Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report)'s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $64.52 and last traded at $64.74, with a volume of 47506 shares changing hands. The stock had previously closed at $68.00.
Analysts Set New Price Targets
A number of research firms have recently issued reports on ACLS. Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research note on Friday, November 8th. Craig Hallum cut their price target on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Finally, Benchmark cut Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $155.83.
Get Our Latest Stock Analysis on Axcelis Technologies
Axcelis Technologies Price Performance
The stock's 50 day simple moving average is $71.84 and its 200-day simple moving average is $90.09. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 2.48 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45.
Hedge Funds Weigh In On Axcelis Technologies
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACLS. Pacer Advisors Inc. grew its stake 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 purchasing an additional 781,154 shares during the last quarter. Boston Trust Walden Corp purchased a new stake in Axcelis Technologies in the third quarter valued at approximately $53,099,000. Reinhart Partners LLC. increased its holdings 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 buying an additional 348,504 shares during the period. Royce & Associates LP raised its position in Axcelis Technologies by 157.1% during the 3rd quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company's stock worth $28,694,000 after buying an additional 167,235 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Axcelis Technologies in the 3rd quarter valued at $13,874,000. Hedge funds and other institutional investors own 89.98% of the company's stock.
About Axcelis Technologies
(
Get Free Report)
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.
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