Axcelis Technologies (NASDAQ:ACLS) Upgraded at B. Riley Financial

B. Riley Financial upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a neutral rating to a buy rating in a research report sent to investors on Monday morning, MarketBeat reports. They currently have $150.00 target price on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Axcelis Technologies in a report on Monday, December 22nd. Zacks Research cut shares of Axcelis Technologies from a “hold” rating to a “strong sell” rating in a report on Friday, February 20th. Bank of America boosted their target price on shares of Axcelis Technologies from $90.00 to $100.00 and gave the company an “underperform” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $116.25.

Axcelis Technologies Stock Performance

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

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Tuesday, February 17th. The semiconductor company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.37. The firm had revenue of $238.33 million during the quarter, compared to analyst estimates 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 quarter last year, the business earned $1.54 earnings per share. Axcelis Technologies has set its Q1 2026 guidance at 0.710-0.710 EPS. On average, equities research analysts forecast that Axcelis Technologies will post 2.86 EPS for the current year.

Insider Buying and Selling at Axcelis Technologies

In related news, Director Jorge Titinger sold 1,000 shares of the company’s 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 in the company, valued at approximately $518,160. This represents a 13.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Russell Low sold 1,244 shares of the company’s 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 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Pictet Asset Management Holding SA increased its position in shares of Axcelis Technologies by 13.5% in the first quarter. Pictet Asset Management Holding SA now owns 4,881 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 581 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Axcelis Technologies during the 1st quarter worth $1,191,000. Louisiana State Employees Retirement System bought a new stake in shares of Axcelis Technologies during the 1st quarter worth $1,266,000. Evolve Private Wealth LLC lifted its holdings in shares of Axcelis Technologies by 9.6% during the 1st quarter. Evolve Private Wealth LLC now owns 7,706 shares of the semiconductor company’s stock worth $717,000 after acquiring an additional 677 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Axcelis Technologies by 69.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,357 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 555 shares during the last quarter. 89.98% of the stock is currently owned by 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.