AXT Inc (NASDAQ:AXTI) – Investment analysts at Craig Hallum issued their Q1 2018 earnings estimates for shares of AXT in a research report issued to clients and investors on Tuesday. Craig Hallum analyst R. Shannon expects that the firm will post earnings of $0.05 per share for the quarter. Craig Hallum also issued estimates for AXT’s Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.06 EPS and FY2018 earnings at $0.27 EPS.
A number of other equities research analysts have also recently issued reports on AXTI. Zacks Investment Research cut AXT from a “buy” rating to a “hold” rating in a report on Friday, December 23rd. Dougherty & Co started coverage on AXT in a report on Monday, February 13th. They set a “buy” rating and a $8.00 price objective for the company. B. Riley restated a “buy” rating and set a $8.00 price objective on shares of AXT in a report on Friday, February 17th. Finally, Needham & Company LLC boosted their price objective on AXT from $6.50 to $8.50 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $7.80.
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Shares of AXT (NASDAQ:AXTI) opened at 5.65 on Thursday. The company’s 50-day moving average price is $6.60 and its 200-day moving average price is $5.54. AXT has a 12-month low of $2.43 and a 12-month high of $8.65. The firm has a market capitalization of $184.79 million, a PE ratio of 33.24 and a beta of 1.25.
AXT (NASDAQ:AXTI) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03. AXT had a return on equity of 1.62% and a net margin of 2.75%. The firm earned $20.30 million during the quarter, compared to analysts’ expectations of $19.09 million. During the same period last year, the firm posted ($0.04) EPS. The business’s revenue was up 12.2% on a year-over-year basis.
Several large investors have recently modified their holdings of the company. Algert Global LLC purchased a new stake in shares of AXT during the third quarter worth about $430,000. Acadian Asset Management LLC boosted its stake in shares of AXT by 18.5% in the third quarter. Acadian Asset Management LLC now owns 58,808 shares of the company’s stock worth $306,000 after buying an additional 9,193 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in shares of AXT by 63.0% in the third quarter. Alambic Investment Management L.P. now owns 20,700 shares of the company’s stock worth $107,000 after buying an additional 8,000 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of AXT by 720.3% in the third quarter. Wells Fargo & Company MN now owns 195,225 shares of the company’s stock worth $1,013,000 after buying an additional 171,425 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of AXT during the third quarter worth about $983,000. Institutional investors own 46.97% of the company’s stock.
AXT, Inc (AXT) is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
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