Axcelis Technologies (NASDAQ:ACLS) Rating Increased to Buy at Benchmark

Benchmark upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a report released on Thursday morning, MarketBeat.com reports. They currently have $105.00 target price on the semiconductor company’s stock.

ACLS has been the topic of several other research reports. DA Davidson boosted their target price on shares of Axcelis Technologies from $75.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. B. Riley boosted their target price on shares of Axcelis Technologies from $58.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, June 18th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Axcelis Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $98.75.

Axcelis Technologies Stock Down 1.3%

Shares of Axcelis Technologies stock opened at $93.57 on Thursday. The firm’s 50 day moving average price is $83.60 and its 200-day moving average price is $67.88. The company has a quick ratio of 4.26, a current ratio of 6.01 and a debt-to-equity ratio of 0.04. Axcelis Technologies has a 52-week low of $40.40 and a 52-week high of $107.23. The company has a market cap of $2.94 billion, a P/E ratio of 19.13 and a beta of 1.75.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.40. The company had revenue of $194.54 million for 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%. Axcelis Technologies’s revenue was down 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. On average, sell-side analysts predict that Axcelis Technologies will post 2.55 EPS for the current fiscal year.

Institutional Trading of Axcelis Technologies

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Axcelis Technologies by 1.0% during the first quarter. Vanguard Group Inc. now owns 4,439,902 shares of the semiconductor company’s stock worth $220,530,000 after buying an additional 43,768 shares in the last quarter. American Century Companies Inc. raised its position in Axcelis Technologies by 45.5% during the second quarter. American Century Companies Inc. now owns 1,659,463 shares of the semiconductor company’s stock worth $115,648,000 after acquiring an additional 518,968 shares during the period. Reinhart Partners LLC. raised its position in Axcelis Technologies by 5.4% during the second quarter. Reinhart Partners LLC. now owns 1,518,544 shares of the semiconductor company’s stock worth $105,828,000 after acquiring an additional 77,522 shares during the period. Primecap Management Co. CA raised its position in Axcelis Technologies by 2.1% during the second quarter. Primecap Management Co. CA now owns 852,296 shares of the semiconductor company’s stock worth $59,397,000 after acquiring an additional 17,230 shares during the period. Finally, Boston Trust Walden Corp raised its position in Axcelis Technologies by 2.4% during the second quarter. Boston Trust Walden Corp now owns 845,911 shares of the semiconductor company’s stock worth $58,952,000 after acquiring an additional 19,579 shares during the period. 89.98% of the stock is owned by hedge funds and other institutional investors.

About Axcelis Technologies

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.