company's stock valued at $38,000 after purchasing an additional 307 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Trading Down 1.0%

NASDAQ ACLS traded down $1.01 on Friday, reaching $95.65. The company had a trading volume of 1,153,272 shares, compared to its average volume of 437,279. The stock's 50 day moving average is $79.23 and its 200-day moving average is $65.56. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 19.56 and a beta of 1.73. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 52 week low of $40.40 and a 52 week high of $110.17.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.73 by $0.40. The business had revenue of $194.54 million during the quarter, compared to the consensus estimate of $185.15 million. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The firm's revenue was down 24.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 earnings per share. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. Equities analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

About Axcelis Technologies

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.