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

Several analysts have commented on ACLS shares. Zacks Investment Research downgraded shares of Axcelis Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. TheStreet raised shares of Axcelis Technologies from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Finally, B. Riley reaffirmed a “buy” rating and set a $4.00 price objective on shares of Axcelis Technologies in a report on Monday, June 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Axcelis Technologies has a consensus rating of “Buy” and an average target price of $5.88.

The stock has a market capitalization of $352.52 million and a price-to-earnings ratio of 31.82. The stock has a 50 day moving average of $11.33 and a 200-day moving average of $10.81.

Axcelis Technologies (NASDAQ:ACLS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06. The company had revenue of $64.45 million for the quarter, compared to analyst estimates of $66.04 million. The business’s quarterly revenue was down 17.8% on a year-over-year basis. During the same quarter last year, the business posted $0.05 earnings per share. On average, analysts anticipate that Axcelis Technologies Inc. will post $0.37 earnings per share for the current year.

In other Axcelis Technologies news, EVP William J. Bintz sold 5,751 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $11.98, for a total transaction of $68,896.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Arthur L. George, Jr. bought 5,000 shares of the company’s stock in a transaction on Friday, August 5th. The shares were bought at an average price of $11.24 per share, for a total transaction of $56,200.00. Following the completion of the acquisition, the director now directly owns 27,987 shares in the company, 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. Employees Retirement System of Texas increased its stake in Axcelis Technologies Inc. (NASDAQ:ACLS) by 32.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.59% of Axcelis Technologies worth $1,773,000 as of its most recent filing with the SEC.

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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