Rhumbline Advisers Boosts 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 boosted its stake in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 6.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,647 shares of the semiconductor company's stock after purchasing an additional 5,805 shares during the quarter. Rhumbline Advisers owned about 0.30% of Axcelis Technologies worth $4,800,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ACLS. Perkins Coie Trust Co grew its stake in Axcelis Technologies by 9.2% in the 1st quarter. Perkins Coie Trust Co now owns 2,675 shares of the semiconductor company's stock worth $133,000 after acquiring an additional 225 shares in the last quarter. Eagle Bay Advisors LLC lifted its position in shares of Axcelis Technologies by 3.8% in the 1st quarter. Eagle Bay Advisors LLC now owns 7,585 shares of the semiconductor company's stock worth $377,000 after purchasing an additional 275 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Axcelis Technologies by 16.3% in the 1st quarter. Advisors Asset Management Inc. now owns 1,969 shares of the semiconductor company's stock worth $98,000 after purchasing an additional 276 shares during the period. Versant Capital Management Inc lifted its position in shares of Axcelis Technologies by 118.7% in the 1st 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. Finally, Fifth Third Bancorp lifted its position in shares of Axcelis Technologies by 160.5% in the 1st quarter. Fifth Third Bancorp now owns 581 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 358 shares during the period. Hedge funds and other institutional investors own 89.98% of the company's stock.

Axcelis Technologies Stock Up 6.1%

NASDAQ:ACLS traded up $5.56 during midday trading on Thursday, reaching $96.66. 679,652 shares of the stock traded hands, compared to its average volume of 422,844. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $110.17. The business has a 50-day moving average of $78.82 and a two-hundred day moving average of $65.24. 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 stock has a market capitalization of $3.04 billion, a PE ratio of 19.77 and a beta of 1.73.

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, 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 company had revenue of $194.54 million during the quarter, compared to analysts' expectations of $185.15 million. During the same quarter in the prior year, the company posted $1.55 earnings per share. Axcelis Technologies's revenue for the quarter 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 forecast that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. 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. 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. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently 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.