AXT Inc (NASDAQ:AXTI) – Analysts at B. Riley cut their Q1 2018 earnings per share (EPS) estimates for AXT in a research note issued on Thursday. B. Riley analyst D. Kang now forecasts that the semiconductor company will earn $0.08 per share for the quarter, down from their previous forecast of $0.10. B. Riley currently has a “Neutral” rating and a $8.25 target price on the stock. B. Riley also issued estimates for AXT’s Q2 2018 earnings at $0.10 EPS and FY2018 earnings at $0.41 EPS.
AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. AXT had a return on equity of 5.92% and a net margin of 10.28%. The company had revenue of $26.33 million for the quarter, compared to analysts’ expectations of $26.72 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis.
Shares of AXT (NASDAQ AXTI) opened at $7.35 on Monday. AXT has a 52 week low of $5.10 and a 52 week high of $10.75. The firm has a market capitalization of $290.71, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 1.01 and a beta of 1.01.
Large investors have recently made changes to their positions in the business. Voya Investment Management LLC purchased a new position in shares of AXT during the second quarter valued at approximately $100,000. Capital Fund Management S.A. purchased a new position in shares of AXT during the fourth quarter valued at approximately $126,000. MetLife Investment Advisors LLC purchased a new position in shares of AXT during the fourth quarter valued at approximately $166,000. Nationwide Fund Advisors boosted its position in shares of AXT by 278.0% during the second quarter. Nationwide Fund Advisors now owns 28,407 shares of the semiconductor company’s stock valued at $180,000 after buying an additional 20,892 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of AXT by 15,013.0% during the second quarter. The Manufacturers Life Insurance Company now owns 30,226 shares of the semiconductor company’s stock valued at $192,000 after buying an additional 30,026 shares during the period. Institutional investors and hedge funds own 59.02% of the company’s stock.
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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