Axcelis Technologies (NASDAQ:ACLS) Upgraded at Zacks Research

Zacks Research upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. B. Riley Financial upgraded shares of Axcelis Technologies from a “neutral” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Monday. Bank of America boosted their price target on shares of Axcelis Technologies from $90.00 to $100.00 and gave the stock an “underperform” rating in a research report on Tuesday, January 13th. Wall Street Zen downgraded shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Axcelis Technologies in a research report on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $116.25.

Axcelis Technologies Trading Up 5.1%

Axcelis Technologies stock opened at $139.93 on Monday. The company has a market cap of $4.30 billion, a P/E ratio of 36.92, a PEG ratio of 15.92 and a beta of 1.65. The firm’s 50-day moving average is $95.06 and its 200-day moving average is $88.82. Axcelis Technologies has a 1 year low of $45.71 and a 1 year high of $140.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.11 and a current ratio of 4.77.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.37. The firm had revenue of $238.33 million for the quarter, compared to the consensus estimate of $215.04 million. Axcelis Technologies had a net margin of 14.33% and a return on equity of 13.73%. Axcelis Technologies’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm posted $1.54 EPS. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. On average, equities analysts expect that Axcelis Technologies will post 2.86 earnings per share for the current year.

Insider Activity at Axcelis Technologies

In other news, Director Jorge Titinger sold 1,000 shares of Axcelis Technologies stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $80.00, for a total value of $80,000.00. Following the transaction, the director directly owned 6,477 shares of the company’s stock, valued at $518,160. This trade represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Russell Low sold 1,244 shares of Axcelis Technologies stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $94.06, for a total transaction of $117,010.64. Following the completion of the transaction, the chief executive officer directly owned 132,282 shares in the company, valued at approximately $12,442,444.92. This trade represents a 0.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.49% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Salomon & Ludwin LLC purchased a new position in Axcelis Technologies during the third quarter valued at approximately $25,000. REAP Financial Group LLC bought a new stake in Axcelis Technologies in the fourth quarter worth approximately $25,000. Close Asset Management Ltd bought a new stake in Axcelis Technologies in the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC grew its position in Axcelis Technologies by 145.1% in the second quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 267 shares in the last quarter. Finally, Caitlin John LLC bought a new stake in Axcelis Technologies in the third quarter worth approximately $32,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

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.