Axcelis Technologies (NASDAQ:ACLS) Reaches New 12-Month Low – Time to Sell?

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) reached a new 52-week low 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.

Analyst Ratings Changes

A number of research analysts have recently commented on ACLS shares. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a 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. Finally, B. Riley cut their price target on shares of Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Trading Down 1.1 %

The firm has a market capitalization 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. The company’s 50-day simple moving average is $95.66 and its 200 day simple moving average is $112.87. The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04.

Institutional Trading of Axcelis Technologies

Several hedge funds have recently modified their holdings of ACLS. Boston Trust Walden Corp acquired a new position in shares of Axcelis Technologies during the third quarter valued at about $53,099,000. Reinhart Partners LLC. increased its holdings in shares of Axcelis Technologies by 64.1% during the third quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company’s stock valued at $72,096,000 after acquiring an additional 268,560 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Axcelis Technologies by 6.5% during the first quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock valued at $480,040,000 after acquiring an additional 263,604 shares in the last quarter. Granite Investment Partners LLC acquired a new position in shares of Axcelis Technologies during the second quarter valued at about $27,801,000. Finally, Boston Partners acquired a new position in shares of Axcelis Technologies during the first quarter valued at about $20,819,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

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.