Axcelis Technologies (NASDAQ:ACLS) Sets New 1-Year Low – Time to Sell?

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s share price hit a new 52-week low during mid-day trading on Friday . The company 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.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ACLS. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Price Performance

The business’s fifty day moving average price is $75.15 and its 200 day moving average price is $99.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29. The stock has a market cap of $2.26 billion, a P/E ratio of 10.27, a PEG ratio of 2.36 and a beta of 1.53.

Hedge Funds Weigh In On Axcelis Technologies

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