Axcelis Technologies (NASDAQ:ACLS) Price Target Raised to $100.00 at Bank of America

Axcelis Technologies (NASDAQ:ACLS) had its price target increased by Bank of America from $90.00 to $100.00 in a report published on Tuesday morning,Benzinga reports. Bank of America currently has an underperform rating on the semiconductor company’s stock.

A number of other analysts also recently issued reports on the company. B. Riley lowered their target price on Axcelis Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Zacks Research downgraded Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. DA Davidson upped their price objective on Axcelis Technologies from $90.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Wall Street Zen downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $100.80.

Axcelis Technologies Stock Performance

Shares of ACLS stock opened at $97.04 on Tuesday. Axcelis Technologies has a 12 month low of $40.40 and a 12 month high of $102.93. The company’s fifty day simple moving average is $84.84 and its 200-day simple moving average is $82.51. The firm has a market cap of $2.98 billion, a PE ratio of 22.94 and a beta of 1.73. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.04.

Axcelis Technologies (NASDAQ:ACLS) last released its earnings results on Tuesday, November 4th. The semiconductor company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.20. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The business had revenue of $213.61 million during the quarter, compared to the consensus estimate of $200.06 million. During the same quarter last year, the firm earned $1.49 earnings per share. The firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. Axcelis Technologies has set its Q4 2025 guidance at 1.120-1.120 EPS. Equities research analysts expect that Axcelis Technologies will post 2.55 EPS for the current fiscal year.

Insider Activity at Axcelis Technologies

In other Axcelis Technologies news, EVP Gerald M. Blumenstock sold 3,034 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $89.46, for a total value of $271,421.64. Following the sale, the executive vice president owned 18,661 shares in the company, valued at $1,669,413.06. This represents a 13.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jorge Titinger sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $86.05, for a total value of $172,100.00. Following the completion of the sale, the director directly owned 7,477 shares of the company’s stock, valued at approximately $643,395.85. The trade was a 21.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.48% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Axcelis Technologies

Several hedge funds have recently added to or reduced their stakes in ACLS. EverSource Wealth Advisors LLC increased its holdings in shares of Axcelis Technologies by 29.7% in the third quarter. EverSource Wealth Advisors LLC now owns 585 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 134 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Axcelis Technologies by 18.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 957 shares of the semiconductor company’s stock worth $93,000 after buying an additional 150 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Axcelis Technologies by 50.3% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock worth $34,000 after buying an additional 161 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in Axcelis Technologies by 2.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,243 shares of the semiconductor company’s stock valued at $902,000 after buying an additional 207 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new position in Axcelis Technologies in the 3rd quarter valued at about $25,000. Institutional investors and hedge funds 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.