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

Several analysts have issued reports on the company. B. Riley restated a “buy” rating and set a $4.00 price objective on shares of Axcelis Technologies in a research note on Wednesday, June 15th. Zacks Investment Research cut Axcelis Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, TheStreet upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research note on Monday, March 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Axcelis Technologies currently has a consensus rating of “Buy” and an average target price of $5.88.

The company’s 50-day moving average is $10.70 and its 200-day moving average is $10.47. The company has a market capitalization of $307.43 million and a P/E ratio of 22.07.

Axcelis Technologies (NASDAQ:ACLS) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $67.50 million for the quarter, compared to the consensus estimate of $65.95 million. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period last year, the firm earned $0.02 earnings per share. On average, equities research analysts predict that Axcelis Technologies Inc. will post $0.43 EPS for the current fiscal year.

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

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