13 Best Semiconductor Equipment Stocks to Buy According to Hedge Funds 

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11. Axcelis Technologies, Inc. (NASDAQ:ACLS)

Number of Hedge Fund Holders In Q2 2025: 29

Axcelis Technologies, Inc. (NASDAQ:ACLS) is a specialty semiconductor equipment manufacturing firm. It primarily deals with the ion implantation process through its implanters. Ion implantation in the chip manufacturing process allows fabrication companies to introduce different properties into the silicon wafers. These properties include wear resistance and conductivity, among others.

B. Riley maintained a Neutral rating on Axcelis Technologies, Inc. (NASDAQ:ACLS)’s on November 5th. The firm also reduced the share price target to $84 from $85. The rating and price target came after Axcelis Technologies, Inc. (NASDAQ:ACLS) reported its latest earnings report. The results saw the firm post $213 million in revenue and $1.21 in earnings per share. The figures beat analyst estimates of $200 million and $1.01.

Apart from B. Riley’s coverage and the earnings, it’s been relatively quiet for Axcelis Technologies, Inc. (NASDAQ:ACLS) on the news front. The firm announced in October that it would merge with Veeco Instruments through an all-stock merger expected to have a $4.4 billion enterprise value. Veeco is also a semiconductor equipment company, and it makes and sells etching, deposition, ionization, and other equipment.

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