Focus Partners Wealth Has $1.81 Million Stock Holdings in Axcelis Technologies, Inc. $ACLS

Key Points

• Focus Partners Wealth increased its stake in Axcelis Technologies by 153.7% during the 1st quarter, owning 36,430 shares valued at approximately $1.81 million.
• Axcelis Technologies reported earnings of $1.13 per share, exceeding analyst estimates of $0.73, along with a revenue of $194.54 million for the quarter.
• Analysts have set a price target for Axcelis Technologies, with DA Davidson raising it to $90.00, indicating a 'buy' rating, while the average rating remains at 'hold'.

Focus Partners Wealth grew its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 153.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,430 shares of the semiconductor company's stock after buying an additional 22,073 shares during the period. Focus Partners Wealth owned 0.11% of Axcelis Technologies worth $1,809,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC grew its stake in shares of Axcelis Technologies by 97.5% during the first quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 393 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Axcelis Technologies by 15.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,497 shares of the semiconductor company's stock worth $521,000 after acquiring an additional 1,368 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Axcelis Technologies by 4.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 386,007 shares of the semiconductor company's stock valued at $19,173,000 after buying an additional 16,071 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Axcelis Technologies during the 4th quarter valued at approximately $298,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Axcelis Technologies by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the semiconductor company's stock worth $117,000 after buying an additional 425 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on ACLS. DA Davidson lifted 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. B. Riley lifted their target price on Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Axcelis Technologies currently has an average rating of "Hold" and a consensus target price of $90.00.

Axcelis Technologies Trading Down 1.0%

ACLS traded down $1.01 during midday trading on Friday, hitting $95.65. 1,153,272 shares of the company were exchanged, compared to its average volume of 437,279. The firm's 50 day moving average price is $79.23 and its 200-day moving average price is $65.51. Axcelis Technologies, Inc. has a 1-year low of $40.40 and a 1-year high of $110.17. 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 firm has a market capitalization of $3.01 billion, a P/E ratio of 19.56 and a beta of 1.73.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.73 by $0.40. The company had revenue of $194.54 million for 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%.Axcelis Technologies's revenue for the quarter was down 24.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. As a group, equities analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

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.