Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $101.50 Average Target Price from Analysts
by Teresa Graham · The Cerbat GemShares of Axcelis Technologies, Inc. (NASDAQ:ACLS – Get Free Report) have earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $101.50.
ACLS has been the subject of several analyst reports. B. Riley Financial decreased their price objective on Axcelis Technologies from $94.00 to $91.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Zacks Research lowered Axcelis Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. Wall Street Zen lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Bank of America increased their price objective on Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a report on Tuesday, January 13th.
Read Our Latest Research Report on ACLS
Insider Buying and Selling at Axcelis Technologies
In other news, CEO Russell Low sold 1,244 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $94.06, for a total transaction of $117,010.64. Following the completion of the sale, the chief executive officer owned 132,282 shares in the company, valued at approximately $12,442,444.92. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jorge Titinger sold 1,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the sale, the director owned 6,477 shares of the company’s stock, valued at approximately $518,160. This represents a 13.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.49% of the company’s stock.
Hedge Funds Weigh In On Axcelis Technologies
Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of Axcelis Technologies by 1,344.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 109,628 shares of the semiconductor company’s stock valued at $10,388,000 after acquiring an additional 102,040 shares during the period. Summit Global Investments acquired a new position in shares of Axcelis Technologies in the 3rd quarter valued at $789,000. Squarepoint Ops LLC increased its position in shares of Axcelis Technologies by 37.0% in the 2nd quarter. Squarepoint Ops LLC now owns 100,023 shares of the semiconductor company’s stock valued at $6,971,000 after acquiring an additional 27,021 shares during the period. AlphaQuest LLC acquired a new position in shares of Axcelis Technologies in the 3rd quarter valued at $1,347,000. Finally, Jackson Creek Investment Advisors LLC acquired a new position in shares of Axcelis Technologies in the 3rd quarter valued at $2,177,000. 89.98% of the stock is owned by institutional investors and hedge funds.
Axcelis Technologies Stock Down 0.0%
Axcelis Technologies stock opened at $118.73 on Monday. The business has a fifty day moving average of $92.31 and a two-hundred day moving average of $88.00. The company has a quick ratio of 3.11, a current ratio of 4.77 and a debt-to-equity ratio of 0.04. The firm has a market cap of $3.65 billion, a P/E ratio of 31.33, a P/E/G ratio of 14.20 and a beta of 1.65. Axcelis Technologies has a twelve month low of $43.00 and a twelve month high of $121.84.
Axcelis Technologies (NASDAQ:ACLS – Get Free Report) last posted its earnings results on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.37. Axcelis Technologies had a return on equity of 13.73% and a net margin of 14.33%.The company had revenue of $238.33 million during the quarter, compared to analyst estimates of $215.04 million. During the same quarter in the prior year, the business earned $1.54 earnings per share. Axcelis Technologies’s revenue was down 5.6% on a year-over-year basis. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. On average, analysts forecast that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.
Axcelis Technologies Company Profile
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.