Axcelis Technologies (NASDAQ:ACLS) Raised to Buy at Craig Hallum

Axcelis Technologies (NASDAQ:ACLS) was upgraded by investment analysts at Craig Hallum from a “hold” rating to a “buy” rating in a report issued on Friday, MarketBeat.com reports. The brokerage presently has a $140.00 target price on the semiconductor company’s stock. Craig Hallum‘s target price would indicate a potential upside of 55.56% from the stock’s previous close.

Separately, 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 analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Axcelis Technologies currently has an average rating of “Hold” and an average price target of $148.67.

Axcelis Technologies Trading Down 2.3%

Shares of Axcelis Technologies stock opened at $90.00 on Friday. The firm has a market capitalization of $2.78 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 2.81 and a beta of 1.88. The company has a current ratio of 4.90, a quick ratio of 3.21 and a debt-to-equity ratio of 0.04. The firm’s 50 day moving average is $116.08 and its 200 day moving average is $122.65. Axcelis Technologies has a 1 year low of $73.60 and a 1 year high of $193.78.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $237.78 million during the quarter, compared to the consensus estimate of $230.08 million. Axcelis Technologies had a net margin of 10.71% and a return on equity of 11.69%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 EPS. Axcelis Technologies has set its Q4 2026 guidance at 1.500-1.500 EPS. Equities research analysts forecast that Axcelis Technologies will post 3.39 earnings per share for the current fiscal year.

Institutional Trading of Axcelis Technologies

Institutional investors have recently added to or reduced their stakes in the stock. KERR FINANCIAL PLANNING Corp raised its stake in Axcelis Technologies by 3.5% during the second quarter. KERR FINANCIAL PLANNING Corp now owns 2,225 shares of the semiconductor company’s stock worth $422,000 after buying an additional 75 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in Axcelis Technologies by 3.9% in 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 lifted its holdings in Axcelis Technologies by 3.9% in the third quarter. Net Worth Advisory Group now owns 2,957 shares of the semiconductor company’s stock valued at $404,000 after buying an additional 110 shares during the period. Parallel Advisors LLC boosted its position in Axcelis Technologies by 22.0% during 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 position in Axcelis Technologies by 25.9% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 598 shares of the semiconductor company’s stock valued at $78,000 after acquiring an additional 123 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

Key Axcelis Technologies News

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

• Positive Sentiment: Q3 revenue was $237.8 million, ahead of the roughly $230.1 million estimate and up 11.3% year over year. Adjusted (non-GAAP) diluted EPS of $1.26 topped the $1.11 consensus; GAAP diluted EPS was $1.21. Axcelis Announces Financial Results for Third Quarter 2026
• Positive Sentiment: Q4 guidance was notably above analyst expectations: Axcelis forecast revenue of $275 million versus about $239.3 million consensus, and EPS of $1.50 versus $1.18. The outlook points to stronger near-term performance than investors had anticipated. Axcelis Q4 outlook and merger timing
• Neutral Sentiment: The company is targeting completion of its Veeco merger by the end of Q1 2027. The deal could reshape the business, but the announcement provides no further detail on its expected financial impact or remaining closing steps. Axcelis Q4 outlook and merger timing

Axcelis Technologies Company Profile

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.