Axcelis Technologies (NASDAQ:ACLS) Price Target Raised to $100.00

Axcelis Technologies (NASDAQ:ACLS) had its price objective raised by Bank of America from $90.00 to $100.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an underperform rating on the semiconductor company’s stock.

Several other equities research analysts have also weighed in on ACLS. Benchmark raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. Zacks Research lowered shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. B. Riley reduced their target price on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Finally, DA Davidson increased their price target on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $99.75.

Axcelis Technologies Stock Up 3.5%

ACLS stock opened at $96.50 on Tuesday. The firm’s 50-day moving average is $85.30 and its two-hundred day moving average is $82.68. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 22.81 and a beta of 1.73. Axcelis Technologies has a 52 week low of $40.40 and a 52 week high of $102.93. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.04.

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 analysts’ consensus estimates of $1.01 by $0.20. The business had revenue of $213.61 million during the quarter, compared to analyst estimates of $200.06 million. Axcelis Technologies had a return on equity of 14.58% and a net margin of 15.93%.Axcelis Technologies’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS. Axcelis Technologies has set its Q4 2025 guidance at 1.120-1.120 EPS. On average, analysts forecast that Axcelis Technologies will post 2.55 earnings per share for the current fiscal year.

Insider Transactions at Axcelis Technologies

In related news, Director Jorge Titinger sold 2,000 shares of Axcelis Technologies stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $86.05, for a total transaction of $172,100.00. Following the completion of the transaction, the director owned 7,477 shares in the company, valued at approximately $643,395.85. This trade represents a 21.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gerald M. Blumenstock sold 3,034 shares of the stock in a transaction dated Thursday, December 11th. The shares were 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. The trade was a 13.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors have recently modified their holdings of ACLS. American Century Companies Inc. raised its holdings in Axcelis Technologies by 45.5% during the 2nd quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock valued at $115,648,000 after acquiring an additional 518,968 shares during the period. Reinhart Partners LLC. lifted its holdings in shares of Axcelis Technologies by 6.0% in the third quarter. Reinhart Partners LLC. now owns 1,610,332 shares of the semiconductor company’s stock worth $157,234,000 after buying an additional 91,788 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Axcelis Technologies by 9.6% in the third quarter. Victory Capital Management Inc. now owns 972,162 shares of the semiconductor company’s stock valued at $90,243,000 after acquiring an additional 85,407 shares during the period. Primecap Management Co. CA grew its stake in Axcelis Technologies by 2.1% during the second quarter. Primecap Management Co. CA now owns 852,296 shares of the semiconductor company’s stock valued at $59,397,000 after acquiring an additional 17,230 shares in the last quarter. Finally, Boston Trust Walden Corp increased its holdings in Axcelis Technologies by 2.4% during the 2nd quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company’s stock worth $58,952,000 after acquiring an additional 19,579 shares during the period. 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.