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 on Friday . The company traded as low as $67.50 and last traded at $68.11, with a volume of 93383 shares changing hands. The stock had previously closed at $73.10.

Analyst Ratings Changes

ACLS has been the topic of several analyst reports. Benchmark lowered shares of 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 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $167.33.

Axcelis Technologies Trading Down 7.4 %

The company has a market cap of $2.20 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 2.36 and a beta of 1.53. The firm has a fifty day moving average price of $75.48 and a 200 day moving average price of $100.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45.

Institutional Investors Weigh In On Axcelis Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Axcelis Technologies in the second quarter valued at about $39,000. Meeder Asset Management Inc. bought a new position in Axcelis Technologies in the 2nd quarter valued at about $69,000. Truvestments Capital LLC acquired a new stake in Axcelis Technologies during the third quarter worth approximately $69,000. KBC Group NV boosted its holdings in shares of Axcelis Technologies by 30.3% during the third quarter. KBC Group NV now owns 934 shares of the semiconductor company’s stock worth $98,000 after acquiring an additional 217 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in shares of Axcelis Technologies during the third quarter worth approximately $105,000. Institutional investors and hedge funds 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.