AXT Inc (NASDAQ:AXTI) – Investment analysts at BWS Financial increased their Q3 2017 earnings estimates for shares of AXT in a report released on Thursday. BWS Financial analyst H. Khorsand now expects that the semiconductor company will earn $0.10 per share for the quarter, up from their prior forecast of $0.08. BWS Financial has a “Buy” rating and a $12.00 price objective on the stock. BWS Financial also issued estimates for AXT’s Q4 2017 earnings at $0.10 EPS, FY2017 earnings at $0.27 EPS, Q3 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.13 EPS and FY2018 earnings at $0.42 EPS.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a research note on Friday. Dougherty & Co reiterated a “buy” rating on shares of AXT in a research note on Saturday, June 17th. Needham & Company LLC increased their price objective on shares of AXT from $8.50 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. BidaskClub upgraded shares of AXT from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, B. Riley reiterated a “neutral” rating and set a $8.50 price objective on shares of AXT in a research note on Thursday, July 27th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $9.04.
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AXT (AXTI) opened at 8.75 on Monday. The company has a market capitalization of $335.17 million, a P/E ratio of 43.75 and a beta of 1.01. AXT has a one year low of $3.62 and a one year high of $8.90. The company’s 50-day moving average is $6.96 and its 200 day moving average is $6.57.
AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. AXT had a net margin of 8.15% and a return on equity of 4.80%. The firm had revenue of $23.56 million during the quarter, compared to the consensus estimate of $22.55 million. During the same period last year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis.
Several large investors have recently bought and sold shares of the stock. BlueCrest Capital Management Ltd bought a new stake in AXT during the first quarter worth $173,000. Alambic Investment Management L.P. increased its stake in AXT by 86.9% in the first quarter. Alambic Investment Management L.P. now owns 143,811 shares of the semiconductor company’s stock worth $834,000 after buying an additional 66,879 shares during the last quarter. Royce & Associates LP increased its stake in AXT by 16.0% in the first quarter. Royce & Associates LP now owns 809,743 shares of the semiconductor company’s stock worth $4,697,000 after buying an additional 111,886 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in AXT during the first quarter worth $6,084,000. Finally, Wells Fargo & Company MN increased its stake in AXT by 34.2% in the first quarter. Wells Fargo & Company MN now owns 360,695 shares of the semiconductor company’s stock worth $2,092,000 after buying an additional 91,945 shares during the last quarter. Institutional investors own 54.84% of the company’s stock.
In other AXT news, Director Leonard J. Leblanc sold 5,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $7.27, for a total transaction of $36,350.00. Following the sale, the director now directly owns 149,134 shares in the company, valued at $1,084,204.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Robert G. Ochrym sold 7,500 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $6.93, for a total transaction of $51,975.00. Following the sale, the vice president now owns 39,000 shares in the company, valued at $270,270. The disclosure for this sale can be found here. Corporate insiders own 6.90% 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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