Axcelis Technologies, Inc. $ACLS Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Axcelis Technologies by 5.4% during Q1, holding 138,251 shares valued at approximately $6.87 million.
• Axcelis Technologies reported earnings of $1.13 per share, surpassing analyst expectations of $0.73, despite a 24.2% decline in quarterly revenue compared to the previous year.
• Institutional investors own nearly 90% of Axcelis Technologies' stock, indicating strong confidence in the company's future performance.

Invesco Ltd. grew its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 138,251 shares of the semiconductor company's stock after buying an additional 7,129 shares during the quarter. Invesco Ltd. owned 0.43% of Axcelis Technologies worth $6,867,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Reinhart Partners LLC. increased its position in Axcelis Technologies by 39.1% during the 1st quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company's stock worth $71,576,000 after purchasing an additional 404,910 shares in the last quarter. Voloridge Investment Management LLC increased its position in Axcelis Technologies by 428.5% during the 4th quarter. Voloridge Investment Management LLC now owns 222,663 shares of the semiconductor company's stock worth $15,557,000 after purchasing an additional 180,531 shares in the last quarter. Millennium Management LLC increased its position in Axcelis Technologies by 148.7% during the 4th quarter. Millennium Management LLC now owns 290,270 shares of the semiconductor company's stock worth $20,281,000 after purchasing an additional 173,574 shares in the last quarter. Bank of America Corp DE grew its holdings in Axcelis Technologies by 104.4% in the 4th quarter. Bank of America Corp DE now owns 285,284 shares of the semiconductor company's stock valued at $19,933,000 after buying an additional 145,701 shares during the period. Finally, Mizuho Markets Americas LLC purchased a new stake in Axcelis Technologies in the 1st quarter valued at about $5,929,000. Hedge funds and other institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Down 2.4%

Shares of ACLS traded down $1.97 during trading on Monday, reaching $80.04. The company's stock had a trading volume of 385,773 shares, compared to its average volume of 563,426. The company has a fifty day moving average of $75.19 and a two-hundred day moving average of $62.96. Axcelis Technologies, Inc. has a twelve month low of $40.40 and a twelve month high of $113.37. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 16.37 and a beta of 1.73. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share for the quarter, beating 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 the consensus estimate of $185.15 million. During the same period in the previous year, the business earned $1.55 EPS. The business'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. On average, sell-side analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on ACLS shares. 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 price objective 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.