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

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) hit a new 52-week low on Thursday . The stock traded as low as $46.50 and last traded at $46.03, with a volume of 117471 shares changing hands. The stock had previously closed at $50.96.

Analysts Set New Price Targets

ACLS has been the topic of several analyst reports. Craig Hallum dropped their target price on Axcelis Technologies from $115.00 to $105.00 and set a "buy" rating on the stock in a report on Wednesday, January 15th. William Blair downgraded shares of Axcelis Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, February 12th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Axcelis Technologies in a research note on Wednesday, February 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Axcelis Technologies presently has an average rating of "Hold" and a consensus target price of $154.00.

Axcelis Technologies Stock Down 4.8 %

The firm has a 50-day simple moving average of $58.96 and a 200 day simple moving average of $73.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. The stock has a market capitalization of $1.37 billion, a P/E ratio of 6.94, a P/E/G ratio of 4.52 and a beta of 1.59.

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

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Axcelis Technologies announced that its board has approved a stock repurchase program on Wednesday, March 12th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the semiconductor company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Institutional Trading of Axcelis Technologies

Several hedge funds have recently modified their holdings of ACLS. GAMMA Investing LLC raised its holdings in Axcelis Technologies by 9,286.1% during the first quarter. GAMMA Investing LLC now owns 78,280 shares of the semiconductor company's stock worth $3,888,000 after buying an additional 77,446 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Axcelis Technologies by 118.7% during the first quarter. Versant Capital Management Inc now owns 584 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 317 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Axcelis Technologies in the 4th quarter worth about $298,000. Mackenzie Financial Corp lifted its position in Axcelis Technologies by 186.3% in the 4th quarter. Mackenzie Financial Corp now owns 5,887 shares of the semiconductor company's stock valued at $411,000 after acquiring an additional 3,831 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in Axcelis Technologies during the 4th quarter valued at about $510,000. 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.