Axcelis Technologies (NASDAQ:ACLS) Upgraded to “Buy” at Wall Street Zen

Axcelis Technologies (NASDAQ:ACLS) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. Weiss Ratings upgraded shares of Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. B. Riley Financial reaffirmed a “buy” rating and set a $140.00 price target (down from $165.00) on shares of Axcelis Technologies in a research note on Friday. Finally, Craig Hallum raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Friday. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $145.33.

Axcelis Technologies Stock Up 10.3%

Shares of ACLS opened at $99.24 on Friday. The stock’s 50-day moving average price is $115.62 and its two-hundred day moving average price is $122.71. 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 company has a market capitalization of $3.06 billion, a PE ratio of 24.33, a PEG ratio of 2.91 and a beta of 1.88.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. The firm had revenue of $237.78 million during the quarter, compared to analyst estimates of $230.08 million. Axcelis Technologies had a return on equity of 11.69% and a net margin of 10.71%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.21 earnings per share. Axcelis Technologies has set its Q4 2026 guidance at 1.500-1.500 EPS. On average, analysts anticipate that Axcelis Technologies will post 3.39 EPS for the current year.

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Heritage Family Offices LLP bought a new stake in shares of Axcelis Technologies during the 3rd quarter worth approximately $60,000. Parallel Advisors LLC lifted its position in Axcelis Technologies by 22.0% in the 1st quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company’s stock worth $62,000 after buying an additional 120 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Axcelis Technologies by 25.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 598 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 123 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Axcelis Technologies in the 2nd quarter valued at about $82,000. Finally, Ancora Advisors LLC bought a new position in Axcelis Technologies during the 2nd quarter worth $95,000. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

More Axcelis Technologies News

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

• Positive Sentiment: Third-quarter earnings beat expectations: non-GAAP EPS was $1.26 versus a $1.11 consensus, while revenue of $237.8 million topped estimates of about $230 million and rose 11.3% year over year. Axcelis Announces Financial Results for Third Quarter 2026
• Positive Sentiment: Axcelis forecast fourth-quarter revenue of $275 million and EPS of $1.50, both well above analyst estimates of roughly $239 million and $1.18, respectively. The upbeat outlook is a key reason for the positive investor reaction. Axcelis expects about $275M Q4 revenue
• Positive Sentiment: Craig Hallum upgraded ACLS from Hold to Buy and set a $140 price target, signaling improved analyst sentiment. Craig Hallum upgrades Axcelis
• Neutral Sentiment: Axcelis said it is targeting completion of its Veeco merger by the end of the first quarter of 2027; the transaction’s eventual impact will depend on closing and integration. Merger timing and Q4 outlook
• Negative Sentiment: B. Riley reaffirmed its Buy rating but cut its price target to $140 from $165, tempering the bullish signal despite the target remaining above the current share price. B. Riley reaffirms Buy and lowers target

Axcelis Technologies Company Profile

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.