Axcelis Technologies upgraded to Buy with target price raised to $150
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 02 2024
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Should l Buy ACLS?
Source: Newsfilter
Axcelis Technologies Inc. shares rose by 9.14% as the stock crossed above its 5-day SMA.
The upgrade from B. Riley to a Buy rating, along with an increased target price from $91 to $150, reflects strong confidence in Axcelis' market position following its acquisition of Neutral. This strategic move is expected to enhance its competitive edge in the tech industry.
The positive analyst outlook may attract more investors, potentially leading to further gains for Axcelis Technologies in the coming weeks.
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Analyst Views on ACLS
Wall Street analysts forecast ACLS stock price to fall
3 Analyst Rating
1 Buy
1 Hold
1 Sell
Hold
Current: 118.730
Low
94.00
Averages
99.67
High
105.00
Current: 118.730
Low
94.00
Averages
99.67
High
105.00
About ACLS
Axcelis Technologies, Inc. provides high-productivity solutions for the semiconductor industry. The Company is focused on developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the critical and enabling steps in the IC manufacturing process. Its ion implantation products include high current ion implant, high energy ion implant and medium current ion implant. The Company's Purion H, Purion Dragon, Purion H200, and GSD/E2 Ovation spot beam, high current systems cover all traditional high current requirements as well as those associated with emerging and future devices. Its Purion XE, EXE, and other Purion high energy systems combine its production-proven RF Linac high energy, spot beam technology with the Purion platform wafer handling system. Its medium current ion implant products include its Purion M Si and SiC medium current systems. It also offers its customers aftermarket service and support.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AXCELIS TECHNOLOGIES INC: B. RILEY UPGRADES TO BUY FROM NEUTRAL AND INCREASES TARGET PRICE TO $150 FROM $91
Company Acquisition: Acelist Technologies is set to acquire Neutral, indicating a strategic move in the tech industry.
Target Price Increase: Acelist has raised its target price to $150 from $91, reflecting increased confidence in its market position.
See More
Axcelis to Present Keynote at CS Asia Conference
- Conference Sponsorship: Axcelis Technologies announced its role as the Diamond Sponsor for the 2026 Compound Semiconductor Asia Conference, taking place from March 24-27 in Shanghai, which reinforces its leadership position in the semiconductor industry and enhances its market influence.
- CEO Keynote Speech: President and CEO Russell Low, PhD, will deliver the opening keynote speech at the conference, sharing insights on the company's innovations in ion implantation solutions, which is expected to attract significant attention from industry participants and elevate the company's brand recognition.
- Technology Innovation Showcase: The company will also introduce its next-generation Purion Power Series+ platform, aimed at meeting the demands of Chinese chipmakers for high-performance semiconductor solutions, thereby driving the global demand for clean energy solutions.
- Industry Leadership: With over 45 years of experience in ion implantation systems, Axcelis is dedicated to providing high-productivity solutions for the semiconductor industry, further solidifying its position as an innovator and leader in the global market.
See More
Hexcel Appoints New Chief Financial Officer
- Executive Change: Hexcel Corporation announced the appointment of James Coogan as Chief Financial Officer effective May 1, succeeding Mike Lenz, who served as interim CFO, indicating the company's commitment to stable financial management.
- Extensive Experience: Coogan most recently served as CFO at Axcelis Technologies and previously held the same position at Kaman Corporation, bringing valuable financial strategic insights from the semiconductor and aerospace sectors to Hexcel.
- Strategic Implications: This appointment aims to strengthen Hexcel's financial leadership, particularly as the aerospace industry faces both challenges and opportunities, ensuring the company can effectively navigate market changes and drive growth.
- Transition Management: During Lenz's tenure as interim CFO, Hexcel maintained financial stability, and Coogan's onboarding will facilitate a smooth transition, ensuring consistency and coherence in the company's future financial decisions.
See More
Hexcel Appoints New Chief Financial Officer
- Executive Appointment: Hexcel announced that James Coogan will become Chief Financial Officer effective May 1, 2026, succeeding Mike Lenz, who will remain as a Senior Advisor to assist with the transition, ensuring a smooth handover of financial leadership.
- Industry Experience: Coogan brings over 20 years of finance, accounting, and investor relations experience, having held executive roles in aerospace and defense, and is expected to make a positive impact on Hexcel's strategic priorities, particularly amid rising commercial aircraft production and an expanding defense market.
- Transition Support: Current CFO Mike Lenz will continue to provide support during the transition, with Gentile expressing gratitude for Lenz's steady leadership during the search for a new CFO, highlighting his invaluable contributions to the company.
- Educational Background: Coogan holds an MBA from Yale School of Management and both an M.S. in Accounting and a B.S. in Business Administration from the University of Connecticut, providing a solid foundation for Hexcel's financial strategy.
See More
Axcelis Appoints New Interim CFO David Ryzhik
- Executive Change: Axcelis Technologies has appointed David Ryzhik as interim CFO effective March 12, 2026, with Ryzhik currently serving as Senior Vice President of Investor Relations and Corporate Strategy, indicating the company's focus on leadership stability.
- Leadership Transition: Former CFO James Coogan will leave the company on April 24, 2026, to pursue a CFO role at another public company, with Coogan remaining until then to support the leadership transition, ensuring operational continuity.
- Financial Outlook: Axcelis anticipates flat revenue for 2026, as growth in the memory market offsets declines in power and mature markets, reflecting the company's cautious stance amid market fluctuations.
- Earnings Review: Axcelis recently released its Q4 2025 earnings report, and despite a lack of confidence in a recovery, the company is striving to maintain stable financial performance.
See More
David Ryzhik Appointed Interim CFO at Axcelis Technologies
- Executive Transition: David Ryzhik has been appointed Interim CFO of Axcelis Technologies effective March 12, 2026, following James Coogan's departure to pursue a CFO role in another industry, ensuring continuity in financial leadership during this critical period.
- Transition Management: Coogan will remain until April 24 to facilitate a smooth transition, while Ryzhik's significant role in the pending merger with Veeco positions him to continue driving leadership within the finance organization.
- Strategic Execution: Ryzhik emphasized his focus on executing the company's strategy, advancing integration efforts with Veeco, and driving long-term shareholder value, highlighting the company's commitment to financial stability during the merger process.
- Extensive Experience: With over 20 years of finance and investor relations experience, Ryzhik has served as Senior Vice President of Investor Relations and Corporate Strategy at Axcelis since July 2024, and his background is expected to support the company in maintaining financial robustness during the transition.
See More
AXCELIS TECHNOLOGIES INC: B. RILEY UPGRADES TO BUY FROM NEUTRAL AND INCREASES TARGET PRICE TO $150 FROM $91
Company Acquisition: Acelist Technologies is set to acquire Neutral, indicating a strategic move in the tech industry.
Target Price Increase: Acelist has raised its target price to $150 from $91, reflecting increased confidence in its market position.
See More
Axcelis to Present Keynote at CS Asia Conference
- Conference Sponsorship: Axcelis Technologies announced its role as the Diamond Sponsor for the 2026 Compound Semiconductor Asia Conference, taking place from March 24-27 in Shanghai, which reinforces its leadership position in the semiconductor industry and enhances its market influence.
- CEO Keynote Speech: President and CEO Russell Low, PhD, will deliver the opening keynote speech at the conference, sharing insights on the company's innovations in ion implantation solutions, which is expected to attract significant attention from industry participants and elevate the company's brand recognition.
- Technology Innovation Showcase: The company will also introduce its next-generation Purion Power Series+ platform, aimed at meeting the demands of Chinese chipmakers for high-performance semiconductor solutions, thereby driving the global demand for clean energy solutions.
- Industry Leadership: With over 45 years of experience in ion implantation systems, Axcelis is dedicated to providing high-productivity solutions for the semiconductor industry, further solidifying its position as an innovator and leader in the global market.
See More
Hexcel Appoints New Chief Financial Officer
- Executive Change: Hexcel Corporation announced the appointment of James Coogan as Chief Financial Officer effective May 1, succeeding Mike Lenz, who served as interim CFO, indicating the company's commitment to stable financial management.
- Extensive Experience: Coogan most recently served as CFO at Axcelis Technologies and previously held the same position at Kaman Corporation, bringing valuable financial strategic insights from the semiconductor and aerospace sectors to Hexcel.
- Strategic Implications: This appointment aims to strengthen Hexcel's financial leadership, particularly as the aerospace industry faces both challenges and opportunities, ensuring the company can effectively navigate market changes and drive growth.
- Transition Management: During Lenz's tenure as interim CFO, Hexcel maintained financial stability, and Coogan's onboarding will facilitate a smooth transition, ensuring consistency and coherence in the company's future financial decisions.
See More
Hexcel Appoints New Chief Financial Officer
- Executive Appointment: Hexcel announced that James Coogan will become Chief Financial Officer effective May 1, 2026, succeeding Mike Lenz, who will remain as a Senior Advisor to assist with the transition, ensuring a smooth handover of financial leadership.
- Industry Experience: Coogan brings over 20 years of finance, accounting, and investor relations experience, having held executive roles in aerospace and defense, and is expected to make a positive impact on Hexcel's strategic priorities, particularly amid rising commercial aircraft production and an expanding defense market.
- Transition Support: Current CFO Mike Lenz will continue to provide support during the transition, with Gentile expressing gratitude for Lenz's steady leadership during the search for a new CFO, highlighting his invaluable contributions to the company.
- Educational Background: Coogan holds an MBA from Yale School of Management and both an M.S. in Accounting and a B.S. in Business Administration from the University of Connecticut, providing a solid foundation for Hexcel's financial strategy.
See More
Axcelis Appoints New Interim CFO David Ryzhik
- Executive Change: Axcelis Technologies has appointed David Ryzhik as interim CFO effective March 12, 2026, with Ryzhik currently serving as Senior Vice President of Investor Relations and Corporate Strategy, indicating the company's focus on leadership stability.
- Leadership Transition: Former CFO James Coogan will leave the company on April 24, 2026, to pursue a CFO role at another public company, with Coogan remaining until then to support the leadership transition, ensuring operational continuity.
- Financial Outlook: Axcelis anticipates flat revenue for 2026, as growth in the memory market offsets declines in power and mature markets, reflecting the company's cautious stance amid market fluctuations.
- Earnings Review: Axcelis recently released its Q4 2025 earnings report, and despite a lack of confidence in a recovery, the company is striving to maintain stable financial performance.
See More
David Ryzhik Appointed Interim CFO at Axcelis Technologies
- Executive Transition: David Ryzhik has been appointed Interim CFO of Axcelis Technologies effective March 12, 2026, following James Coogan's departure to pursue a CFO role in another industry, ensuring continuity in financial leadership during this critical period.
- Transition Management: Coogan will remain until April 24 to facilitate a smooth transition, while Ryzhik's significant role in the pending merger with Veeco positions him to continue driving leadership within the finance organization.
- Strategic Execution: Ryzhik emphasized his focus on executing the company's strategy, advancing integration efforts with Veeco, and driving long-term shareholder value, highlighting the company's commitment to financial stability during the merger process.
- Extensive Experience: With over 20 years of finance and investor relations experience, Ryzhik has served as Senior Vice President of Investor Relations and Corporate Strategy at Axcelis since July 2024, and his background is expected to support the company in maintaining financial robustness during the transition.
See More
