Axcelis Technologies (NASDAQ:ACLS) Reaches New 52-Week Low at $93.77

Axcelis Technologies, Inc. (NASDAQ:ACLS)’s share price reached a new 52-week low on Monday . The stock traded as low as $93.77 and last traded at $94.97, with a volume of 134241 shares traded. The stock had previously closed at $94.79.

Analyst Ratings Changes

Several analysts have weighed in on the stock. B. Riley Financial lowered their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. B. Riley lowered their price objective on shares of Axcelis Technologies from $180.00 to $165.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $189.00.

Axcelis Technologies Trading Up 0.3 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 3.79 and a quick ratio of 2.71. The firm’s 50 day moving average price is $109.51 and its 200 day moving average price is $124.29. The stock has a market capitalization of $3.17 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.02 and a beta of 1.63.

Axcelis Technologies (NASDAQ:ACLS) last announced its quarterly earnings results on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.17. Axcelis Technologies had a net margin of 21.78% and a return on equity of 31.66%. The company had revenue of $310.29 million for the quarter, compared to analysts’ expectations of $297.92 million. During the same quarter in the previous year, the company earned $1.71 earnings per share. Axcelis Technologies’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, equities research analysts expect that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current fiscal year.

Insider Activity at Axcelis Technologies

In related news, EVP Douglas A. Lawson purchased 500 shares of Axcelis Technologies stock in a transaction that occurred on Friday, February 23rd. The shares were bought 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 of the company’s stock, valued at $2,181,713.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Axcelis Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Axcelis Technologies by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 4,040,912 shares of the semiconductor company’s stock worth $524,066,000 after purchasing an additional 92,584 shares during the period. Invesco Ltd. grew its holdings in Axcelis Technologies by 17.1% in the third quarter. Invesco Ltd. now owns 970,409 shares of the semiconductor company’s stock worth $158,225,000 after purchasing an additional 141,372 shares during the period. Ameriprise Financial Inc. grew its holdings in Axcelis Technologies by 11.8% in the third quarter. Ameriprise Financial Inc. now owns 447,869 shares of the semiconductor company’s stock worth $73,036,000 after purchasing an additional 47,133 shares during the period. Goldman Sachs Group Inc. grew its holdings in Axcelis Technologies by 0.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 442,586 shares of the semiconductor company’s stock worth $57,399,000 after purchasing an additional 3,999 shares during the period. Finally, Norges Bank purchased a new stake in Axcelis Technologies in the fourth quarter worth about $57,105,000. Hedge funds and other 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.