5 High Growth Semiconductor Stocks That Are Profitable

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

Latest Quarter YoY Revenue Growth: 27.5%

Number of Hedge Fund Holders: 29

Axcelis Technologies, Inc. (NASDAQ:ACLS) is a Massachusetts-based company that offers industrial equipment and services for the semiconductor industry.

In the third quarter, Axcelis Technologies, Inc. (NASDAQ:ACLS) announced its third-quarter earnings result with a GAAP EPS of $1.99, which beat the estimates by $0.26. The revenue rose by 27.5% year-over-year (YoY) to $292.3 million, topping the estimates by $12.06 million.

On December 12, Axcelis Technologies, Inc. (NASDAQ:ACLS) reported the shipment of multiple Purion H SiC Power Series and the Purion M SiC Power Series ion implanter systems to multiple device chipmakers in Europe and Asia. The company also reported the closure of the Purion H200 SiC Power Series evaluation tool in Europe.

On December 7, Axcelis Technologies, Inc. (NASDAQ:ACLS) announced shipping its Purion XE high energy and the Purion H high current implanters to several fabs in Korea and China for the manufacturing of DRAM memory devices.

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