B. Riley Forecasts Strong Price Appreciation for Axcelis Technologies (NASDAQ:ACLS) Stock

Axcelis Technologies (NASDAQ:ACLS) had its price objective lifted by research analysts at B. Riley from $84.00 to $94.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. B. Riley’s price objective indicates a potential upside of 2.64% from the stock’s previous close.

A number of other equities analysts have also recently commented on the company. DA Davidson boosted their price target on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Benchmark raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Thursday, October 2nd. Bank of America increased their target price on shares of Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a report on Tuesday, January 13th. Wall Street Zen lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $102.25.

Axcelis Technologies Stock Performance

Shares of ACLS traded up $3.43 during trading hours on Wednesday, hitting $91.59. The company had a trading volume of 62,677 shares, compared to its average volume of 558,887. The business has a fifty day moving average of $85.61 and a 200-day moving average of $83.25. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 21.65 and a beta of 1.73. Axcelis Technologies has a 12 month low of $40.40 and a 12 month high of $102.93.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.20. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The firm had revenue of $213.61 million for the quarter, compared to analysts’ expectations of $200.06 million. During the same period in the prior year, the firm earned $1.49 EPS. The business’s revenue was down 16.8% on a year-over-year basis. Axcelis Technologies has set its Q4 2025 guidance at 1.120-1.120 EPS. Equities analysts anticipate that Axcelis Technologies will post 2.55 EPS for the current fiscal year.

Insider Activity

In other news, EVP Gerald M. Blumenstock sold 3,034 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $89.46, for a total transaction of $271,421.64. Following the completion of the transaction, the executive vice president directly owned 18,661 shares in the company, valued at $1,669,413.06. This trade represents a 13.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jorge Titinger sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $86.05, for a total value of $172,100.00. Following the completion of the sale, the director owned 7,477 shares in the company, valued at $643,395.85. The trade was a 21.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

Several institutional investors have recently added to or reduced their stakes in the business. Salomon & Ludwin LLC bought a new stake in Axcelis Technologies during the 3rd quarter valued at $25,000. Close Asset Management Ltd acquired a new position in shares of Axcelis Technologies during the third quarter valued at about $27,000. Advisory Services Network LLC bought a new stake in shares of Axcelis Technologies during the third quarter worth about $32,000. Caitlin John LLC acquired a new stake in shares of Axcelis Technologies in the 3rd quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 267 shares during the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

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.