PNC Financial Services Group Inc. Acquires 425 Shares of Axcelis Technologies, Inc. $ACLS

PNC Financial Services Group Inc. grew its position in Axcelis Technologies, Inc. (NASDAQ:ACLS) by 22.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,358 shares of the semiconductor company’s stock after purchasing an additional 425 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Axcelis Technologies were worth $117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Reinhart Partners LLC. grew its holdings in Axcelis Technologies by 39.1% in the first quarter. Reinhart Partners LLC. now owns 1,441,022 shares of the semiconductor company’s stock worth $71,576,000 after purchasing an additional 404,910 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Axcelis Technologies by 0.8% in the first quarter. Boston Trust Walden Corp now owns 826,332 shares of the semiconductor company’s stock worth $41,044,000 after purchasing an additional 6,216 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Axcelis Technologies by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 724,585 shares of the semiconductor company’s stock worth $50,628,000 after purchasing an additional 71,631 shares during the last quarter. Millennium Management LLC grew its holdings in Axcelis Technologies by 148.7% in the fourth quarter. Millennium Management LLC now owns 290,270 shares of the semiconductor company’s stock worth $20,281,000 after purchasing an additional 173,574 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Axcelis Technologies by 104.4% in the fourth quarter. Bank of America Corp DE now owns 285,284 shares of the semiconductor company’s stock worth $19,933,000 after purchasing an additional 145,701 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ACLS has been the topic of several analyst reports. DA Davidson lifted their price target on shares of Axcelis Technologies from $75.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. B. Riley boosted their price objective on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 18th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Axcelis Technologies has a consensus rating of “Hold” and an average target price of $90.00.

Axcelis Technologies Trading Down 0.7%

Shares of Axcelis Technologies stock opened at $80.20 on Wednesday. The firm has a 50-day simple moving average of $73.09 and a two-hundred day simple moving average of $62.06. The company has a market cap of $2.52 billion, a P/E ratio of 16.40 and a beta of 1.58. Axcelis Technologies, Inc. has a fifty-two week low of $40.40 and a fifty-two week high of $117.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.26 and a current ratio of 6.01.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.40. The business had revenue of $194.54 million during the quarter, compared to the consensus estimate of $185.15 million. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The company’s revenue was down 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.55 earnings per share. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. As a group, equities analysts predict that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current fiscal year.

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.