VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in Axcelis Technologies, Inc. $ACLS

Key Points

• Virginia Retirement Systems acquired 12,638 shares of Axcelis Technologies worth approximately $2.4 million during the second quarter. Institutional investors and hedge funds collectively own 89.98% of the company.
• Axcelis reported quarterly EPS of $1.06, beating analyst estimates of $0.89, while revenue reached $215.18 million, up 10.6% year over year and above expectations.
• ACLS shares opened at $113.30, down 2.0%, while analysts maintain a consensus “Hold” rating with an average price target of $132.20.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,638 shares of the semiconductor company's stock, valued at approximately $2,394,000.

Other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in shares of Axcelis Technologies by 18,338.9% during the 2nd quarter. California State Teachers Retirement System now owns 6,715,434 shares of the semiconductor company's stock valued at $1,272,239,000 after acquiring an additional 6,679,014 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Axcelis Technologies by 85.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company's stock worth $145,207,000 after purchasing an additional 835,242 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Axcelis Technologies by 0.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company's stock worth $78,565,000 after purchasing an additional 3,057 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Axcelis Technologies by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company's stock valued at $31,560,000 after purchasing an additional 44,275 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Axcelis Technologies by 3,402.5% in the first quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company's stock valued at $45,772,000 after purchasing an additional 477,705 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Stock Down 2.0%

Shares of NASDAQ:ACLS opened at $113.30 on Friday. The firm has a market cap of $3.50 billion, a P/E ratio of 38.02, a P/E/G ratio of 3.53 and a beta of 1.86. The company has a quick ratio of 3.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12-month low of $73.60 and a 12-month high of $193.78. The business has a fifty day simple moving average of $130.26 and a 200 day simple moving average of $130.55.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.17. The firm had revenue of $215.18 million for the quarter, compared to analyst estimates of $205.03 million. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%.The business's revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.13 EPS. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. Analysts predict that Axcelis Technologies, Inc. will post 3.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Craig Hallum cut Axcelis Technologies from a "buy" rating to a "hold" rating and set a $140.00 price target on the stock. in a report on Friday, August 7th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Axcelis Technologies in a report on Friday, August 7th. Finally, Bank of America lifted their target price on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an "underperform" rating in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $132.20.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc is a leading developer and manufacturer of ion implantation and cleaning equipment used in the fabrication of semiconductor chips. The company specializes in high-current, medium-current and high-energy ion implantation systems, which are critical for introducing precisely controlled dopants into silicon wafers. Axcelis also offers plasma-based cleaning and dry strip tools that support advanced process nodes in logic, memory and power device manufacturing.

The company's product portfolio encompasses single-wafer and multi-wafer cluster tools designed to deliver high throughput, accuracy and uniformity for semiconductor process steps.

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