Axcelis Technologies (NASDAQ:ACLS) Hits New 52-Week Low - Should You Sell?

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report)'s share price hit a new 52-week low during mid-day 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

Several equities research analysts have issued reports on the stock. Benchmark lowered shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a research note on Friday, November 8th. William Blair downgraded shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday. Craig Hallum cut their price target on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $154.00.

Axcelis Technologies Stock Down 1.9 %

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 stock's 50-day moving average price is $70.39 and its two-hundred day moving average price is $87.63. The stock has a market capitalization of $1.98 billion, a P/E ratio of 9.00, a P/E/G ratio of 2.39 and a beta of 1.52.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a return on equity of 24.16% and a net margin of 20.65%. As a group, research analysts expect that Axcelis Technologies, Inc. will post 5.86 earnings per share for the current fiscal year.

Institutional Trading of Axcelis Technologies

Several large investors have recently added to or reduced their stakes in ACLS. Nisa Investment Advisors LLC grew its stake in shares of Axcelis Technologies by 11.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,069 shares of the semiconductor company's stock worth $112,000 after buying an additional 114 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Axcelis Technologies by 5.8% in the third quarter. Crossmark Global Holdings Inc. now owns 2,398 shares of the semiconductor company's stock worth $251,000 after acquiring an additional 132 shares during the period. Bank of Montreal Can boosted its holdings in shares of Axcelis Technologies by 3.9% in the fourth quarter. Bank of Montreal Can now owns 4,540 shares of the semiconductor company's stock worth $317,000 after buying an additional 170 shares during the last quarter. Signaturefd LLC increased its stake in shares of Axcelis Technologies by 90.6% in the 4th quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 173 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Axcelis Technologies by 30.3% during the 3rd quarter. KBC Group NV now owns 934 shares of the semiconductor company's stock valued at $98,000 after acquiring an additional 217 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.