Axcelis Technologies, Inc. (NASDAQ:ACLS) Receives $132.20 Consensus Target Price from Analysts

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) have received an average recommendation of “Hold” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $132.20.

A number of equities research analysts recently issued reports on ACLS shares. Craig Hallum lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a report on Friday, August 7th. Bank of America increased their target price on shares of Axcelis Technologies from $130.00 to $156.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axcelis Technologies in a research note on Friday, August 7th.

Axcelis Technologies Price Performance

Shares of NASDAQ ACLS opened at $127.07 on Friday. The firm has a 50-day simple moving average of $147.33 and a 200-day simple moving average of $127.39. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 42.64, a price-to-earnings-growth ratio of 3.88 and a beta of 1.92. The company has a quick ratio of 3.21, a current ratio of 4.90 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 52 week low of $73.60 and a 52 week high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.17. The company had revenue of $215.18 million during 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%. Axcelis Technologies’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.13 EPS. Axcelis Technologies has set its Q3 2026 guidance at 1.110-1.110 EPS. On average, equities analysts predict that Axcelis Technologies will post 3.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Axcelis Technologies

In other Axcelis Technologies news, VP Todd Sutton sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $159.99, for a total value of $319,980.00. Following the transaction, the vice president directly owned 6,360 shares in the company, valued at $1,017,536.40. This represents a 23.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the transaction, the director directly owned 7,112 shares in the company, valued at $1,119,713.28. The trade was a 18.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of Axcelis Technologies by 3.8% during the 1st quarter. Royal Bank of Canada now owns 117,566 shares of the semiconductor company’s stock worth $5,838,000 after purchasing an additional 4,324 shares during the period. AQR Capital Management LLC boosted its holdings in Axcelis Technologies by 4.9% during the first quarter. AQR Capital Management LLC now owns 35,717 shares of the semiconductor company’s stock worth $1,774,000 after buying an additional 1,678 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Axcelis Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,396 shares of the semiconductor company’s stock worth $963,000 after buying an additional 849 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Axcelis Technologies by 7.5% during the first quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock worth $31,560,000 after buying an additional 44,275 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Axcelis Technologies by 1.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,756 shares of the semiconductor company’s stock valued at $3,912,000 after buying an additional 836 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

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.