Shares of Axcelis Technologies Inc. (NASDAQ:ACLS) were up 2% on Wednesday . The stock traded as high as $10.55 and last traded at $10.51, with a volume of 185,855 shares. The stock had previously closed at $10.30.

Several analysts recently weighed in on ACLS shares. B. Riley reissued a “buy” rating and issued a $4.25 price objective on shares of Axcelis Technologies in a research note on Sunday, May 8th. Zacks Investment Research cut shares of Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Finally, TheStreet raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Monday, March 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $5.88.

The stock has a 50-day moving average price of $10.70 and a 200-day moving average price of $10.47. The company has a market cap of $304.81 million and a P/E ratio of 21.88.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The company had revenue of $67.50 million for the quarter, compared to analysts’ expectations of $65.95 million. The business’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Equities analysts forecast that Axcelis Technologies Inc. will post $0.43 earnings per share for the current fiscal year.

Other institutional investors have modified their holdings of the company. Royce & Associates LLC boosted its position in shares of Axcelis Technologies by 40.6% in the fourth quarter. Royce & Associates LLC now owns 3,899,095 shares of the company’s stock worth $10,099,000 after buying an additional 1,125,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Axcelis Technologies by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,470,728 shares of the company’s stock worth $14,169,000 after buying an additional 443,943 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Axcelis Technologies by 102.3% in the fourth quarter. Victory Capital Management Inc. now owns 395,378 shares of the company’s stock worth $1,024,000 after buying an additional 199,946 shares during the last quarter.

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company sells its equipment to semiconductor chip manufacturers across the world. In addition to equipment, it provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.