Axcelis Technologies (NASDAQ:ACLS) Stock Moved Up to “Buy” by Craig Hallum

Axcelis Technologies (NASDAQ:ACLS) was upgraded by equities research analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has a $140.00 target price on the semiconductor company’s stock. Craig Hallum‘s price target would indicate a potential upside of 55.56% from the stock’s previous close.

Separately, Weiss Ratings raised shares of Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 16th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $148.67.

Axcelis Technologies Trading Down 2.3%

NASDAQ ACLS opened at $90.00 on Friday. The company has a market cap of $2.78 billion, a PE ratio of 23.57, a PEG ratio of 2.81 and a beta of 1.88. 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 has a 12 month low of $73.60 and a 12 month high of $193.78. The stock has a 50 day moving average of $116.08 and a 200-day moving average of $122.65.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Thursday, November 5th. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The business had revenue of $237.78 million for the quarter, compared to the consensus estimate of $230.08 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 11.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. Axcelis Technologies has set its Q4 2026 guidance at 1.500-1.500 EPS. On average, equities research analysts anticipate that Axcelis Technologies will post 3.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Maryland State Retirement & Pension System grew its stake in Axcelis Technologies by 54.4% during the third quarter. Maryland State Retirement & Pension System now owns 6,934 shares of the semiconductor company’s stock worth $910,000 after buying an additional 2,444 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Axcelis Technologies by 1.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,747 shares of the semiconductor company’s stock valued at $2,066,000 after buying an additional 257 shares in the last quarter. Lido Advisors LLC raised its position in shares of Axcelis Technologies by 18.7% in the 3rd quarter. Lido Advisors LLC now owns 4,943 shares of the semiconductor company’s stock valued at $648,000 after buying an additional 780 shares in the last quarter. StoneRidge PMG Advisors LLC acquired a new position in shares of Axcelis Technologies in the 3rd quarter valued at approximately $233,000. Finally, Hohimer Wealth Management LLC bought a new stake in shares of Axcelis Technologies during the 3rd quarter worth approximately $405,000. 89.98% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Axcelis Technologies

Here are the key news stories impacting Axcelis Technologies this week:

• Positive Sentiment: Q3 revenue was $237.8 million, ahead of the roughly $230.1 million estimate and up 11.3% year over year. Adjusted (non-GAAP) diluted EPS of $1.26 topped the $1.11 consensus; GAAP diluted EPS was $1.21. Axcelis Announces Financial Results for Third Quarter 2026
• Positive Sentiment: Q4 guidance was notably above analyst expectations: Axcelis forecast revenue of $275 million versus about $239.3 million consensus, and EPS of $1.50 versus $1.18. The outlook points to stronger near-term performance than investors had anticipated. Axcelis Q4 outlook and merger timing
• Neutral Sentiment: The company is targeting completion of its Veeco merger by the end of Q1 2027. The deal could reshape the business, but the announcement provides no further detail on its expected financial impact or remaining closing steps. Axcelis Q4 outlook and merger timing

About Axcelis Technologies

Axcelis Technologies, Inc develops and manufactures equipment used in the fabrication of semiconductor devices. The company is best known for its ion implantation systems, which precisely introduce dopant atoms into silicon wafers to control the electrical properties of semiconductor components.

Its product portfolio includes the Purion family of ion implantation systems, designed for applications such as high-current, medium-current and high-energy implantation. Axcelis also provides related aftermarket products and services, including spare parts, equipment upgrades, process support and customer training.

Headquartered in Beverly, Massachusetts, Axcelis serves semiconductor manufacturers and other customers in major chip-production regions worldwide.