Is This Mid-Cap Semiconductor Stock Setting Up for a Major Run?

Is This Mid-Cap Semiconductor Stock Setting Up for a Major Run?

American semiconductor company Axcelis Technologies (NASDAQ: ACLS) reported better-than-expected earnings last quarter. Let's look at Axcelis' third-quarter performance and whether this semiconductor stock is poised for a move upward. Axcelis enjoyed a third-quarter revenue jump of nearly 30% year over year, and profit for the quarter rose 35% over the equivalent three month period last year.