BlackBarn Capital Partners LP Acquires 424,444 Shares of Axcelis Technologies, Inc. $ACLS

Key Points

• BlackBarn Capital Partners LP increased its investment in Axcelis Technologies, Inc. by 758% in Q1, now owning 480,441 shares valued at approximately $23.86 million, making it the fund's 5th largest position.
• Axcelis reported earnings of $1.13 EPS for the latest quarter, exceeding estimates, despite a 24.2% year-over-year revenue decline.
• Analysts have raised price targets for Axcelis Technologies, with DA Davidson setting a new target of $90.00 and a consensus rating of "Hold" across multiple investment firms.

BlackBarn Capital Partners LP increased its holdings in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 758.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 480,441 shares of the semiconductor company's stock after buying an additional 424,444 shares during the quarter. Axcelis Technologies comprises approximately 1.5% of BlackBarn Capital Partners LP's portfolio, making the stock its 5th biggest position. BlackBarn Capital Partners LP owned about 1.50% of Axcelis Technologies worth $23,864,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Perkins Coie Trust Co lifted its position in shares of Axcelis Technologies by 9.2% during the 1st 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 lifted its holdings in Axcelis Technologies by 3.8% in the 1st quarter. Eagle Bay Advisors LLC now owns 7,585 shares of the semiconductor company's stock worth $377,000 after purchasing an additional 275 shares in the last quarter. Versant Capital Management Inc increased its stake in Axcelis Technologies by 118.7% in the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 317 shares during the last quarter. Fifth Third Bancorp increased its stake in Axcelis Technologies by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 358 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Axcelis Technologies by 97.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 393 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Up 0.3%

Shares of NASDAQ ACLS traded up $0.27 during mid-day trading on Thursday, reaching $82.19. 638,527 shares of the company were exchanged, compared to its average volume of 624,494. 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 stock has a market cap of $2.58 billion, a price-to-earnings ratio of 16.80 and a beta of 1.58. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $113.37. The firm has a 50-day moving average of $74.60 and a 200 day moving average of $62.69.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings results 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 company had revenue of $194.54 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the business posted $1.55 earnings per share. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. On average, research analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ACLS shares. B. Riley boosted their target price on Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. DA Davidson boosted their target price on Axcelis Technologies from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.