Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $69.16 and last traded at $69.25, with a volume of 258885 shares traded. The stock had previously closed at $70.97.
Analyst Ratings Changes
A number of brokerages recently weighed in on ACLS. Needham & Company LLC restated a "hold" rating on shares of Axcelis Technologies in a report on Friday, November 8th. Benchmark lowered 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 company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $167.33.
View Our Latest Stock Analysis on ACLS
Axcelis Technologies Stock Down 2.5 %
The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.29 and a current ratio of 4.45. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 2.36 and a beta of 1.53. The business's 50 day moving average is $81.88 and its 200 day moving average is $106.21.
Institutional Trading of Axcelis Technologies
Hedge funds and other institutional investors have recently modified their holdings of the business. Boston Trust Walden Corp purchased a new stake in Axcelis Technologies in the 3rd quarter worth about $53,099,000. Reinhart Partners LLC. increased its holdings in shares of Axcelis Technologies by 64.1% in the 3rd quarter. Reinhart Partners LLC. now owns 687,608 shares of the semiconductor company's stock valued at $72,096,000 after purchasing an additional 268,560 shares during the period. Granite Investment Partners LLC purchased a new stake in shares of Axcelis Technologies in the second quarter worth approximately $27,801,000. Royce & Associates LP boosted its holdings in shares of Axcelis Technologies by 157.1% during the third quarter. Royce & Associates LP now owns 273,671 shares of the semiconductor company's stock worth $28,694,000 after purchasing an additional 167,235 shares during the period. Finally, Weiss Asset Management LP purchased a new position in Axcelis Technologies during the third quarter valued at approximately $13,874,000. Institutional investors and hedge funds own 89.98% of the company's stock.
Axcelis Technologies Company Profile
(
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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