Home Equities Score How Did The ACLS Stock Gain Nearly 16 Percent In Thursday Trades?

How Did The ACLS Stock Gain Nearly 16 Percent In Thursday Trades?

Axcelis Technologies Inc. (NASDAQ: ACLS) has about 437.56K shares of average volume, but there were 1.01 million shares traded on Thursday. ACLS stock concluded the trading at $46.10, up 15.84% from its previous closing price of $41.09. Recent trading in the ACLS stock has seen it touch highs of $47.74 and lows of $41.92.

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Axcelis stock has a 52-week high of $44.20, and a 52-week low of $16.11. Market capitalization for Axcelis is now $1.52 billion and enterprise value is approximately 1.45B. Several high-energy systems shipped by Axcelis triggered an increase in the ACLS stock.


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The shipments were for what?

For more than 40 years, Axcelis of Beverly, Mass., has been providing innovative, high-productivity solutions to the semiconductor industry. Through the design, manufacture, and total life cycle support of ion implantation systems, ACLS is devoted to developing and enabling process applications for semiconductor manufacturing.

Several Purion VXE high-energy systems have been shipped by Axcelis to leading CMOS image sensor manufacturers, as announced ACLS on past Wednesday. Among these shipments is one with a follow-up to Purion VXE evaluation that closed just recently.

The Purion VXE is a high-energy solution that extends the range of the Purion XE high-energy implant. The ACLS shipped their systems in the first quarter.

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ACLS’s prospects:

Due to the high demand for products in the IoT, mobile, and automotive markets, the image sensor market is expected to continue its upward trajectory. Accompanying this and Axcelis (ACLS) recent Purion VXE and Purion XEmax shipments further instill more confidence in ACLS’s market position.

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