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.

Continue reading

Source Fool.com