Axcelis Technologies (NASDAQ:ACLS) Given New $110.00 Price Target at DA Davidson

Axcelis Technologies (NASDAQ:ACLS) had its price target hoisted by DA Davidson from $90.00 to $110.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts also recently issued reports on ACLS. B. Riley raised their price target on Axcelis Technologies from $58.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 18th. Benchmark raised Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Thursday. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $98.75.

Axcelis Technologies Trading Down 1.3%

NASDAQ ACLS opened at $93.57 on Thursday. The company has a market cap of $2.94 billion, a PE ratio of 19.13 and a beta of 1.75. The company has a current ratio of 6.01, a quick ratio of 4.26 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 12 month low of $40.40 and a 12 month high of $107.23. The stock has a 50 day moving average of $83.60 and a 200-day moving average of $67.88.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its position in Axcelis Technologies by 36.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,748 shares of the semiconductor company’s stock worth $191,000 after buying an additional 730 shares during the period. Squarepoint Ops LLC increased its position in shares of Axcelis Technologies by 37.0% in the second quarter. Squarepoint Ops LLC now owns 100,023 shares of the semiconductor company’s stock worth $6,971,000 after purchasing an additional 27,021 shares during the period. Public Sector Pension Investment Board increased its position in shares of Axcelis Technologies by 6.3% in the second quarter. Public Sector Pension Investment Board now owns 109,575 shares of the semiconductor company’s stock worth $7,636,000 after purchasing an additional 6,508 shares during the period. Headlands Technologies LLC increased its position in shares of Axcelis Technologies by 918.3% in the second quarter. Headlands Technologies LLC now owns 5,550 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 5,005 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Axcelis Technologies by 86.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,145 shares of the semiconductor company’s stock worth $289,000 after purchasing an additional 1,927 shares during the period. Institutional investors own 89.98% of the company’s stock.

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.