California State Teachers Retirement System Trims Stock Position in Axcelis Technologies, Inc. $ACLS

California State Teachers Retirement System trimmed its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,447 shares of the semiconductor company's stock after selling 973 shares during the period. California State Teachers Retirement System owned about 0.11% of Axcelis Technologies worth $6,715,434 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ACLS. HB Wealth Management LLC acquired a new position in Axcelis Technologies during the 2nd quarter worth $213,000. Odyssean LLC acquired a new stake in shares of Axcelis Technologies in the 2nd quarter valued at approximately $386,000. Syon Capital LLC acquired a new position in shares of Axcelis Technologies in the 2nd quarter valued at about $275,000. Nykredit A S purchased a new position in Axcelis Technologies during the second quarter worth about $205,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in shares of Axcelis Technologies in the second quarter worth $2,535,000. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Down 1.2%

NASDAQ ACLS traded down $1.31 during trading hours on Tuesday, reaching $104.00. 136,648 shares of the company's stock were exchanged, compared to its average volume of 644,382. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.21 and a current ratio of 4.90. The company's 50-day moving average is $128.95 and its two-hundred day moving average is $130.96. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 3.47 and a beta of 1.86. Axcelis Technologies, Inc. has a one year low of $73.60 and a one year high of $193.78.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.17. Axcelis Technologies had a net margin of 10.71% and a return on equity of 11.69%. The company had revenue of $215.18 million during the quarter, compared to analysts' expectations of $205.03 million. During the same period in the prior year, the company posted $1.13 earnings per share. Axcelis Technologies's revenue for the quarter was up 10.6% compared to the same quarter last year. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. On average, analysts forecast that Axcelis Technologies, Inc. will post 3.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Axcelis Technologies in a research report on Friday, August 7th. Craig Hallum cut Axcelis Technologies from a "buy" rating to a "hold" rating and set a $140.00 price objective on the stock. in a report on Friday, August 7th. Finally, Bank of America increased their price target on Axcelis Technologies from $130.00 to $156.00 and gave the stock an "underperform" rating in a report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $132.20.

About Axcelis Technologies

Axcelis Technologies, Inc is a semiconductor equipment company that designs, manufactures and services ion implantation systems used in the production of semiconductor devices. Its equipment modifies the electrical properties of silicon wafers by implanting precisely controlled ions, an important step in manufacturing power semiconductors, memory products and other integrated circuits.

The company's primary product family is the Purion platform, which includes systems designed for high-current, medium-current and high-energy implantation applications.

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