Axcelis Technologies (NASDAQ:ACLS) Sets New 12-Month Low - Should You Sell?

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $55.93 and last traded at $55.73, with a volume of 526063 shares traded. The stock had previously closed at $59.91.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ACLS shares. Benchmark downgraded shares of Axcelis Technologies from a "buy" rating to a "hold" rating in a report on Friday, November 8th. William Blair downgraded shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Craig Hallum lowered their target price on shares of Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. Finally, Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Axcelis Technologies currently has an average rating of "Hold" and an average price target of $154.00.

Axcelis Technologies Stock Performance

The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.92, a P/E/G ratio of 4.52 and a beta of 1.52. The company's fifty day simple moving average is $67.21 and its 200 day simple moving average is $82.83. The company has a quick ratio of 4.05, a current ratio of 5.41 and a debt-to-equity ratio of 0.04.

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Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. On average, equities research analysts expect that Axcelis Technologies, Inc. will post 2.55 earnings per share for the current year.

Institutional Investors Weigh In On Axcelis Technologies

A number of institutional investors have recently modified their holdings of ACLS. Signaturefd LLC boosted its position in shares of Axcelis Technologies by 90.6% in the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company's stock valued at $25,000 after acquiring an additional 173 shares during the period. Avior Wealth Management LLC boosted its position in shares of Axcelis Technologies by 1,153.8% in the fourth quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 450 shares during the period. Capital Advisors Ltd. LLC boosted its position in shares of Axcelis Technologies by 1,415.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company's stock valued at $35,000 after acquiring an additional 467 shares during the period. Blue Trust Inc. boosted its position in shares of Axcelis Technologies by 85.5% in the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 289 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Axcelis Technologies by 184.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company's stock valued at $47,000 after acquiring an additional 433 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.