Axcelis Technologies, Inc. $ACLS Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Axcelis Technologies by 27.2%, acquiring an additional 22,040 shares to hold a total of 103,067 shares valued at approximately $5.12 million.
• Recent insider trading saw Director John T. Kurtzweil sell 1,682 shares for over $104,000, reducing his stake in the company.
• Axcelis Technologies reported $1.13 earnings per share for the last quarter, significantly beating estimates, though its quarterly revenue was down 24.2% year-over-year.

Public Sector Pension Investment Board lifted its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 27.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,067 shares of the semiconductor company's stock after buying an additional 22,040 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of Axcelis Technologies worth $5,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc increased 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 worth $29,000 after buying an additional 317 shares during the last quarter. Fifth Third Bancorp increased its holdings in Axcelis Technologies by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 358 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Axcelis Technologies in the 1st quarter valued at approximately $38,000. Nisa Investment Advisors LLC increased its holdings in 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 purchasing an additional 393 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in Axcelis Technologies in the 1st quarter valued at approximately $44,000. Institutional investors and hedge funds own 89.98% of the company's stock.

Axcelis Technologies Stock Down 1.4%

Shares of Axcelis Technologies stock traded down $1.13 during trading on Wednesday, hitting $79.07. 361,944 shares of the stock were exchanged, compared to its average volume of 632,529. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 16.17 and a beta of 1.58. The firm's 50-day moving average price is $73.09 and its 200 day moving average price is $62.06. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $117.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.01 and a quick ratio of 4.26.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share (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 company's revenue for the quarter was down 24.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 EPS. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. As a group, analysts forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ACLS. B. Riley lifted 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 lifted 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 assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $90.00.

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.