Axcelis Technologies (NASDAQ:ACLS) Reaches New 1-Year Low – Here’s What Happened

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s share price hit a new 52-week low on Monday . The company traded as low as $64.52 and last traded at $64.74, with a volume of 47506 shares. The stock had previously closed at $68.00.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ACLS. Craig Hallum cut their target price on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a research report on Friday, November 8th. Finally, Benchmark lowered Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Axcelis Technologies has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Axcelis Technologies Stock Performance

The company has a quick ratio of 3.29, a current ratio of 4.45 and a debt-to-equity ratio of 0.04. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 9.80, a price-to-earnings-growth ratio of 2.48 and a beta of 1.52. The company’s 50-day simple moving average is $72.37 and its 200-day simple moving average is $91.17.

Institutional Investors Weigh In On Axcelis Technologies

Hedge funds have recently made changes to their positions in the stock. Avior Wealth Management LLC increased its holdings 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 purchasing an additional 450 shares in the last quarter. Blue Trust Inc. boosted its stake in 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 last quarter. Truvestments Capital LLC bought a new position in Axcelis Technologies in the third quarter valued at approximately $69,000. Palouse Capital Management Inc. bought a new position in Axcelis Technologies in the fourth quarter valued at approximately $79,000. Finally, KBC Group NV boosted its stake in Axcelis Technologies by 46.8% in the fourth quarter. KBC Group NV now owns 1,371 shares of the semiconductor company’s stock valued at $96,000 after acquiring an additional 437 shares during the last quarter. 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.