5 Best Performing Semiconductor Stocks of 2021

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

Number of Hedge Fund Holders: 22

Year-To-Date Gain: 116%   

Axcelis Technologies, Inc. (NASDAQ:ACLS) markets ion implantation and other processing equipment used for the fabrication of semiconductor chips. The company has increased collaborations internationally in the past year, sending high energy and high current systems to a leading chip foundry in China. 

Axcelis Technologies, Inc. (NASDAQ:ACLS) posted earnings for the third quarter on November 3, reporting earnings per share of $0.81, beating estimates by $0.10. The revenue over the period was $176 million, up 60% year-on-year. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm Rima Senvest Management is a leading shareholder in Axcelis Technologies, Inc. (NASDAQ:ACLS) with 1.8 million shares worth more than $88 million.