Q3 EPS Estimate for Axcelis Technologies Lifted by Analyst

Key Points

• Analysts at B. Riley raised their Q3 2026 EPS estimate for Axcelis Technologies to $0.88 from $0.83, maintaining a "Neutral" rating and a target price of $75.00.
• DA Davidson upgraded Axcelis Technologies' price target from $75.00 to $90.00 and assigned a "buy" rating, reflecting positive sentiment among analysts.
• The company reported Q2 earnings of $1.13 per share, surpassing estimates and showing a 24.2% decrease in revenue compared to the previous year.

Axcelis Technologies, Inc. (NASDAQ:ACLS - Free Report) - Investment analysts at B. Riley boosted their Q3 2026 EPS estimates for shares of Axcelis Technologies in a research report issued to clients and investors on Tuesday, August 5th. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings of $0.88 per share for the quarter, up from their prior forecast of $0.83. B. Riley currently has a "Neutral" rating and a $75.00 target price on the stock. The consensus estimate for Axcelis Technologies' current full-year earnings is $2.55 per share.

Separately, DA Davidson increased their price objective on shares of Axcelis Technologies from $75.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Axcelis Technologies has a consensus rating of "Hold" and an average price target of $90.00.

Axcelis Technologies Stock Down 0.1%

NASDAQ ACLS traded down $0.12 during trading on Friday, hitting $79.39. The company's stock had a trading volume of 74,193 shares, compared to its average volume of 638,997. Axcelis Technologies has a fifty-two week low of $40.40 and a fifty-two week high of $117.57. The company has a market cap of $2.49 billion, a PE ratio of 16.24 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 4.08. The business's 50 day simple moving average is $70.02 and its 200-day simple moving average is $61.49.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, beating 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 firm had revenue of $194.54 million during the quarter, compared to analyst estimates of $185.15 million. During the same quarter in the prior year, the business posted $1.55 EPS. The business's revenue for the quarter was down 24.2% compared to the same quarter last year.

Hedge Funds Weigh In On Axcelis Technologies

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Axcelis Technologies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company's stock valued at $220,530,000 after acquiring an additional 43,768 shares during the last quarter. Reinhart Partners LLC. grew its position in Axcelis Technologies by 5.4% during the 2nd quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company's stock worth $105,828,000 after purchasing an additional 77,522 shares during the period. American Century Companies Inc. raised its stake in shares of Axcelis Technologies by 7.6% during the 1st 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. Geode Capital Management LLC lifted its holdings in shares of Axcelis Technologies by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 897,750 shares of the semiconductor company's stock valued at $62,738,000 after buying an additional 23,234 shares during the period. Finally, Boston Trust Walden Corp boosted its stake in shares of Axcelis Technologies by 2.4% in the second quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company's stock worth $58,952,000 after buying an additional 19,579 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Axcelis Technologies

In other news, Director John T. Kurtzweil sold 1,682 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $61.93, for a total value of $104,166.26. Following the completion of the transaction, the director directly owned 35,050 shares in the company, valued at $2,170,646.50. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.48% of the company's stock.

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.

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