Axcelis Technologies (NASDAQ:ACLS) Hits New 12-Month Low – Time to Sell?

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $86.34 and last traded at $86.54, with a volume of 111178 shares traded. The stock had previously closed at $90.15.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ACLS shares. Bank of America boosted their price objective on Axcelis Technologies from $125.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Craig Hallum boosted their price objective on Axcelis Technologies from $130.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, July 12th. B. Riley dropped their price objective on Axcelis Technologies from $190.00 to $165.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Axcelis Technologies in a research report on Friday, August 2nd. Finally, Benchmark decreased their target price on Axcelis Technologies from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $167.33.

Axcelis Technologies Price Performance

The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 2.72 and a beta of 1.58. The company has a 50-day moving average price of $99.27 and a 200-day moving average price of $113.59. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.26 and a current ratio of 4.42.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.18. Axcelis Technologies had a return on equity of 27.35% and a net margin of 21.54%. The business had revenue of $256.51 million during the quarter, compared to analyst estimates of $250.06 million. During the same period in the previous year, the firm earned $1.86 EPS. Axcelis Technologies’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, equities research analysts expect that Axcelis Technologies, Inc. will post 6.05 EPS for the current fiscal year.

Insider Activity at Axcelis Technologies

In related news, Director Jorge Titinger sold 6,086 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $109.98, for a total value of $669,338.28. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $647,892.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.43% of the stock is owned by insiders.

Institutional Investors Weigh In On Axcelis Technologies

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC lifted its stake in Axcelis Technologies by 348.9% in the 2nd quarter. Signaturefd LLC now owns 211 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 164 shares in the last quarter. Blue Trust Inc. lifted its stake in Axcelis Technologies by 223.8% in the 2nd quarter. Blue Trust Inc. now owns 272 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 188 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Axcelis Technologies in the 2nd quarter valued at approximately $39,000. Isthmus Partners LLC lifted its stake in Axcelis Technologies by 87.3% in the 2nd quarter. Isthmus Partners LLC now owns 33,270 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 15,507 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Axcelis Technologies in the 2nd quarter valued at approximately $69,000. 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.