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

Axcelis Technologies, Inc. (NASDAQ:ACLS) shares hit a new 52-week low on Thursday . The company traded as low as $69.16 and last traded at $69.25, with a volume of 258885 shares. The stock had previously closed at $70.97.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ACLS shares. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Stock Down 2.6 %

The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 2.36 and a beta of 1.53. The business has a fifty day moving average of $82.48 and a 200 day moving average of $106.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.45 and a quick ratio of 3.29.

Institutional Investors Weigh In On Axcelis Technologies

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its position in Axcelis Technologies by 223.8% during the second quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 188 shares during the period. Fifth Third Bancorp raised its holdings in Axcelis Technologies by 1,514.9% in the 2nd quarter. Fifth Third Bancorp now owns 2,826 shares of the semiconductor company’s stock worth $402,000 after acquiring an additional 2,651 shares during the period. Atria Wealth Solutions Inc. lifted its position in Axcelis Technologies by 18.6% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 8,668 shares of the semiconductor company’s stock worth $1,233,000 after acquiring an additional 1,362 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Axcelis Technologies by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 16,400 shares of the semiconductor company’s stock valued at $2,332,000 after acquiring an additional 200 shares during the period. Finally, LRI Investments LLC grew its position in shares of Axcelis Technologies by 82.3% in the second quarter. LRI Investments LLC now owns 2,160 shares of the semiconductor company’s stock valued at $307,000 after purchasing an additional 975 shares during the last quarter. 89.98% of the stock is currently owned by 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.