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

TheMotleyFool

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Is This Mid-Cap Semiconductor Stock Setting Up for a Major Run?: https://g.foolcdn.com/editorial/images/710326/electronics-research-development-facility.jpg

American semiconductor company Axcelis Technologies (NASDAQ: ACLS) reported better-than-expected earnings last quarter. And it has a record-high $1.1 billion systems backlog. This is remarkable considering its $2.6 billion market cap.

Are things about to heat up for this facilitator of microchip manufacturing? Let's look at Axcelis' third-quarter performance and whether this semiconductor stock is poised for a move upward.

Source Fool.com

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