Wealth Enhancement Advisory Services LLC Invests $336,000 in Axcelis Technologies, Inc. $ACLS

Key Points

• Wealth Enhancement Advisory Services LLC has invested approximately $336,000 in Axcelis Technologies by acquiring 4,604 shares during the 2nd quarter.
• Axcelis Technologies reported earnings of $1.13 EPS for the last quarter, exceeding analysts' expectations significantly, despite a 24.2% decline in quarterly revenue compared to the previous year.
• Analysts have recently upgraded Axcelis Technologies, with multiple firms raising target prices and rating the stock, reflecting a generally bullish outlook on its performance.

Wealth Enhancement Advisory Services LLC bought a new position in Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,604 shares of the semiconductor company's stock, valued at approximately $336,000.

Other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its position in Axcelis Technologies by 50.3% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 161 shares during the last quarter. Eagle Bay Advisors LLC raised its position in 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 last quarter. Advisors Asset Management Inc. raised its position in 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 last quarter. Parallel Advisors LLC raised its position in Axcelis Technologies by 129.0% in the 2nd quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company's stock worth $38,000 after purchasing an additional 307 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in 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 last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Axcelis Technologies Trading Down 4.6%

Axcelis Technologies stock opened at $83.66 on Wednesday. The firm has a 50-day moving average of $84.36 and a 200-day moving average of $68.58. Axcelis Technologies, Inc. has a one year low of $40.40 and a one year high of $107.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.01 and a quick ratio of 4.26. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 17.11 and a beta of 1.75.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its 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 company had revenue of $194.54 million for the quarter, compared to analysts' expectations of $185.15 million. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. Axcelis Technologies's quarterly revenue was down 24.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on ACLS shares. Benchmark upgraded shares of Axcelis Technologies from a "hold" rating to a "buy" rating and set a $105.00 target price for the company in a research report on Thursday, October 2nd. DA Davidson upped their target price on shares of Axcelis Technologies from $90.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Weiss Ratings reiterated a "hold (c)" rating on shares of Axcelis Technologies in a research report on Saturday, September 27th. Finally, B. Riley upped their target price on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, June 18th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $98.75.

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.

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