Analysts Set Axcelis Technologies, Inc. (NASDAQ:ACLS) PT at $132.20

Axcelis Technologies, Inc. (NASDAQ:ACLS) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $132.20.

Several analysts have recently commented on the company. Craig Hallum downgraded 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. Bank of America lifted their target price on Axcelis Technologies from $130.00 to $156.00 and gave the company an “underperform” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a report on Friday, August 7th.

Axcelis Technologies Trading Down 1.2%

NASDAQ:ACLS opened at $124.97 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 3.21. The firm has a 50-day moving average of $148.39 and a 200-day moving average of $127.39. The company has a market cap of $3.86 billion, a PE ratio of 41.94, a PEG ratio of 3.86 and a beta of 1.92. Axcelis Technologies has a one year low of $73.60 and a one year high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.17. The business had revenue of $215.18 million for the quarter, compared to analysts’ expectations of $205.03 million. Axcelis Technologies had a net margin of 10.71% and a return on equity of 11.69%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.13 EPS. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. As a group, equities research analysts expect that Axcelis Technologies will post 3.39 EPS for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, Director Necip Sayiner sold 1,586 shares of Axcelis Technologies stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $157.44, for a total transaction of $249,699.84. Following the transaction, the director directly owned 7,112 shares of the company’s stock, valued at $1,119,713.28. The trade was a 18.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Todd Sutton sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $159.99, for a total transaction of $319,980.00. Following the completion of the sale, the vice president owned 6,360 shares of the company’s stock, valued at approximately $1,017,536.40. The trade was a 23.92% decrease in their position. The SEC filing for this sale provides additional information. 0.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors have recently added to or reduced their stakes in ACLS. Victory Capital Management Inc. lifted its position in shares of Axcelis Technologies by 85.9% during the 4th quarter. Victory Capital Management Inc. now owns 1,807,404 shares of the semiconductor company’s stock worth $145,207,000 after buying an additional 835,242 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Axcelis Technologies by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 844,097 shares of the semiconductor company’s stock valued at $78,565,000 after acquiring an additional 3,057 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Axcelis Technologies by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after acquiring an additional 44,275 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Axcelis Technologies by 3,402.5% during the first quarter. The Manufacturers Life Insurance Company now owns 491,745 shares of the semiconductor company’s stock valued at $45,772,000 after acquiring an additional 477,705 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Axcelis Technologies by 23.8% during the fourth quarter. Invesco Ltd. now owns 478,897 shares of the semiconductor company’s stock valued at $38,475,000 after acquiring an additional 92,162 shares during the last quarter. 89.98% of the stock is owned by institutional investors.

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.