On June 26, Axcelis Technologies rose 5.08% in regular trading, trading at $177.41/share, with turnover of $63.07 million.

On the news front, the semiconductor equipment sector rallied broadly, with Applied Materials up 10.51%, KLA-Tencor up 7.31%, Teradyne up 8.54%, Lam Research up 5.12%, and ASML up 3.88%, demonstrating significant sector-wide momentum. Additionally, BofA Securities recently raised its price target on Axcelis Technologies to $156 from $130, while FactSet data shows the stock carries a consensus mean target price of $169.67.

Fundamentally, Axcelis reported Q1 revenue of $199 million versus the $195 million estimate, with adjusted EPS of $0.72 beating the $0.71 consensus. The company guided Q2 revenue of $205 million and adjusted EPS of $0.90, both above analyst expectations. Earlier in April, B. Riley upgraded the stock to Buy from Neutral with a $150 target. Axcelis Technologies designs, manufactures, and services ion implantation and other processing equipment used in semiconductor chip fabrication globally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)