Gabelli Funds LLC Invests $319,000 in Axcelis Technologies, Inc. $ACLS

Key Points

• Gabelli Funds LLC has purchased a new stake of 6,422 shares in Axcelis Technologies, Inc. worth approximately $319,000, as reported in a recent SEC filing.
• Analysts have recently revised their price targets for Axcelis Technologies, with DA Davidson raising their target from $75.00 to $90.00 and B. Riley increasing theirs from $58.00 to $75.00.
• Axcelis Technologies reported quarterly earnings of $1.13 EPS, surpassing estimates, although revenue declined 24.2% year-over-year.

Gabelli Funds LLC bought a new stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,422 shares of the semiconductor company's stock, valued at approximately $319,000.

Other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of 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 purchasing an additional 317 shares in the last quarter. Fifth Third Bancorp lifted its position in Axcelis Technologies by 160.5% during 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 period. Bayforest Capital Ltd acquired a new stake in Axcelis Technologies during the 1st quarter worth about $38,000. Nisa Investment Advisors LLC lifted its position in Axcelis Technologies by 97.5% during 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 period. Finally, Sound Income Strategies LLC acquired a new stake in Axcelis Technologies during the 1st quarter worth about $44,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock traded up $0.10 on Thursday, hitting $78.79. The company's stock had a trading volume of 325,762 shares, compared to its average volume of 622,790. Axcelis Technologies, Inc. has a 1 year low of $40.40 and a 1 year high of $110.17. The firm has a fifty day moving average price of $75.83 and a 200-day moving average price of $63.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 16.11 and a beta of 1.73.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.73 by $0.40. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The company had revenue of $194.54 million during the quarter, compared to analyst estimates of $185.15 million. During the same period in the previous year, the business earned $1.55 EPS. Axcelis Technologies's quarterly revenue was down 24.2% on a year-over-year basis. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. As a group, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ACLS. B. Riley lifted their price target on Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. DA Davidson lifted their price target on Axcelis Technologies from $75.00 to $90.00 and gave the stock 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $90.00.

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.