State of Wyoming Sells 4,751 Shares of Axcelis Technologies, Inc. $ACLS

Key Points

• The State of Wyoming drastically reduced its holdings in Axcelis Technologies, Inc. by 85.3%, selling 4,751 shares and leaving it with only 822 shares valued at $41,000.
• Analysts have been optimistic about Axcelis Technologies, raising their price targets; DA Davidson set a new target of $90.00 with a "buy" rating, while B. Riley's target is $75.00 with a "neutral" rating.
• Despite a strong quarterly earnings report with EPS of $1.13, Axcelis Technologies experienced a 24.2% year-over-year revenue decline, highlighting challenges in the semiconductor market.

State of Wyoming decreased its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 85.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 822 shares of the semiconductor company's stock after selling 4,751 shares during the quarter. State of Wyoming's holdings in Axcelis Technologies were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Perkins Coie Trust Co grew its stake in shares of Axcelis Technologies by 9.2% during 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 during the period. Eagle Bay Advisors LLC lifted its holdings in Axcelis Technologies by 3.8% during 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 in the last quarter. Versant Capital Management Inc lifted its holdings in 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 purchasing an additional 317 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Axcelis Technologies by 160.5% during 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 in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in Axcelis Technologies by 97.5% during the 1st quarter. Nisa Investment Advisors LLC now owns 796 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 393 shares in the last quarter. Institutional investors own 89.98% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ACLS shares. DA Davidson increased their price objective on Axcelis Technologies from $75.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. B. Riley increased their price objective on Axcelis Technologies from $58.00 to $75.00 and gave the stock a "neutral" rating in a 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $90.00.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $83.28 on Thursday. The company has a market cap of $2.62 billion, a PE ratio of 17.03 and a beta of 1.73. 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 stock has a 50-day moving average price of $76.87 and a 200-day moving average price of $63.95. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $110.17.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.73 by $0.40. The firm had revenue of $194.54 million during the quarter, compared to the consensus estimate of $185.15 million. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The company's revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter last year, the company posted $1.55 EPS. 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 earnings per share for the current fiscal year.

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.

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