10 Cash-Rich Small Cap Stocks To Invest In According To Analysts

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

TTM Operating Cash Flow as of December 31, 2024: $140,818,000

Number of Hedge Fund Holders: 27

Average Upside Potential: 44.47%

Axcelis Technologies, Inc. (NASDAQ:ACLS) is involved in designing, manufacturing, and servicing ion implantation and processing equipment for semiconductor chip production. It operates in the US, Europe, Japan, and the Asia-Pacific region. On February 3, the company received the ‘2024 SK hynix CSO Safety and Health Award’, recognizing its commitment to safety and compliance in semiconductor manufacturing. The award, presented in Icheon, Korea, acknowledges suppliers for regulatory compliance and risk reduction in the supply chain. ACLS is one of the best cash rich stocks to monitor.

In the fourth quarter of 2024, Axcelis Technologies, Inc. (NASDAQ:ACLS)’s revenue came in at $252 million, with earnings per diluted share of $1.54. Revenue slightly exceeded expectations, as strong demand for off-the-market CS&I sales helped counter the expected decline in system sales. This growth in the CS&I segment was a major factor behind better-than-expected margins and earnings per share. The firm generated $8 million in free cash flow for the quarter. The reduction in cash flow compared to the prior quarter was due to the timing of cash receipts related to deliveries made during the fourth quarter.

As per Insider Monkey’s fourth quarter database, 27 hedge funds were bullish on Axcelis Technologies, Inc. (NASDAQ:ACLS), compared to 29 funds in the third quarter. Royce & Associates held the biggest position in the company, with 333,426 shares worth $23.3 million.