Axcelis Technologies, Inc. $ACLS Shares Sold by Harbor Capital Advisors Inc.

Key Points

• Harbor Capital Advisors Inc. has reduced its stake in Axcelis Technologies by 3.6%, selling 4,999 shares and now owns 135,583 shares valued at approximately $9.45 million.
• Axcelis Technologies reported a Q2 EPS of $1.13, exceeding estimates of $0.73, but experienced a 24.2% year-over-year decline in revenue.
• The company has a market cap of $2.74 billion, with a current consensus rating of "Hold" and a price target of $90.00 from analysts.

Harbor Capital Advisors Inc. reduced its stake in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,583 shares of the semiconductor company's stock after selling 4,999 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.42% of Axcelis Technologies worth $9,449,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc lifted its position in Axcelis Technologies by 118.7% during the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 317 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Axcelis Technologies by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after buying an additional 358 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Axcelis Technologies by 50.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company's stock valued at $34,000 after buying an additional 161 shares during the period. Bayforest Capital Ltd acquired a new position in Axcelis Technologies in the first quarter valued at approximately $38,000. Finally, Parallel Advisors LLC lifted its holdings in Axcelis Technologies by 129.0% in the second quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company's stock valued at $38,000 after acquiring an additional 307 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Down 1.0%

Shares of ACLS stock traded down $1.01 on Friday, reaching $95.65. 1,153,272 shares of the stock were exchanged, compared to its average volume of 437,279. The business's 50 day moving average price is $79.23 and its 200 day moving average price is $65.51. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 19.56 and a beta of 1.73. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $110.17.

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

Analyst Upgrades and Downgrades

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