Shares of Axcelis Technologies Inc. (NASDAQ: ACLS) rose 30.9% in September, according to data from S&P Global Market Intelligence, after the semiconductor solutions specialist announced significant orders for its Purion H and Purion XE systems.
That’s not to say Axcelis stock popped all at once, as is so often the case with promising small-cap tech companies. Rather, its impressive rise last month was gradual as investors digested the news of multiple separate order wins.