Axcelis Technologies (NASDAQ:ACLS) Reaches New 52-Week Low – Should You Sell?

Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $64.52 and last traded at $64.74, with a volume of 47506 shares trading hands. The stock had previously closed at $68.00.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Finally, Craig Hallum dropped their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Axcelis Technologies Trading Down 2.6 %

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 market cap of $2.15 billion, a PE ratio of 9.80, a PEG ratio of 2.48 and a beta of 1.52. The stock’s 50 day simple moving average is $72.37 and its 200 day simple moving average is $91.17.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. raised its holdings in Axcelis Technologies by 78,037.4% during the 4th quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock valued at $54,649,000 after buying an additional 781,154 shares during the last quarter. Boston Trust Walden Corp bought a new stake in Axcelis Technologies during the 3rd quarter valued at $53,099,000. Reinhart Partners LLC. raised its holdings in Axcelis Technologies by 50.7% during the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock valued at $72,393,000 after buying an additional 348,504 shares during the last quarter. Royce & Associates LP raised its holdings in Axcelis Technologies by 157.1% during 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. Finally, Weiss Asset Management LP bought a new stake in Axcelis Technologies during the 3rd quarter valued at $13,874,000. Hedge funds and other 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.