Walleye Capital LLC Boosts Holdings in Axcelis Technologies, Inc. $ACLS

Key Points

• Walleye Capital LLC significantly increased its holdings in Axcelis Technologies by purchasing an additional 93,439 shares, raising its total ownership to 94,169 shares.
• Axcelis Technologies reported earnings of $1.13 per share, exceeding analysts' expectations of $0.73, despite a 24.2% decline in revenue compared to the previous year.
• Several hedge funds, including BlackBarn Capital Partners and Reinhart Partners LLC, have made substantial increases in their positions in Axcelis in the first quarter, reflecting growing institutional interest in the company.

Walleye Capital LLC increased its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) by 12,799.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,169 shares of the semiconductor company's stock after buying an additional 93,439 shares during the quarter. Walleye Capital LLC owned 0.29% of Axcelis Technologies worth $4,677,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in Axcelis Technologies by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company's stock worth $220,530,000 after purchasing an additional 43,768 shares during the last quarter. Reinhart Partners LLC. grew its holdings in shares of Axcelis Technologies by 39.1% during the first quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company's stock valued at $71,576,000 after buying an additional 404,910 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Axcelis Technologies by 7.6% during the first quarter. American Century Companies Inc. now owns 1,140,495 shares of the semiconductor company's stock valued at $56,648,000 after buying an additional 80,399 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of Axcelis Technologies by 0.8% during the first quarter. Boston Trust Walden Corp now owns 826,332 shares of the semiconductor company's stock valued at $41,044,000 after buying an additional 6,216 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Axcelis Technologies by 11.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 724,585 shares of the semiconductor company's stock valued at $50,628,000 after purchasing an additional 71,631 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ACLS shares. B. Riley upped their target price on Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. DA Davidson upped their price objective on shares of Axcelis Technologies from $75.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Axcelis Technologies has an average rating of "Hold" and a consensus target price of $90.00.

Axcelis Technologies Stock Performance

Axcelis Technologies stock traded down $1.97 during mid-day trading on Friday, hitting $80.04. The company had a trading volume of 385,773 shares, compared to its average volume of 571,426. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04. Axcelis Technologies, Inc. has a 12-month low of $40.40 and a 12-month high of $113.37. The company's fifty day moving average is $75.19 and its 200-day moving average is $62.96. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 16.37 and a beta of 1.58.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.73 by $0.40. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%.The business had revenue of $194.54 million for the quarter, compared to analyst estimates of $185.15 million. During the same quarter in the prior year, the firm posted $1.55 EPS. The business's quarterly 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. Equities research analysts predict that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

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.