Shares of Axcelis Technologies Inc. (NASDAQ:ACLS) shot up 2.6% on Thursday . The stock traded as high as $12.17 and last traded at $12.03, with a volume of 114,713 shares trading hands. The stock had previously closed at $11.73.

Several research firms recently weighed in on ACLS. Zacks Investment Research upgraded Axcelis Technologies from a “sell” rating to a “hold” rating in a report on Friday, August 5th. B. Riley restated a “buy” rating and issued a $4.00 price objective on shares of Axcelis Technologies in a report on Wednesday, June 15th. Finally, TheStreet upgraded Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $5.88.

The stock has a market capitalization of $349.90 million and a price-to-earnings ratio of 31.58. The company has a 50-day moving average price of $11.31 and a 200 day moving average price of $10.81.

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

In related news, Director Arthur L. George, Jr. bought 5,000 shares of the business’s stock in a transaction on Friday, August 5th. The stock was acquired at an average cost of $11.24 per share, with a total value of $56,200.00. Following the purchase, the director now directly owns 27,987 shares of the company’s stock, valued at $314,573.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP William J. Bintz sold 5,751 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $11.98, for a total value of $68,896.98. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Axcelis Technologies stock. Employees Retirement System of Texas raised 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 fund 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 quarter.

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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