Axcelis Technologies (NASDAQ:ACLS) Hits New 12-Month Low at $103.20

Axcelis Technologies, Inc. (NASDAQ:ACLS - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $103.20 and last traded at $103.46, with a volume of 138177 shares. The stock had previously closed at $104.61.

Analysts Set New Price Targets

ACLS has been the topic of a number of recent research reports. B. Riley Financial decreased their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, February 9th. B. Riley decreased their price target on shares of Axcelis Technologies from $180.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus 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 company's 50 day moving average price is $112.64 and its 200 day moving average price is $126.91. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 2.23 and a beta of 1.63.

Axcelis Technologies (NASDAQ:ACLS - Get Free Report) last issued its earnings results on Thursday, February 8th. The semiconductor company reported $2.15 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 the consensus estimate of $297.92 million. During the same quarter in the previous year, the company earned $1.71 EPS. The firm's revenue for the quarter was up 16.6% compared to the same quarter last year. On average, equities research analysts predict that Axcelis Technologies, Inc. will post 6.88 earnings per share for the current fiscal year.

Insider Activity

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 acquired at an average price of $111.04 per share, for a total transaction of $55,520.00. Following the transaction, the executive vice president now directly owns 19,648 shares in the company, valued at $2,181,713.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ACLS. Ronald Blue Trust Inc. raised its holdings in Axcelis Technologies by 74.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 152 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Bessemer Group Inc. raised its holdings in Axcelis Technologies by 27.5% during the 4th quarter. Bessemer Group Inc. now owns 389 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 84 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Axcelis Technologies by 2.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,140 shares of the semiconductor company's stock worth $418,000 after purchasing an additional 84 shares during the last quarter. Lincoln National Corp raised its holdings in Axcelis Technologies by 2.1% during the 4th quarter. Lincoln National Corp now owns 4,319 shares of the semiconductor company's stock worth $560,000 after purchasing an additional 88 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in Axcelis Technologies by 1.0% during the 1st quarter. Ensign Peak Advisors Inc now owns 10,540 shares of the semiconductor company's stock worth $1,404,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 89.98% of the company's stock.

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.