Equities analysts expect that AXT Inc (NASDAQ:AXTI) will post $0.02 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for AXT’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.03. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, April 26th.
On average, analysts expect that AXT will report full-year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.13 to $0.19. For the next year, analysts forecast that the company will report earnings of $0.29 per share, with EPS estimates ranging from $0.27 to $0.36. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for AXT.
AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Wednesday, February 22nd. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03. The firm earned $20.30 million during the quarter, compared to analyst estimates of $19.09 million. AXT had a return on equity of 1.62% and a net margin of 2.75%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period last year, the company posted ($0.04) EPS.
AXTI has been the subject of several research analyst reports. B. Riley lowered shares of AXT from a “buy” rating to a “neutral” rating and decreased their price target for the company from $8.25 to $7.00 in a report on Friday, March 17th. Zacks Investment Research lowered shares of AXT from a “buy” rating to a “hold” rating in a report on Friday, December 23rd. Needham & Company LLC reissued a “buy” rating and issued a $8.50 price target on shares of AXT in a report on Thursday, March 16th. Finally, BWS Financial initiated coverage on shares of AXT in a report on Tuesday, April 11th. They issued a “buy” rating and a $10.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.17.
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A number of institutional investors have recently made changes to their positions in the company. Friess Associates LLC bought a new position in shares of AXT during the fourth quarter worth $588,000. GSA Capital Partners LLP raised its position in shares of AXT by 189.6% in the fourth quarter. GSA Capital Partners LLP now owns 58,500 shares of the semiconductor company’s stock worth $281,000 after buying an additional 38,300 shares during the last quarter. A.R.T. Advisors LLC bought a new position in shares of AXT during the fourth quarter worth $108,000. Renaissance Technologies LLC raised its position in shares of AXT by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 918,834 shares of the semiconductor company’s stock worth $4,410,000 after buying an additional 6,738 shares during the last quarter. Finally, Allianz Asset Management AG bought a new position in shares of AXT during the fourth quarter worth $886,000. 46.97% of the stock is owned by hedge funds and other institutional investors.
Shares of AXT (NASDAQ:AXTI) remained flat at $6.40 during trading on Tuesday. 539,944 shares of the company’s stock were exchanged. AXT has a 52-week low of $2.54 and a 52-week high of $8.65. The firm’s 50 day moving average price is $6.08 and its 200-day moving average price is $5.69. The firm has a market cap of $209.32 million, a P/E ratio of 37.65 and a beta of 1.25.
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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