B. Riley Cuts Axcelis Technologies (NASDAQ:ACLS) Price Target to $84.00

Axcelis Technologies (NASDAQ:ACLS) had its price target cut by B. Riley from $85.00 to $84.00 in a report released on Wednesday,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock. B. Riley also issued estimates for Axcelis Technologies’ Q2 2026 earnings at $0.85 EPS, Q3 2026 earnings at $0.86 EPS and Q4 2026 earnings at $0.86 EPS.

Several other analysts have also recently weighed in on ACLS. Bank of America cut Axcelis Technologies from a “neutral” rating to an “underperform” rating and raised their price target for the company from $81.00 to $90.00 in a report on Monday, October 13th. Wall Street Zen upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. 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 reaffirmed a “hold (c)” rating on shares of Axcelis Technologies in a research note on Wednesday, October 8th. Finally, DA Davidson boosted their target price on Axcelis Technologies from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Three 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $98.80.

Axcelis Technologies Stock Up 4.4%

Shares of NASDAQ:ACLS opened at $85.74 on Wednesday. The firm has a fifty day moving average price of $86.28 and a two-hundred day moving average price of $74.11. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 17.53 and a beta of 1.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.01 and a quick ratio of 4.26. Axcelis Technologies has a one year low of $40.40 and a one year high of $102.93.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Monday, April 21st. The semiconductor company reported $1.71 earnings per share (EPS) for the quarter. The company had revenue of $252.42 million for the quarter. Axcelis Technologies had a return on equity of 16.26% and a net margin of 17.69%. Analysts anticipate that Axcelis Technologies will post 2.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Axcelis Technologies

A number of large investors have recently made changes to their positions in ACLS. Salomon & Ludwin LLC bought a new stake in Axcelis Technologies in the third quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its position 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 purchasing an additional 267 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Axcelis Technologies by 50.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 161 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Axcelis Technologies during the first quarter valued at about $38,000. Finally, Parallel Advisors LLC increased its position in shares of Axcelis Technologies by 129.0% during the second quarter. Parallel Advisors LLC now owns 545 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 307 shares during the period. 89.98% of the stock is currently owned by institutional investors.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.