Axcelis Technologies (NASDAQ:ACLS) Price Target Raised to $110.00

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

ACLS has been the subject of several other research reports. Benchmark upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Thursday. B. Riley upped their price objective on Axcelis Technologies from $58.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, June 18th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $98.75.

Axcelis Technologies Stock Performance

Axcelis Technologies stock opened at $88.71 on Thursday. 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 1 year low of $40.40 and a 1 year high of $107.23. The company has a market cap of $2.79 billion, a PE ratio of 18.14 and a beta of 1.75. The company’s 50-day moving average is $83.91 and its two-hundred day moving average is $68.17.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.73 by $0.40. Axcelis Technologies had a net margin of 17.69% and a return on equity of 16.26%. The company had revenue of $194.54 million during the quarter, compared to analysts’ expectations of $185.15 million. During the same quarter in the previous year, the company earned $1.55 EPS. Axcelis Technologies’s revenue was down 24.2% on a year-over-year basis. Axcelis Technologies has set its Q3 2025 guidance at 1.000-1.000 EPS. Equities analysts anticipate that Axcelis Technologies will post 2.55 earnings per share for the current year.

Hedge Funds Weigh In On Axcelis Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position in Axcelis Technologies by 50.3% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 481 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 161 shares in the last quarter. Perkins Coie Trust Co raised its holdings in shares of Axcelis Technologies by 9.2% in the 1st quarter. Perkins Coie Trust Co now owns 2,675 shares of the semiconductor company’s stock valued at $133,000 after purchasing an additional 225 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Axcelis Technologies by 145.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 451 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 267 shares during the last quarter. Eagle Bay Advisors LLC lifted its stake in Axcelis Technologies by 3.8% in the 1st quarter. Eagle Bay Advisors LLC now owns 7,585 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 275 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in Axcelis Technologies by 16.3% during the first quarter. Advisors Asset Management Inc. now owns 1,969 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 276 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

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.