Shares of Axcelis Technologies Inc. (NASDAQ:ACLS) were up 1.7% during mid-day trading on Friday . The company traded as high as $11.99 and last traded at $11.91, with a volume of 74,957 shares changing hands. The stock had previously closed at $11.71.

A number of analysts have recently issued reports on ACLS shares. Zacks Investment Research downgraded Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. B. Riley reiterated a “buy” rating and set a $4.25 price target on shares of Axcelis Technologies in a research report on Sunday, May 8th. Finally, TheStreet upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Axcelis Technologies has a consensus rating of “Buy” and a consensus price target of $5.88.

The firm’s 50-day moving average price is $10.93 and its 200 day moving average price is $10.65. The stock has a market cap of $342.90 million and a P/E ratio of 30.95.

Axcelis Technologies (NASDAQ:ACLS) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. The firm had revenue of $64.45 million for the quarter, compared to analysts’ expectations of $66.04 million. During the same quarter last year, the company posted $0.05 EPS. The firm’s revenue was down 17.8% compared to the same quarter last year. Equities analysts anticipate that Axcelis Technologies Inc. will post $0.37 earnings per share for the current year.

In other news, Director Arthur L. George, Jr. acquired 5,000 shares of Axcelis Technologies stock in a transaction that occurred on Friday, August 5th. The stock was bought at an average price of $11.24 per share, for a total transaction of $56,200.00. Following the completion of the transaction, the director now owns 27,987 shares in the company, valued at $314,573.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William J. Bintz sold 25,750 shares of the company’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $11.98, for a total value of $308,485.00. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Axcelis Technologies stock. Employees Retirement System of Texas increased its position in Axcelis Technologies Inc. (NASDAQ:ACLS) by 32.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 684,551 shares of the company’s stock after buying an additional 168,551 shares during the period. Employees Retirement System of Texas owned approximately 0.59% of Axcelis Technologies worth $1,773,000 at the end of the most recent reporting period.

Axcelis Technologies, Inc designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company operates through the manufacture of capital equipment for the semiconductor manufacturing industry segment. The Company sells its equipment to semiconductor chip manufacturers across the world.

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