Axcelis Technologies (NASDAQ:ACLS) Hits New 12-Month Low at $103.20

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $103.20 and last traded at $103.46, with a volume of 138177 shares changing hands. The stock had previously closed at $104.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. B. Riley Financial reduced their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a report on Friday, February 9th. B. Riley decreased their price objective on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Axcelis Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Axcelis Technologies Price Performance

The firm has a market cap of $3.34 billion, a P/E ratio of 13.91, a P/E/G ratio of 2.22 and a beta of 1.63. The company has a quick ratio of 2.71, a current ratio of 3.79 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $112.13 and its two-hundred day moving average is $126.50.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.17. Axcelis Technologies had a return on equity of 31.66% and a net margin of 21.78%. The firm had revenue of $310.29 million during the quarter, compared to analyst estimates of $297.92 million. During the same period last year, the company posted $1.71 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, analysts anticipate that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Douglas A. Lawson acquired 500 shares of the stock in a transaction dated Friday, February 23rd. The stock was bought at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the purchase, the executive vice president now directly owns 19,648 shares of the company’s stock, valued at approximately $2,181,713.92. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. grew its position in Axcelis Technologies by 74.7% in the 3rd quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 65 shares during the period. Bessemer Group Inc. boosted its position in shares of Axcelis Technologies by 27.5% during the fourth quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 84 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Axcelis Technologies by 2.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,140 shares of the semiconductor company’s stock worth $418,000 after acquiring an additional 84 shares in the last quarter. Lincoln National Corp increased its stake in Axcelis Technologies by 2.1% in the 4th quarter. Lincoln National Corp now owns 4,319 shares of the semiconductor company’s stock valued at $560,000 after buying an additional 88 shares during the last quarter. Finally, Ensign Peak Advisors Inc boosted its position in Axcelis Technologies by 1.0% in the first quarter. Ensign Peak Advisors Inc now owns 10,540 shares of the semiconductor company’s stock worth $1,404,000 after purchasing an additional 100 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.