Rhumbline Advisers Increases Stake in Axcelis Technologies, Inc. $ACLS

Key Points

• Rhumbline Advisers increased its holdings in Axcelis Technologies by 6.4%, acquiring an additional 5,805 shares, bringing its total ownership to approximately 96,647 shares worth around $4.8 million.
• Axcelis Technologies reported earnings of $1.13 per share for the last quarter, significantly surpassing analysts' expectations of $0.73, although its revenue declined by 24.2% compared to the same quarter last year.
• Wall Street analysts currently have a consensus rating of "Hold" on Axcelis Technologies shares, with an average price target raised to $90.00 from previous estimates.

Rhumbline Advisers raised its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 6.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,647 shares of the semiconductor company's stock after buying an additional 5,805 shares during the period. Rhumbline Advisers owned about 0.30% of Axcelis Technologies worth $4,800,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ACLS. Nisa Investment Advisors LLC boosted its position 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 purchasing an additional 393 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Axcelis Technologies by 15.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,497 shares of the semiconductor company's stock worth $521,000 after purchasing an additional 1,368 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Axcelis Technologies by 4.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 386,007 shares of the semiconductor company's stock worth $19,173,000 after purchasing an additional 16,071 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Axcelis Technologies in the fourth quarter worth approximately $298,000. Finally, Mackenzie Financial Corp boosted its position in shares of Axcelis Technologies by 7.8% in the first quarter. Mackenzie Financial Corp now owns 6,346 shares of the semiconductor company's stock worth $315,000 after purchasing an additional 459 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Down 0.9%

NASDAQ:ACLS opened at $85.55 on Friday. 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 P/E ratio of 17.49 and a beta of 1.73. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01. The company's 50-day simple moving average is $77.42 and its 200-day simple moving average is $64.30.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $185.15 million. During the same period last year, the business earned $1.55 EPS. The company's revenue was down 24.2% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ACLS. B. Riley upped their price target 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. DA Davidson upped their price target 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. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies currently has a consensus rating of "Hold" and an average 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.

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