Benchmark Co. analyst Mark Miller has maintained their neutral stance on ACLS stock, giving a Hold rating today.
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Mark Miller has given his Hold rating due to a combination of factors influencing Axcelis Technologies’ performance. The company reported stronger than expected results in the first quarter of 2025, driven by higher margins and sales. However, despite the positive performance, Axcelis guided for lower margins, sales, and earnings in the upcoming quarter, with expectations for a relatively flat second half of the year.
The company’s gross margins were notably higher than prior guidance due to favorable shipments, but these are anticipated to decline in the next quarter. Additionally, while there are pockets of investment in SiC applications, the broader market is experiencing a softer demand environment. Given these mixed signals, including the soft market for Si IGBT and the cautious outlook for the rest of the year, Miller maintains a Hold rating on the stock.
According to TipRanks, Miller is a 5-star analyst with an average return of 12.6% and a 49.49% success rate. Miller covers the Technology sector, focusing on stocks such as Western Digital, Axcelis Technologies, and IPG Photonics.