Axcelis Technologies (NASDAQ:ACLS) Reaches New 1-Year Low – What’s Next?

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s share price 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 changing hands. The stock had previously closed at $67.58.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Craig Hallum decreased their price target on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Axcelis Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Axcelis Technologies Stock Down 10.5 %

The business’s fifty day simple moving average is $71.47 and its 200 day simple moving average is $88.83. 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 has a market cap of $1.97 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS) last posted 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 return on equity of 24.16% and a net margin of 20.65%. Equities analysts forecast that Axcelis Technologies, Inc. will post 5.86 earnings per share for the current fiscal year.

Institutional Trading of Axcelis Technologies

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

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.