Jump Financial LLC Sells 7,268 Shares of Axcelis Technologies, Inc. $ACLS

Key Points

• Jump Financial LLC has reduced its stake in Axcelis Technologies by 16.3%, selling 7,268 shares, and now holds approximately 37,192 shares worth around $1.85 million.
• Axcelis Technologies reported an earnings per share (EPS) of $1.13 for the most recent quarter, exceeding analysts' expectations of $0.73, despite a 24.2% year-over-year revenue decline.
• Analysts have raised price targets for Axcelis Technologies, with B. Riley setting it at $75.00 and DA Davidson increasing it to $90.00, highlighting a generally positive outlook on the company's performance.

Jump Financial LLC decreased its position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 16.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,192 shares of the semiconductor company's stock after selling 7,268 shares during the period. Jump Financial LLC owned approximately 0.12% of Axcelis Technologies worth $1,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACLS. Versant Capital Management Inc raised its position in shares of Axcelis Technologies by 118.7% during the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 317 shares during the period. Fifth Third Bancorp lifted its stake in Axcelis Technologies by 160.5% in the first 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. Bayforest Capital Ltd acquired a new position in Axcelis Technologies during the 1st quarter worth approximately $38,000. Nisa Investment Advisors LLC grew its holdings in shares of Axcelis Technologies by 97.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 393 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in Axcelis Technologies in the first quarter valued at $44,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. DA Davidson increased their target price on Axcelis Technologies from $75.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. B. Riley lifted their price target 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $90.00.

Axcelis Technologies Stock Performance

Axcelis Technologies stock traded down $1.97 during mid-day trading on Monday, reaching $80.04. 385,773 shares of the company's stock were exchanged, compared to its average volume of 563,426. The firm has a market capitalization of $2.51 billion, a PE ratio of 16.37 and a beta of 1.73. The business's fifty day simple moving average is $75.19 and its 200 day simple moving average is $62.96. 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, Inc. has a one year low of $40.40 and a one year high of $113.37.

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

Axcelis Technologies 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.