Axcelis Technologies (NASDAQ:ACLS) Reaches New 52-Week Low – Here’s What Happened

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $58.60 and last traded at $61.61, with a volume of 452447 shares trading hands. The stock had previously closed at $67.58.

Wall Street Analysts Forecast Growth

ACLS has been the subject of several recent research reports. William Blair downgraded Axcelis Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Craig Hallum dropped their price objective on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a report on Wednesday. Finally, Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $154.00.

Axcelis Technologies Trading Up 1.4 %

The business’s 50-day simple moving average is $70.94 and its two-hundred day simple moving average is $88.00. The company has a current ratio of 4.45, a quick ratio of 3.29 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.96 billion, a PE ratio of 8.90, a PEG ratio of 2.39 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 20.65% and a return on equity of 24.16%. On average, analysts predict that Axcelis Technologies, Inc. will post 5.86 earnings per share for the current year.

Institutional Trading of Axcelis Technologies

Several hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. grew its position in shares of Axcelis Technologies by 78,037.4% during the fourth quarter. Pacer Advisors Inc. now owns 782,155 shares of the semiconductor company’s stock worth $54,649,000 after acquiring an additional 781,154 shares during the last quarter. Norges Bank bought a new stake in Axcelis Technologies in the 4th quarter valued at about $36,050,000. Boston Trust Walden Corp acquired a new position in Axcelis Technologies during the 3rd quarter valued at about $53,099,000. Reinhart Partners LLC. grew its position in Axcelis Technologies by 50.7% in the 4th quarter. Reinhart Partners LLC. now owns 1,036,112 shares of the semiconductor company’s stock worth $72,393,000 after purchasing an additional 348,504 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Axcelis Technologies by 37.8% in the fourth quarter. American Century Companies Inc. now owns 1,060,096 shares of the semiconductor company’s stock valued at $74,069,000 after purchasing an additional 290,678 shares during the period. Institutional investors own 89.98% of the company’s stock.

About Axcelis Technologies

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.