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Axcelis Technologies (NASDAQ:ACLS) Director Stephen R. Hardis bought 30,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, May 19th. The stock was purchased at an average cost of $1.60 per share, with a total value of $48,000.00. Following the purchase, the director now directly owns 702,068 shares in the company, valued at approximately $1,123,309. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Axcelis Technologies (NASDAQ:ACLS) traded up 4.97% on Tuesday, hitting $1.69. 872,668 shares of the company’s stock traded hands. Axcelis Technologies has a 52 week low of $1.44 and a 52 week high of $2.58. The stock has a 50-day moving average of $1.8 and a 200-day moving average of $2.17. The company’s market cap is $187.9 million.

Separately, analysts at Zacks upgraded shares of Axcelis Technologies from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $2.10 price target on the stock.

Axcelis Technologies, Inc (NASDAQ:ACLS) designs, manufactures and services ion implantation, dry strip and other processing equipment used in the fabrication of semiconductor chips.

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