Wellington Management Group LLP Takes Position in Axcelis Technologies, Inc. $ACLS

Key Points

• Wellington Management Group acquired 68,987 Axcelis Technologies shares worth approximately $13.1 million, giving it a 0.22% stake. Institutional investors and hedge funds collectively own 89.98% of ACLS.
• Analysts maintain a generally cautious outlook, with a consensus “Hold” rating and an average price target of $132.20; ratings include three Buys, three Holds, and one Sell.
• Axcelis exceeded quarterly expectations, reporting $1.06 in EPS versus the $0.89 estimate and $215.18 million in revenue, up 10.6% year over year. Shares opened at $115.08, well below their 52-week high of $193.78.

Wellington Management Group LLP acquired a new position in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 68,987 shares of the semiconductor company's stock, valued at approximately $13,070,000. Wellington Management Group LLP owned approximately 0.22% of Axcelis Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. UBS Group AG lifted its stake in Axcelis Technologies by 67.6% in the 4th quarter. UBS Group AG now owns 213,388 shares of the semiconductor company's stock valued at $17,144,000 after acquiring an additional 86,065 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Axcelis Technologies by 3,402.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company's stock worth $45,772,000 after acquiring an additional 477,705 shares during the last quarter. Peterson Wealth Services grew its stake in shares of Axcelis Technologies by 1,750.8% during the 4th quarter. Peterson Wealth Services now owns 7,403 shares of the semiconductor company's stock worth $595,000 after acquiring an additional 7,003 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Axcelis Technologies in the first quarter valued at approximately $1,004,000. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Axcelis Technologies by 96.1% in the first quarter. Segall Bryant & Hamill LLC now owns 200,371 shares of the semiconductor company's stock valued at $18,651,000 after purchasing an additional 98,184 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ACLS has been the topic of a number of research reports. Weiss Ratings reissued a "hold (c-)" rating on shares of Axcelis Technologies in a research report on Friday, August 7th. Bank of America boosted their price target 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. Finally, Craig Hallum downgraded shares of Axcelis Technologies from a "buy" rating to a "hold" rating and set a $140.00 price objective for the company. in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Axcelis Technologies has a consensus rating of "Hold" and a consensus price target of $132.20.

Axcelis Technologies Stock Performance

NASDAQ:ACLS opened at $115.08 on Tuesday. The stock has a 50 day simple moving average of $133.55 and a 200 day simple moving average of $129.80. The stock has a market cap of $3.55 billion, a P/E ratio of 38.62, a PEG ratio of 3.52 and a beta of 1.86. Axcelis Technologies, Inc. has a 1-year low of $73.60 and a 1-year high of $193.78. The company has a current ratio of 4.90, a quick ratio of 3.21 and a debt-to-equity ratio of 0.04.

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

About Axcelis Technologies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.