Axcelis Technologies (NASDAQ:ACLS) Sets New 12-Month Low – Should You Sell?

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $80.72 and last traded at $81.15, with a volume of 103163 shares trading hands. The stock had previously closed at $82.73.

Wall Street Analyst Weigh In

ACLS has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. B. Riley decreased their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $167.33.

Axcelis Technologies Stock Down 1.1 %

The business has a fifty day simple moving average of $95.66 and a two-hundred day simple moving average of $112.87. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.56 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 2.56 and a beta of 1.60.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC raised its holdings in shares of Axcelis Technologies by 348.9% during the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 164 shares during the period. Blue Trust Inc. increased its position in shares of Axcelis Technologies by 223.8% during the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 188 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Axcelis Technologies in the 2nd quarter valued at about $39,000. Isthmus Partners LLC grew its position in Axcelis Technologies by 87.3% in the 2nd quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 15,507 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Axcelis Technologies in the 2nd quarter valued at about $69,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.