Axcelis Technologies (NASDAQ:ACLS) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Axcelis Technologies (NASDAQ:ACLS) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Other equities research analysts have also recently issued research reports about the stock. Craig Hallum upgraded shares of Axcelis Technologies from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research note on Friday. B. Riley Financial reissued a “buy” rating and issued a $140.00 price objective (down from $165.00) on shares of Axcelis Technologies in a research note on Friday. Finally, Weiss Ratings upgraded shares of Axcelis Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 16th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $145.33.

Axcelis Technologies Price Performance

Shares of Axcelis Technologies stock opened at $99.24 on Friday. The stock has a market cap of $3.06 billion, a P/E ratio of 29.54, a P/E/G ratio of 3.03 and a beta of 1.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.21 and a current ratio of 4.43. The stock’s fifty day moving average is $115.62 and its 200 day moving average is $122.71. Axcelis Technologies has a one year low of $73.60 and a one year high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.15. Axcelis Technologies had a return on equity of 11.51% and a net margin of 11.74%. The business had revenue of $237.78 million during the quarter, compared to analyst estimates of $230.08 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. Axcelis Technologies’s revenue for the quarter was up 11.3% on a year-over-year basis. Axcelis Technologies has set its Q4 2026 guidance at 1.500-1.500 EPS. Sell-side analysts anticipate that Axcelis Technologies will post 3.39 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp increased its position in shares of Axcelis Technologies by 3.5% in the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 2,225 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 75 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in Axcelis Technologies by 3.9% during the third quarter. NorthCrest Asset Manangement LLC now owns 2,159 shares of the semiconductor company’s stock valued at $288,000 after buying an additional 82 shares during the period. Net Worth Advisory Group grew its holdings in shares of Axcelis Technologies by 3.9% during the 3rd quarter. Net Worth Advisory Group now owns 2,957 shares of the semiconductor company’s stock valued at $404,000 after acquiring an additional 110 shares in the last quarter. Parallel Advisors LLC lifted its stake in Axcelis Technologies by 22.0% in the first quarter. Parallel Advisors LLC now owns 665 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 120 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of Axcelis Technologies by 25.9% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 598 shares of the semiconductor company’s stock worth $78,000 after acquiring an additional 123 shares in the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

More Axcelis Technologies News

Here are the key news stories impacting Axcelis Technologies this week:

• Positive Sentiment: Third-quarter earnings beat expectations: non-GAAP EPS was $1.26 versus a $1.11 consensus, while revenue of $237.8 million topped estimates of about $230 million and rose 11.3% year over year. Axcelis Announces Financial Results for Third Quarter 2026
• Positive Sentiment: Axcelis forecast fourth-quarter revenue of $275 million and EPS of $1.50, both well above analyst estimates of roughly $239 million and $1.18, respectively. The upbeat outlook is a key reason for the positive investor reaction. Axcelis expects about $275M Q4 revenue
• Positive Sentiment: Craig Hallum upgraded ACLS from Hold to Buy and set a $140 price target, signaling improved analyst sentiment. Craig Hallum upgrades Axcelis
• Neutral Sentiment: Axcelis said it is targeting completion of its Veeco merger by the end of the first quarter of 2027; the transaction’s eventual impact will depend on closing and integration. Merger timing and Q4 outlook
• Negative Sentiment: B. Riley reaffirmed its Buy rating but cut its price target to $140 from $165, tempering the bullish signal despite the target remaining above the current share price. B. Riley reaffirms Buy and lowers target

About Axcelis Technologies

Axcelis Technologies, Inc develops and manufactures equipment used in the fabrication of semiconductor devices. The company is best known for its ion implantation systems, which precisely introduce dopant atoms into silicon wafers to control the electrical properties of semiconductor components.

Its product portfolio includes the Purion family of ion implantation systems, designed for applications such as high-current, medium-current and high-energy implantation. Axcelis also provides related aftermarket products and services, including spare parts, equipment upgrades, process support and customer training.

Headquartered in Beverly, Massachusetts, Axcelis serves semiconductor manufacturers and other customers in major chip-production regions worldwide.