Axcelis Technologies, Inc. $ACLS Shares Purchased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System increased its Axcelis Technologies stake by 18,338.9% in the second quarter, owning 6.72 million shares worth approximately $1.27 billion, or 21.75% of the company.
• Axcelis exceeded quarterly expectations, reporting $1.06 in EPS versus the $0.89 consensus estimate and $215.18 million in revenue, up 10.6% year over year.
• Analyst sentiment remains mixed, with an overall “Hold” rating and a consensus price target of $132.20; the stock recently opened at $113.43.

California State Teachers Retirement System lifted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 18,338.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,715,434 shares of the semiconductor company's stock after buying an additional 6,679,014 shares during the quarter. California State Teachers Retirement System owned 21.75% of Axcelis Technologies worth $1,272,239,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. REAP Financial Group LLC purchased a new position in shares of Axcelis Technologies during the 4th quarter valued at approximately $25,000. Advisory Services Network LLC bought a new position in Axcelis Technologies during the 3rd quarter valued at $32,000. Public Employees Retirement System of Ohio acquired a new position in Axcelis Technologies during the 2nd quarter worth $82,000. EverSource Wealth Advisors LLC grew its holdings in Axcelis Technologies by 145.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 267 shares in the last quarter. Finally, Leonteq Securities AG bought a new stake in shares of Axcelis Technologies in the 4th quarter worth about $40,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies Stock Performance

ACLS stock opened at $113.43 on Friday. The company has a market capitalization of $3.50 billion, a P/E ratio of 38.06, a PEG ratio of 3.47 and a beta of 1.86. The company has a 50-day simple moving average of $129.64 and a 200 day simple moving average of $130.43. Axcelis Technologies, Inc. has a fifty-two week low of $73.60 and a fifty-two week high of $193.78. The company has a quick ratio of 3.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.04.

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

Analysts Set New Price Targets

ACLS has been the subject of a number of research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Axcelis Technologies in a research note on Friday, August 7th. Bank of America increased their target price on Axcelis Technologies from $130.00 to $156.00 and gave the stock an "underperform" rating in a report on Tuesday, June 23rd. Finally, Craig Hallum downgraded Axcelis Technologies from a "buy" rating to a "hold" rating and set a $140.00 price target for the company. in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Axcelis Technologies has an average rating of "Hold" and a consensus price target 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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