Axcelis Technologies (NASDAQ:ACLS) Hits New 1-Year Low – Should You Sell?

Axcelis Technologies, Inc. (NASDAQ:ACLS) hit a new 52-week low on Tuesday . The stock traded as low as $58.60 and last traded at $61.61, with a volume of 452447 shares. The stock had previously closed at $67.58.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ACLS. William Blair cut shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Wednesday. Craig Hallum cut their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Finally, Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $154.00.

Axcelis Technologies Stock Performance

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 stock’s 50 day moving average price is $70.94 and its two-hundred day moving average price is $88.00. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 2.39 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS) last issued its earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.29. Axcelis Technologies had a net margin of 20.65% and a return on equity of 24.16%. On average, analysts forecast that Axcelis Technologies, Inc. will post 5.86 EPS for the current year.

Institutional Trading of Axcelis Technologies

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its position in shares of Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 173 shares in the last quarter. Avior Wealth Management LLC grew its stake in Axcelis Technologies by 1,153.8% in the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 450 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in Axcelis Technologies by 1,415.2% during the 4th quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 467 shares in the last quarter. Blue Trust Inc. raised its position in Axcelis Technologies by 85.5% during the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 289 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Axcelis Technologies by 184.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 433 shares in the last quarter. 89.98% of the stock is currently owned by hedge funds and other institutional investors.

About Axcelis Technologies

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.