This Semiconductor Growth Stock's Profit Just Soared by 97%

In times of stock market volatility, it can be useful to focus on companies that have a track record of profitability. Those businesses tend to see less of a drawdown in their share price compared to high-growth tech stocks that rely on raising additional capital from investors.

With the Nasdaq 100 index down 11% year to date, now might be one of those moments. Semiconductor-service company Axcelis Technologies (NASDAQ: ACLS) released its full-year 2021 report on Feb. 7, and it revealed a near-doubling of its earnings per share compared to 2020.

As the semiconductor industry grows more critical to the modern economy through the digitization of consumer goods that require advanced computer chips, Axcelis faces a great opportunity to continue its incredible run of growth.

Source Fool.com