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

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $69.16 and last traded at $69.25, with a volume of 258885 shares changing hands. The stock had previously closed at $70.97.

Analysts Set New Price Targets

ACLS has been the topic of several recent analyst reports. Benchmark downgraded Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Axcelis Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Trading Up 0.4 %

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 company has a market capitalization of $2.26 billion, a PE ratio of 10.28, a P/E/G ratio of 2.36 and a beta of 1.53. The business has a fifty day moving average price of $81.24 and a 200 day moving average price of $105.92.

Hedge Funds Weigh In On Axcelis Technologies

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC boosted its position in Axcelis Technologies by 420.1% during the 3rd quarter. Tidal Investments LLC now owns 8,858 shares of the semiconductor company’s stock worth $929,000 after purchasing an additional 7,155 shares during the period. Virtu Financial LLC acquired a new position in shares of Axcelis Technologies during the third quarter worth about $700,000. Neo Ivy Capital Management purchased a new stake in shares of Axcelis Technologies in the third quarter worth about $1,312,000. Geode Capital Management LLC grew its stake in shares of Axcelis Technologies by 3.3% in the third quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock valued at $91,708,000 after buying an additional 28,141 shares in the last quarter. Finally, Pier Capital LLC raised its holdings in shares of Axcelis Technologies by 101.4% during the 3rd quarter. Pier Capital LLC now owns 82,990 shares of the semiconductor company’s stock valued at $8,702,000 after buying an additional 41,782 shares during the period. 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.