Harbor Capital Advisors Inc. Sells 4,999 Shares of Axcelis Technologies, Inc. $ACLS

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

Other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Axcelis Technologies by 50.3% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 161 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Axcelis Technologies by 129.0% during the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company's stock valued at $38,000 after buying an additional 307 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Axcelis Technologies by 160.5% during 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 in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Axcelis Technologies by 118.7% during the 1st quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock valued at $29,000 after buying an additional 317 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Axcelis Technologies during the 1st quarter valued at $38,000. Institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Up 2.0%

NASDAQ:ACLS opened at $87.30 on Tuesday. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $110.17. The firm has a 50-day simple moving average of $77.75 and a two-hundred day simple moving average of $64.60. 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 firm has a market cap of $2.74 billion, a P/E ratio of 17.85 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. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The business had revenue of $194.54 million during the quarter, compared to analyst estimates of $185.15 million. During the same quarter in the previous year, the firm earned $1.55 EPS. Axcelis Technologies's 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. Analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. B. Riley boosted their target price on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a report on Wednesday, June 18th. 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 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 company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $90.00.

Axcelis Technologies Company 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.

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