B. Riley Financial Cuts Axcelis Technologies (NASDAQ:ACLS) Price Target to $91.00

Axcelis Technologies (NASDAQ:ACLS) had its price target cut by B. Riley Financial from $94.00 to $91.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other brokerages also recently issued reports on ACLS. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. Wall Street Zen cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Bank of America upped their price target on shares of Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a research note on Tuesday, January 13th. Finally, Zacks Research downgraded shares of Axcelis Technologies from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.50.

Axcelis Technologies Stock Down 0.6%

Shares of NASDAQ:ACLS opened at $80.16 on Wednesday. The company has a quick ratio of 3.32, a current ratio of 4.77 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $88.04 and its 200 day moving average is $85.67. The stock has a market cap of $2.46 billion, a P/E ratio of 21.15, a price-to-earnings-growth ratio of 7.21 and a beta of 1.77. Axcelis Technologies has a 52-week low of $40.40 and a 52-week high of $102.93.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same period last year, the firm earned $1.54 earnings per share. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. Sell-side analysts predict that Axcelis Technologies will post 2.55 EPS for the current year.

Insider Activity at Axcelis Technologies

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

Hedge Funds Weigh In On Axcelis Technologies

A number of hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Axcelis Technologies by 3.8% during the first quarter. Royal Bank of Canada now owns 117,566 shares of the semiconductor company’s stock worth $5,838,000 after buying an additional 4,324 shares in the last quarter. AQR Capital Management LLC boosted its position in Axcelis Technologies by 4.9% during the first quarter. AQR Capital Management LLC now owns 35,717 shares of the semiconductor company’s stock worth $1,774,000 after acquiring an additional 1,678 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Axcelis Technologies by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,396 shares of the semiconductor company’s stock valued at $963,000 after acquiring an additional 849 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Axcelis Technologies by 7.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 635,393 shares of the semiconductor company’s stock valued at $31,560,000 after acquiring an additional 44,275 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Axcelis Technologies by 1.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 78,756 shares of the semiconductor company’s stock valued at $3,912,000 after acquiring an additional 836 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

Axcelis Technologies Company Profile

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.