Axcelis Technologies Inc (NASDAQ:ACLS) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $18.35 and last traded at $18.75, with a volume of 6916 shares. The stock had previously closed at $19.00.

ACLS has been the topic of several analyst reports. ValuEngine raised shares of Axcelis Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price target on shares of Axcelis Technologies in a research note on Friday, August 3rd. Craig Hallum raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Benchmark reaffirmed a “buy” rating and set a $32.00 price target on shares of Axcelis Technologies in a research note on Friday, August 3rd. Finally, BidaskClub downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.50.

The company has a market capitalization of $624.46 million, a PE ratio of 12.74 and a beta of 0.85.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.08. Axcelis Technologies had a net margin of 28.57% and a return on equity of 16.84%. The firm had revenue of $119.30 million for the quarter, compared to the consensus estimate of $116.33 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. equities research analysts expect that Axcelis Technologies Inc will post 1.33 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACLS. BlackRock Inc. increased its position in shares of Axcelis Technologies by 10.9% in the 2nd quarter. BlackRock Inc. now owns 4,529,402 shares of the semiconductor company’s stock worth $89,683,000 after purchasing an additional 445,693 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Axcelis Technologies by 315.0% in the 1st quarter. JPMorgan Chase & Co. now owns 208,248 shares of the semiconductor company’s stock worth $5,123,000 after purchasing an additional 158,065 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Axcelis Technologies by 147.8% in the 1st quarter. Wells Fargo & Company MN now owns 200,194 shares of the semiconductor company’s stock worth $4,926,000 after purchasing an additional 119,402 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Axcelis Technologies by 5.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,955,604 shares of the semiconductor company’s stock worth $38,721,000 after purchasing an additional 105,108 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Axcelis Technologies by 19.1% in the 1st quarter. Millennium Management LLC now owns 571,105 shares of the semiconductor company’s stock worth $14,049,000 after purchasing an additional 91,666 shares during the last quarter. 84.60% of the stock is owned by institutional investors.

Axcelis Technologies Company Profile (NASDAQ:ACLS)

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips worldwide. The company offers a line of high energy, high current, and medium current implanters for various application requirements. It also provides dry strip equipment, curing systems, and thermal processing systems.

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