Axcelis Technologies Stock (NASDAQ: ACLS)

Axcelis Technologies (NASDAQ:ACLS) Stock, Quote.Headers.trade-ideas

Axcelis Technologies

Axcelis Technologies Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. In addition to equipment, the company provide aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. Geographically, the group has a business presence in North America, Asia Pacific and Europe, of which key revenue is derived from the Asia Pacific.

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Axcelis Technologies, Inc. - Common Stock

Axcelis Technologies Inc

Axcelis Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NYSE">ACLS</a>) short percent of float has risen 19.37% since its last report. The company recently reported that it has 2.19 million shares sold short, which is 9.92% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Axcelis Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721654122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Axcelis Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Axcelis Technologies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Axcelis Technologies's peer group average for short interest as a percentage of float is 7.05%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Shares of chip stocks are trading lower amid reports Biden is considering further China restrictions. The sector may also be down following soft guidance from ASML.

DA Davidson analyst Thomas Diffely maintains Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) with a Buy and raises the price target from $150 to $175.

DA Davidson Maintains Buy on Axcelis Technologies, Raises Price Target to $175

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Piper Sandler cut the price target for Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) from $71 to $66. Piper Sandler analyst Luke Lemoine maintained an Overweight rating. SLB shares gained 0.5% to close at $46.42 on Friday. <a href="https://www.benzinga.com/quote/SLB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Oppenheimer boosted the price target for The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) from $105 to $120. Oppenheimer analyst Jason Helfstein maintained an Outperform rating. Trade Desk shares gained 0.9% to close at $99.44 on Friday. <a href="https://www.benzinga.com/quote/TTD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley increased the price target for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) from $700 to $780. Morgan Stanley analyst Benjamin Swinburne maintained an Overweight rating. Netflix shares fell 0.8% to close at $647.60 on Friday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased Carrier Global Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) price target from $64 to $75. Baird analyst Timothy Wojs upgraded the stock from Neutral to Outperform. Carrier Global shares fell 0.6% to close at $66.00 on Friday. <a href="https://www.benzinga.com/quote/CARR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham boosted the price target for Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) from $168 to $210. Needham analyst Charles Shi maintained a Buy rating. Taiwan Semiconductor Manufacturing shares gained 1.5% to close at $187.35 on Friday. <a href="https://www.benzinga.com/quote/TSM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) price target from $216 to $273. Morgan Stanley analyst Erik Woodring maintained an Overweight rating. Apple gained 1.3% to close at $230.54 on Friday. <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen slashed The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) price target from $252 to $230. TD Cowen analyst Andrew Kligerman downgraded the stock from Buy to Hold. Travelers shares rose 1.3% to close at $211.60 on Friday. <a href="https://www.benzinga.com/quote/TRV/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised TD SYNNEX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) price target from $135 to $140. RBC Capital analyst Ashish Sabadra upgraded the stock from Sector Perform to Outperform. TD SYNNEX shares fell 0.1% to close at $112.50 on Friday. <a href="https://www.benzinga.com/quote/SNX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Benchmark boosted Axcelis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) price target from $170 to $180. Benchmark analyst Mark Miller maintained a Buy rating. Axcelis Technologies shares gained 2.9% to close at $148.74 on Friday. <a href="https://www.benzinga.com/quote/ACLS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc slashed The Middleby Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIDD#NASDAQ">MIDD</a>) price target from $175 to $160. Keybanc analyst Jeffrey Hammond maintained an Overweight rating. Middleby shares rose 0.3% to close at $125.50 on Friday. <a href="https://www.benzinga.com/quote/MIDD/analyst-ratings">See how other analysts view this stock.</a></li>
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Benchmark analyst Mark Miller maintains Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) with a Buy and raises the price target from $170 to $180.

Benchmark Maintains Buy on Axcelis Technologies, Raises Price Target to $180

U.S. stocks closed higher on Friday, with the Dow Jones index topping the key 40,000 mark during the session. The 30-stock blue-chip index gained around 1.6% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Hans Mosesmann
<ul>
<li>Analyst Firm: Rosenblatt</li>
<li>Ratings Accuracy: 88%</li>
<li>Latest Rating: Maintained a Buy rating on Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and boosted the price target from $1,650 to $2,400 on July 11. This analyst sees around 41% increase in the stock.</li>
<li>Recent News: Broadcom borrowed $5 billion in the U.S. investment-grade bond market last week to refinance some of the loans it secured for its $69 billion acquisition of VMware Inc.</li>
</ul>
Analyst: Aaron Rakers
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained an Overweight rating on Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and increased the price target from $190 to $205 on July 11. This analyst sees more than 12% upside in the stock.</li>
<li>Recent News: Advanced Micro Devices, last week, announced its plan to acquire Finnish AI start-up Silo AI for $665 million, marking one of the largest AI takeovers in Europe.</li>
</ul>
Analyst: Harsh Kumar
<ul>
<li>Analyst Firm: Piper Sandler</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on Impinj, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) and boosted the price target from $150 to $180 on July 11. This analyst sees around 6% upside in the stock.</li>
<li>Recent News: Impinj, said it will release financial results for its second-quarter, after the closing bell on Wednesday, July 24.</li>
</ul>
Analyst: Craig Ellis
<ul>
<li>Analyst Firm: B. Riley Securities</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Buy rating on Axcelis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) and raised the price target from $175 to $190 on July 12. This analyst sees around 25% gain in the stock.</li>
<li>Recent News: Axcelis, last week, raised its preliminary second-quarter estimates.</li>
</ul>
Analyst: Vivek Arya
<ul>
<li>Analyst Firm: B of A Securities</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Initiated coverage on MKS Instruments, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKSI#NASDAQ">MKSI</a>) with a Buy rating and a price target of $160 on July 10. This analyst sees over 11% upside in the stock.</li>
<li>Recent News: On May 13, MKS Instruments priced its upsized private offering of $1.2 billion of 1.25% convertible senior notes due 2030.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39748049/how-to-earn-500-a-month-from-bank-of-america-stock-ahead-of-q2-earnings">How To Earn $500 A Month From Bank of America Stock Ahead Of Q2 Earnings</a></li>
</ul>

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Axcelis Technologies shares are trading higher after multiple firms raised their respective price targets on the stock.

B. Riley Securities analyst Craig Ellis maintains Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) with a Buy and raises the price target from $175 to $190.

B. Riley Securities Maintains Buy on Axcelis Technologies, Raises Price Target to $190

Craig-Hallum analyst Christian Schwab maintains Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) with a Buy and raises the price target from $130 to $174.

Craig-Hallum Maintains Buy on Axcelis Technologies, Raises Price Target to $174

B of A Securities analyst Duksan Jang maintains Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) with a Neutral and raises the price target from $150 to $160.

B of A Securities Maintains Neutral on Axcelis Technologies, Raises Price Target to $160

Needham analyst Charles Shi reiterates Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) with a Hold.

Reiteration

Needham Reiterates Hold on Axcelis Technologies

During the last three months, 5 analysts shared their evaluations of Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $156.0, along with a high estimate of $175.00 and a low estimate of $130.00. This current average represents a 0.16% decrease from the previous average price target of $156.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1720616436_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The perception of Axcelis Technologies by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Duksan Jang</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$150.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Craig Ellis</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$175.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Craig Ellis</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$155.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$170.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Maintains</td>
<td>Buy</td>
<td>$130.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Axcelis Technologies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Axcelis Technologies compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Axcelis Technologies's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Axcelis Technologies's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ACLS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Axcelis Technologies analyst ratings.</a>
<h2>Delving into Axcelis Technologies's Background</h2>
Axcelis Technologies Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. In addition to equipment, the company provide aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. Geographically, the group has a business presence in North America, Asia Pacific and Europe, of which key revenue is derived from the Asia Pacific.
<h3>Financial Milestones: Axcelis Technologies's Journey</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Axcelis Technologies's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -0.65% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Axcelis Technologies's net margin is impressive, surpassing industry averages. With a net margin of 20.44%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Axcelis Technologies's ROE stands out, surpassing industry averages. With an impressive ROE of 5.84%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Axcelis Technologies's ROA stands out, surpassing industry averages. With an impressive ROA of 3.99%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Axcelis Technologies's debt-to-equity ratio is below the industry average at 0.05, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Axcelis Technologies: Insights From 5 Financial Analysts

B of A Securities analyst Duksan Jang maintains Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) with a Neutral and raises the price target from $125 to $150.

B of A Securities Maintains Neutral on Axcelis Technologies, Raises Price Target to $150

Axcelis shares are trading higher after the company raised its preliminary Q2 estimates.

Guidance

Axcelis Sees Prelim. Q2 Revenue Above $252M vs $244.72M Est. ($245M Prior) And EPS Above $1.38 vs $1.30 Est.(Prior $1.30)

Axcelis Technologies Establishes New Service Offices in Chitose and Kumamoto to Support Expanding Customer Base in Japan

In the latest quarter, 4 analysts provided ratings for Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>), showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $157.5, with a high estimate of $175.00 and a low estimate of $130.00. Observing a downward trend, the current average is 5.5% lower than the prior average price target of $166.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1718888444_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Axcelis Technologies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Craig Ellis</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$175.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Craig Ellis</td>
<td>B. Riley Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$155.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$170.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Christian Schwab</td>
<td>Craig-Hallum</td>
<td>Maintains</td>
<td>Buy</td>
<td>$130.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Axcelis Technologies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Axcelis Technologies compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Axcelis Technologies's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Axcelis Technologies's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/ACLS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Axcelis Technologies analyst ratings.</a>
<h2>About Axcelis Technologies</h2>
Axcelis Technologies Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. In addition to equipment, the company provide aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. Geographically, the group has a business presence in North America, Asia Pacific and Europe, of which key revenue is derived from the Asia Pacific.
<h3>Axcelis Technologies's Financial Performance</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Challenges: Axcelis Technologies's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -0.65%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Axcelis Technologies's net margin is impressive, surpassing industry averages. With a net margin of 20.44%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Axcelis Technologies's ROE excels beyond industry benchmarks, reaching 5.84%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Axcelis Technologies's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.99% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.05, Axcelis Technologies adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Analysts Have This To Say About Axcelis Technologies

B. Riley Securities analyst Craig Ellis maintains Axcelis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) with a Buy and raises the price target from $155 to $175.

B. Riley Securities Maintains Buy on Axcelis Technologies, Raises Price Target to $175

These mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Avidity Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNA#NASDAQ">RNA</a>) shares jumped 50.15% following the announcement that the Phase 1/2 trial data for muscle disorder therapy <a href="https://www.benzinga.com//node/39294405" target="_blank" rel="noreferrer noopener">yielded positive results</a>.</li>
<li>Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares surged 24.31% after Cantor Fitzgerald assumed an Overweight rating on the stock and <a href="https://www.benzinga.com//node/39277415" target="_blank" rel="noreferrer noopener">announced a $23 price target</a>.</li>
<li>Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) <a href="https://www.benzinga.com//node/39317941" target="_blank" rel="noreferrer noopener">shares rose 15.29%</a>.</li>
<li>John Wiley &amp; Sons, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLY#NYSE">WLY</a>) shares rose 14.07%  after the company reported Q4 <a href="https://www.benzinga.com//node/39321000" target="_blank" rel="noreferrer noopener">adjusted EPS and sales that beat estimates</a>.</li>
<li>Element Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESI#NYSE">ESI</a>) shares grew 13.46%  after the company raised Q2 and FY24 guidance. Mizuho and BMO Capital also raised <a href="https://www.benzinga.com/quote/ESI/analyst-ratings" target="_blank" rel="noreferrer noopener">their price forecasts for the stock</a>.</li>
<li>CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) shares gained 13.31% amid strength in Bitcoin following <a href="https://www.benzinga.com//node/39289772" target="_blank" rel="noreferrer noopener">softer-than-expected May CPI figures</a>.</li>
<li>Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) stock price escalated 12.97% as shares of several industrial companies gained amid overall market strength following positive inflation data.</li>
<li>Axcelis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>) shares advanced 12.70% last week. Semiconductor stocks gained on softer-than-expected CPI figures, which lifted stocks on Wednesday, while AI optimism also continues to boost the sector.</li>
<li>Intellia Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTLA#NASDAQ">NTLA</a>) stock price upped 12.08%.</li>
<li>Korn Ferry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KFY#NYSE">KFY</a>) shares increased 8.13% following the company&#8217;s <a href="https://www.benzinga.com//node/39316062" target="_blank" rel="noreferrer noopener">Q4 earnings</a>. A couple of analysts raised the <a href="https://www.benzinga.com/quote/Kfy/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts on the stock</a>.</li>
</ol>
<ol></ol>
Also Read: <a href="https://www.benzinga.com/news/24/06/39348319/celsius-and-paypal-were-among-the-10-biggest-large-cap-losers-last-week-june-9-june-15-are-these-in">Celsius And PayPal Were Among The 10 Biggest Large Cap Losers Last Week (June 9-June 15): Are These In Your Portfolio?</a>
Image: 15958319 from Pixabay

The semiconductor rally continues its unstoppable advance, fueled by the propulsion of artificial intelligence, with the U.S. chipmaking industry now soaring to a combined <a href="https://www.benzinga.com/markets/equities/24/06/39213777/nvidia-propels-semiconductor-industry-to-5-5-trillion-valuation-beginning-of-bigger-boom-says-an">valuation of $6.3 trillion.</a>
The PHLX Semiconductor Sector Index, mirrored by the Invesco PHLX Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXQ#NYSE">SOXQ</a>), is poised for a 6% gain this week, marking its strongest performance in two months and achieving record high levels.
Since late October 2023, the index has surged by 78%, while the broader chip industry has seen an astonishing 169% increase from its October 2022 low.
In stark contrast, the broader tech sector, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), has risen by 39% from its October 2023 low and by 88% since October 2022.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14143405/SOXQ_2024-06-14_20-32-29_7bf4b-1024x500.png" alt="" class="wp-image-389619" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14143405/SOXQ_2024-06-14_20-32-29_7bf4b-1024x500.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14143405/SOXQ_2024-06-14_20-32-29_7bf4b-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14143405/SOXQ_2024-06-14_20-32-29_7bf4b-768x375.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14143405/SOXQ_2024-06-14_20-32-29_7bf4b-1536x750.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/14143405/SOXQ_2024-06-14_20-32-29_7bf4b.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Nvidia&#8217;s Dominance Poised To Continue</h3>
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has recently surpassed a $3 trillion valuation, representing nearly half of the broader U.S. semiconductor industry&#8217;s total worth. The company is now vying for the title of the world&#8217;s largest company, contending with giants such as Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
 &#8220;Given NVDA's dominance in the nascent AI space, it may be only a matter of time before NVDA surpasses MSFT to become the most valuable company in the world,&#8221; said George Smith, portfolio strategist for LPL Financial.
According to the expert, it is plausible that the NVDA rally will continue as tech-related ETFs are compelled to increase their exposure to the chipmaker during their next rebalancing.
<h3 class="wp-block-heading">This Week&#8217;s Best Performing Chipmakers</h3>
Surprisingly, Nvidia is not the top gainer among semiconductor stocks this week. 
While the leading chipmaker&#8217;s shares have rallied by 9.4%, six other semiconductor companies have outperformed Nvidia, showcasing even stronger gains.
Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) surged 22% this week, driven by stronger-than-expected earnings and an improved AI-related demand outlook from its top client, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), following the Cupertino-based iPhone maker&#8217;s announcement of new AI initiatives at WWDC 2024. This marks Broadcom&#8217;s strongest week since the company went public in 2009.
British computer processor and software design company Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) was the second-best performer among chipmakers, rising 14% and marking its sixth consecutive week of gains. Arm will join the Nasdaq 100 Index beginning June 24.
Qorvo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) followed closely, with its shares up 13% this week.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Market Cap</td>
<td>Price Chg. % (5D)</td>
</tr>
<tr>
<td>Broadcom Inc.</td>
<td>$ 803.67B</td>
<td>22.74%</td>
</tr>
<tr>
<td>Arm Holdings plc</td>
<td>$ 161.90B</td>
<td>13.95%</td>
</tr>
<tr>
<td>Qorvo, Inc.</td>
<td>$ 10.78B</td>
<td>13.25%</td>
</tr>
<tr>
<td>Axcelis Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLS#NASDAQ">ACLS</a>)</td>
<td>$ 4.52B</td>
<td>11.08%</td>
</tr>
<tr>
<td>Universal Display Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLED#NASDAQ">OLED</a>)</td>
<td>$ 9.53B</td>
<td>9.70%</td>
</tr>
<tr>
<td>NVIDIA Corporation</td>
<td>$ 3,250.83B</td>
<td>9.42%</td>
</tr>
<tr>
<td>Nova Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVMI#NASDAQ">NVMI</a>)</td>
<td>$ 6.96B</td>
<td>9.13%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated on June 14 at 2:13 p.m. ET</figcaption></figure>
Read now: <a href="https://www.benzinga.com/markets/equities/24/06/39334146/consumer-sentiment-tumbles-in-june-reaches-7-month-low-high-prices-as-well-as-weakening-incomes-">Consumer Sentiment Tumbles In June, Reaches 7-Month Low: &#8216;High Prices As Well As Weakening Incomes&#8217; Raise Concerns</a>
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Axcelis Technologies (ACLS) Forecast

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