Shares of Axcelis Technologies Inc. (NASDAQ:ACLS) traded 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 recently issued reports on the company. B. Riley reissued a “buy” rating on shares of Axcelis Technologies in a research report on Tuesday, August 9th. TheStreet raised Axcelis Technologies from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Zacks Investment Research raised Axcelis Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 5th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $5.88.

The company has a market capitalization of $342.90 million and a P/E ratio of 30.95. The firm has a 50 day moving average price of $10.96 and a 200-day moving average price of $10.66.

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

In other news, EVP William J. Bintz sold 5,751 shares of Axcelis Technologies stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $11.98, for a total transaction of $68,896.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arthur L. George, Jr. bought 5,000 shares of the company’s stock in a transaction dated Friday, August 5th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $314,573.88. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in Axcelis Technologies stock. Victory Capital Management Inc. raised its position in Axcelis Technologies Inc. (NASDAQ:ACLS) by 102.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 395,378 shares of the company’s stock after buying an additional 199,946 shares during the period. Victory Capital Management Inc. owned about 0.34% of Axcelis Technologies worth $1,024,000 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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