Axcelis Technologies (NASDAQ:ACLS) Reaches New 1-Year Low – Should You Sell?

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $69.16 and last traded at $69.25, with a volume of 258885 shares. The stock had previously closed at $70.97.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Benchmark lowered shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $167.33.

Axcelis Technologies Stock Performance

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 is $81.24 and its 200 day moving average is $105.92. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 2.36 and a beta of 1.53.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC increased its position in Axcelis Technologies by 420.1% during the 3rd quarter. Tidal Investments LLC now owns 8,858 shares of the semiconductor company’s stock worth $929,000 after purchasing an additional 7,155 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Axcelis Technologies during the 3rd quarter worth about $700,000. Neo Ivy Capital Management purchased a new stake in shares of Axcelis Technologies during the third quarter worth about $1,312,000. Geode Capital Management LLC raised its position in shares of Axcelis Technologies by 3.3% in the third quarter. Geode Capital Management LLC now owns 874,516 shares of the semiconductor company’s stock valued at $91,708,000 after buying an additional 28,141 shares during the last quarter. Finally, Pier Capital LLC lifted its stake in shares of Axcelis Technologies by 101.4% during the third quarter. Pier Capital LLC now owns 82,990 shares of the semiconductor company’s stock valued at $8,702,000 after buying an additional 41,782 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Axcelis Technologies Company Profile

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.