AXT Inc (NASDAQ:AXTI) is set to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect AXT to post earnings of $0.07 per share for the quarter.
AXT (NASDAQ:AXTI) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. AXT had a net margin of 8.15% and a return on equity of 4.61%. The business had revenue of $23.56 million during the quarter, compared to the consensus estimate of $22.55 million. During the same quarter last year, the company earned $0.03 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts expect AXT to post $0.24 EPS for the current fiscal year and $0.38 EPS for the next fiscal year.
Shares of AXT Inc (AXTI) opened at 8.95 on Monday. The firm has a market cap of $343.47 million, a P/E ratio of 44.75 and a beta of 1.16. The stock’s 50 day moving average is $8.79 and its 200-day moving average is $7.41. AXT Inc has a 52-week low of $4.35 and a 52-week high of $9.70.
In related news, Director David C. Chang sold 9,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $8.80, for a total value of $79,200.00. Following the completion of the transaction, the director now directly owns 164,807 shares in the company, valued at $1,450,301.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Morris S. Young sold 92,896 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.54, for a total value of $793,331.84. Following the completion of the transaction, the chief executive officer now owns 1,213,200 shares of the company’s stock, valued at $10,360,728. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.
An institutional investor recently raised its position in AXT stock. State Street Corp lifted its position in AXT Inc (NASDAQ:AXTI) by 2,392.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 461,458 shares of the semiconductor company’s stock after purchasing an additional 442,945 shares during the quarter. State Street Corp owned 1.20% of AXT worth $2,931,000 at the end of the most recent reporting period. Institutional investors own 61.87% of the company’s stock.
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A number of research analysts have recently commented on the company. Zacks Investment Research lowered AXT from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of AXT in a report on Sunday, September 17th. BidaskClub lowered AXT from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. B. Riley reiterated a “neutral” rating and set a $8.50 price target on shares of AXT in a report on Tuesday, August 1st. Finally, BWS Financial upped their price target on AXT from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. AXT currently has an average rating of “Buy” and a consensus target price of $9.65.
AXT Company Profile
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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