Optimize Financial Inc Purchases Shares of 32,251 Axcelis Technologies, Inc. $ACLS

Key Points

• Optimize Financial Inc acquired a new position in Axcelis Technologies, buying 32,251 shares valued at approximately $1.60 million, representing ownership of 0.10% of the company.
• Other institutional investors, including Goldman Sachs and Caxton Associates, have also increased their stakes in Axcelis, which is currently 89.98% owned by institutional investors.
• Axcelis Technologies reported a net margin of 17.69% for the last quarter with earnings of $1.13 per share, exceeding analysts' expectations, despite a year-over-year revenue decline of 24.2%.

Optimize Financial Inc purchased a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 32,251 shares of the semiconductor company's stock, valued at approximately $1,602,000. Optimize Financial Inc owned approximately 0.10% of Axcelis Technologies at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of ACLS. Versant Capital Management Inc lifted its stake in shares of Axcelis Technologies by 118.7% in the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after buying an additional 317 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Axcelis Technologies by 160.5% in the first quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after buying an additional 358 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Axcelis Technologies in the first quarter worth about $38,000. Nisa Investment Advisors LLC lifted its stake in shares of Axcelis Technologies by 97.5% in the first quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock worth $40,000 after buying an additional 393 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Axcelis Technologies in the first quarter worth about $44,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACLS has been the subject of several recent analyst reports. DA Davidson raised their price objective on shares of Axcelis Technologies from $75.00 to $90.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. B. Riley raised their price objective on shares of Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $90.00.

Axcelis Technologies Trading Down 0.9%

Axcelis Technologies stock traded down $0.81 during midday trading on Friday, hitting $85.55. 274,269 shares of the stock were exchanged, compared to its average volume of 410,915. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $110.17. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 17.49 and a beta of 1.73. The stock's 50-day simple moving average is $77.42 and its 200 day simple moving average is $64.30. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced 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 net margin of 17.69% and a return on equity of 16.26%. The business had revenue of $194.54 million during the quarter, compared to analysts' expectations of $185.15 million. During the same period last year, the business earned $1.55 earnings per share. The business's revenue for the quarter 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, equities analysts anticipate 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.