Axcelis Technologies (NASDAQ:ACLS) Sets New 52-Week Low – Time to Sell?

Axcelis Technologies, Inc. (NASDAQ:ACLS) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $70.04 and last traded at $70.24, with a volume of 66399 shares trading hands. The stock had previously closed at $72.14.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ACLS. B. Riley decreased their target price on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Benchmark cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Axcelis Technologies in a 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’s stock. According to data from MarketBeat.com, Axcelis Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Stock Performance

The company has a market capitalization of $2.31 billion, a P/E ratio of 10.50, a PEG ratio of 2.28 and a beta of 1.60. 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 fifty day simple moving average of $93.69 and a 200-day simple moving average of $112.02.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System raised its stake in shares of Axcelis Technologies by 15.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 10,740 shares of the semiconductor company’s stock worth $1,198,000 after acquiring an additional 1,430 shares during the last quarter. Vanguard Group Inc. raised its position in Axcelis Technologies by 6.5% in the 1st quarter. Vanguard Group Inc. now owns 4,304,516 shares of the semiconductor company’s stock worth $480,040,000 after purchasing an additional 263,604 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in Axcelis Technologies during the 1st quarter worth $719,000. Pitcairn Co. boosted its position in Axcelis Technologies by 5.1% in the 1st quarter. Pitcairn Co. now owns 5,301 shares of the semiconductor company’s stock valued at $591,000 after buying an additional 259 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in shares of Axcelis Technologies by 17.5% in the 1st quarter. Advisors Asset Management Inc. now owns 670 shares of the semiconductor company’s stock valued at $75,000 after buying an additional 100 shares during the period. Institutional investors own 89.98% of the company’s stock.

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.