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

Axcelis Technologies, Inc. (NASDAQ:ACLS) reached a new 52-week low during trading on Friday . The stock traded as low as $67.50 and last traded at $68.11, with a volume of 93383 shares trading hands. The stock had previously closed at $73.10.

Analysts Set New Price Targets

A number of research firms have weighed in on ACLS. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark cut shares of 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 given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies Trading Down 5.0 %

The company has a market cap of $2.26 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 2.36 and a beta of 1.53. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. The firm has a fifty day moving average price of $75.15 and a 200 day moving average price of $99.25.

Institutional Trading of Axcelis Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in Axcelis Technologies by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 23,751 shares of the semiconductor company’s stock valued at $2,490,000 after acquiring an additional 6,786 shares during the period. Royce & Associates LP grew its stake in Axcelis Technologies by 157.1% in the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company’s stock valued at $28,694,000 after buying an additional 167,235 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Axcelis Technologies by 243.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 60,328 shares of the semiconductor company’s stock valued at $6,325,000 after acquiring an additional 42,779 shares during the period. Annex Advisory Services LLC lifted its position in Axcelis Technologies by 72.0% during the third quarter. Annex Advisory Services LLC now owns 12,226 shares of the semiconductor company’s stock worth $1,282,000 after acquiring an additional 5,118 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Axcelis Technologies by 51.4% during the third quarter. FMR LLC now owns 263,332 shares of the semiconductor company’s stock worth $27,610,000 after acquiring an additional 89,453 shares during the period. Institutional investors 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.