Vanguard Group Inc. Boosts Holdings in Axcelis Technologies, Inc. $ACLS

Key Points

• Vanguard Group Inc. has increased its holdings in Axcelis Technologies by 1.0%, now owning approximately 4.44 million shares, valued at around $220.5 million.
• Analysts are optimistic about Axcelis Technologies, with the stock rated as "Buy" and price targets upgraded to $90.00 by analysts like DA Davidson.
• Axcelis Technologies reported earnings of $1.13 EPS for the last quarter, exceeding expectations, but the revenue showed a 24.2% decline year-over-year.

Vanguard Group Inc. raised its position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,439,902 shares of the semiconductor company's stock after purchasing an additional 43,768 shares during the quarter. Vanguard Group Inc. owned 13.80% of Axcelis Technologies worth $220,530,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Three Seasons Wealth LLC bought a new stake in shares of Axcelis Technologies during the 1st quarter valued at about $353,000. PNC Financial Services Group Inc. grew its stake in shares of Axcelis Technologies by 22.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,358 shares of the semiconductor company's stock valued at $117,000 after purchasing an additional 425 shares during the period. Moors & Cabot Inc. grew its stake in shares of Axcelis Technologies by 11.7% during the 1st quarter. Moors & Cabot Inc. now owns 7,830 shares of the semiconductor company's stock valued at $389,000 after purchasing an additional 820 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Axcelis Technologies during the 1st quarter valued at about $38,000. Finally, Federated Hermes Inc. grew its stake in shares of Axcelis Technologies by 7.1% during the 1st quarter. Federated Hermes Inc. now owns 194,192 shares of the semiconductor company's stock valued at $9,646,000 after purchasing an additional 12,931 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Stock Performance

Shares of NASDAQ:ACLS traded up $2.78 during mid-day trading on Friday, reaching $81.29. 493,569 shares of the company traded hands, compared to its average volume of 575,265. The company's 50 day moving average price is $73.83 and its 200-day moving average price is $62.34. The firm has a market cap of $2.55 billion, a PE ratio of 16.62 and a beta of 1.58. 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, Inc. has a 52 week low of $40.40 and a 52 week high of $115.37.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last announced its quarterly earnings data 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 company 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 firm's revenue was down 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 EPS. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. On average, equities analysts expect that Axcelis Technologies, Inc. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ACLS has been the subject of a number of recent research reports. B. Riley boosted their price target on Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, June 18th. DA Davidson boosted their price target on Axcelis Technologies from $75.00 to $90.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $90.00.

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.