Citigroup Inc. Grows Stake in Axcelis Technologies, Inc. $ACLS

Key Points

• Citigroup Inc. has increased its holdings in Axcelis Technologies, Inc. by 35.1%, acquiring an additional 41,436 shares in the first quarter, bringing their total ownership to approximately 159,623 shares valued at $7.93 million.
• Institutional investors collectively own nearly 90% of Axcelis Technologies, indicating strong market confidence in the semiconductor company.
• The latest quarterly earnings report showed Axcelis Technologies earning $1.13 per share, significantly exceeding analysts' expectations of $0.73, despite a year-over-year revenue decline of 24.2%.

Citigroup Inc. boosted its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 35.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 159,623 shares of the semiconductor company's stock after purchasing an additional 41,436 shares during the period. Citigroup Inc. owned about 0.50% of Axcelis Technologies worth $7,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in Axcelis Technologies during the fourth quarter valued at $397,000. Nisa Investment Advisors LLC lifted its position in Axcelis Technologies by 97.5% during the first quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 393 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Axcelis Technologies by 15.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,497 shares of the semiconductor company's stock valued at $521,000 after purchasing an additional 1,368 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Axcelis Technologies during the fourth quarter valued at $298,000. Finally, Mackenzie Financial Corp lifted its position in Axcelis Technologies by 7.8% during the first quarter. Mackenzie Financial Corp now owns 6,346 shares of the semiconductor company's stock valued at $315,000 after purchasing an additional 459 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Axcelis Technologies Trading Down 2.2%

ACLS traded down $1.7450 on Wednesday, hitting $78.4550. The company had a trading volume of 128,038 shares, compared to its average volume of 631,013. The company has a market cap of $2.47 billion, a PE ratio of 16.04 and a beta of 1.58. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $117.09. 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 fifty day simple moving average is $73.09 and its 200 day simple moving average is $62.06.

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, topping the consensus estimate of $0.73 by $0.40. The company had revenue of $194.54 million during the quarter, compared to analyst estimates 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 last year, the business posted $1.55 earnings per share. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. Equities research analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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.