Axcelis Technologies (NASDAQ:ACLS) Reaches New 52-Week Low at $103.20

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

Analysts Set New Price Targets

ACLS has been the topic of several analyst reports. B. Riley Financial lowered their target price on Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating on the stock in a research report on Friday, February 9th. B. Riley reduced their target price on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $189.00.

Axcelis Technologies Price Performance

The firm has a 50-day moving average of $112.13 and a 200-day moving average of $126.50. The stock has a market cap of $3.34 billion, a PE ratio of 13.91, a PEG ratio of 2.22 and a beta of 1.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.79 and a quick ratio of 2.71.

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

Insider Buying and Selling at Axcelis Technologies

In other news, EVP Douglas A. Lawson acquired 500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the completion of the transaction, the executive vice president now directly owns 19,648 shares in the company, valued at approximately $2,181,713.92. The acquisition was disclosed in a filing with the SEC, which is available through this link. 1.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ACLS. Norges Bank purchased a new stake in Axcelis Technologies during the fourth quarter valued at $57,105,000. Ameriprise Financial Inc. raised its position in shares of Axcelis Technologies by 343.8% during the 1st quarter. Ameriprise Financial Inc. now owns 567,244 shares of the semiconductor company’s stock valued at $75,587,000 after buying an additional 439,443 shares in the last quarter. Reinhart Partners LLC. bought a new position in shares of Axcelis Technologies in the 1st quarter valued at about $37,871,000. Jackson Square Partners LLC purchased a new position in Axcelis Technologies in the fourth quarter worth about $42,892,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Axcelis Technologies by 89.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 607,829 shares of the semiconductor company’s stock worth $80,993,000 after acquiring an additional 286,195 shares during the last quarter. 89.98% of the stock is currently owned by institutional investors.

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.