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

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on ACLS shares. B. Riley Financial 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 report 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 report on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $189.00.

Axcelis Technologies Price Performance

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

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings data on Thursday, February 8th. The semiconductor company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. The firm had revenue of $310.29 million for the quarter, compared to analyst estimates of $297.92 million. Axcelis Technologies had a net margin of 21.78% and a return on equity of 31.66%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.71 earnings per share. Equities research analysts anticipate that Axcelis Technologies, Inc. will post 6.88 EPS for the current fiscal year.

Insider Transactions at Axcelis Technologies

In other news, EVP Douglas A. Lawson purchased 500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of $111.04 per share, with a total value of $55,520.00. Following the completion of the acquisition, the executive vice president now owns 19,648 shares of the company’s stock, valued at approximately $2,181,713.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.14% of the company’s stock.

Hedge Funds Weigh In On Axcelis Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACLS. Ronald Blue Trust Inc. lifted its holdings in Axcelis Technologies by 74.7% during the third quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 65 shares in the last quarter. Rakuten Securities Inc. purchased a new position in Axcelis Technologies during the fourth quarter valued at $27,000. NBC Securities Inc. purchased a new position in Axcelis Technologies during the third quarter valued at $28,000. GAMMA Investing LLC lifted its holdings in Axcelis Technologies by 109.4% during the first quarter. GAMMA Investing LLC now owns 266 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 139 shares in the last quarter. Finally, Clearstead Advisors LLC purchased a new position in Axcelis Technologies during the third quarter valued at $33,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

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.