Magnetar Financial LLC Invests $621,000 in Axcelis Technologies, Inc. $ACLS

Key Points

• Magnetar Financial LLC has invested approximately $621,000 in 12,505 shares of Axcelis Technologies, Inc. in Q1.
• Analysts have raised their price targets for Axcelis Technologies, with one firm increasing it from $75.00 to $90.00, indicating a positive growth outlook.
• Axcelis Technologies reported an EPS of $1.13 for the latest quarter, surpassing analyst expectations by $0.40, though revenue decreased by 24.2% year-over-year.

Magnetar Financial LLC acquired a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,505 shares of the semiconductor company's stock, valued at approximately $621,000.

A number of other large investors have also modified their holdings of the company. Fifth Third Bancorp increased its stake in 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 during the period. Versant Capital Management Inc increased its stake in 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 during the period. Bayforest Capital Ltd acquired a new position in Axcelis Technologies during the 1st quarter valued at about $38,000. Nisa Investment Advisors LLC increased its stake in Axcelis Technologies by 97.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock valued at $40,000 after buying an additional 393 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in Axcelis Technologies during the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on ACLS. DA Davidson raised 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 lifted their price objective on shares of Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 18th. Two 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.

Axcelis Technologies Trading Up 0.1%

Shares of ACLS traded up $0.10 during midday trading on Thursday, hitting $78.79. The stock had a trading volume of 325,762 shares, compared to its average volume of 622,790. The firm has a market cap of $2.48 billion, a P/E ratio of 16.11 and a beta of 1.73. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $110.17. 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 business has a 50-day simple moving average of $75.83 and a two-hundred day simple moving average of $63.32.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last posted its quarterly 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 net margin of 17.69% and a return on equity of 16.26%. The firm's quarterly revenue was down 24.2% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. As a group, equities analysts forecast that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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.