Axcelis Technologies (NASDAQ:ACLS) Price Target Raised to $94.00 at B. Riley

Axcelis Technologies (NASDAQ:ACLS) had its price objective upped by B. Riley from $84.00 to $94.00 in a research report sent to investors on Wednesday morning,Benzinga reports. B. Riley currently has a neutral rating on the semiconductor company’s stock.

ACLS has been the subject of a number of other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. Zacks Research lowered Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Bank of America upped their target price on Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a report on Tuesday, January 13th. Wall Street Zen downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Benchmark upgraded Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $102.25.

Axcelis Technologies Stock Up 6.0%

Shares of ACLS opened at $93.42 on Wednesday. The firm has a fifty day moving average price of $85.77 and a 200-day moving average price of $83.32. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $2.87 billion, a P/E ratio of 22.09 and a beta of 1.73. Axcelis Technologies has a 12-month low of $40.40 and a 12-month high of $102.93.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $1.21 EPS for the quarter, topping the consensus estimate of $1.01 by $0.20. The company had revenue of $213.61 million for the quarter, compared to the consensus estimate of $200.06 million. Axcelis Technologies had a net margin of 15.93% and a return on equity of 14.58%. The firm’s revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.49 EPS. 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 earnings per share for the current year.

Insider Transactions at Axcelis Technologies

In other news, Director Jorge Titinger sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $86.05, for a total value of $172,100.00. Following the sale, the director directly owned 7,477 shares in the company, valued at approximately $643,395.85. This trade represents a 21.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gerald M. Blumenstock sold 3,034 shares of the business’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 transaction of $271,421.64. Following the transaction, the executive vice president owned 18,661 shares of the company’s stock, valued at approximately $1,669,413.06. This trade represents a 13.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.48% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Axcelis Technologies

A number of large investors have recently made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Axcelis Technologies in the 4th quarter worth $450,000. Allspring Global Investments Holdings LLC raised its stake in Axcelis Technologies by 142.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 266,015 shares of the semiconductor company’s stock valued at $22,909,000 after buying an additional 156,387 shares during the last quarter. Net Worth Advisory Group raised its stake in Axcelis Technologies by 13.4% in the fourth quarter. Net Worth Advisory Group now owns 4,024 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 477 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in Axcelis Technologies by 83.8% in the fourth quarter. Moody National Bank Trust Division now owns 4,834 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 2,204 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Axcelis Technologies during the fourth quarter worth about $1,138,000. 89.98% of the stock is owned by institutional investors and hedge funds.

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.