Brokers Set Expectations for AXT Inc’s Q1 2018 Earnings (AXTI)

AXT Inc (NASDAQ:AXTI) – Equities researchers at Craig Hallum issued their Q1 2018 EPS estimates for shares of AXT in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Craig Hallum analyst R. Shannon anticipates that the semiconductor company 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.

Other equities research analysts have also recently issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating and set a $8.50 price objective on shares of AXT in a research note on Thursday, March 16th. B. Riley reissued a “buy” rating and issued a $8.25 target price on shares of AXT in a research note on Monday, February 27th. Zacks Investment Research raised AXT from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research note on Friday, February 24th. Dougherty & Co started coverage on AXT in a research note on Monday, February 13th. They issued a “buy” rating and a $8.00 target price for the company. Finally, BWS Financial started coverage on AXT in a research note on Tuesday, April 11th. They issued a “buy” rating and a $10.00 target price for the company. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. AXT has a consensus rating of “Buy” and an average target price of $8.17.

Earnings History and Estimates for AXT (NASDAQ:AXTI)

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AXT (NASDAQ:AXTI) remained flat at $6.40 during midday trading on Thursday. 698,015 shares of the company traded hands. The firm’s 50 day moving average price is $6.08 and its 200 day moving average price is $5.69. The company has a market cap of $209.32 million, a P/E ratio of 37.65 and a beta of 1.25. AXT has a 52-week low of $2.54 and a 52-week high of $8.65.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Wednesday, February 22nd. The semiconductor company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The business had revenue of $20.30 million for 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 business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.04) EPS.

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in AXT by 13.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,251,705 shares of the semiconductor company’s stock valued at $10,808,000 after buying an additional 263,232 shares during the last quarter. Renaissance Technologies LLC raised its stake in AXT by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 918,834 shares of the semiconductor company’s stock valued at $4,410,000 after buying an additional 6,738 shares during the last quarter. Royce & Associates LP raised its stake in AXT by 63.9% in the fourth quarter. Royce & Associates LP now owns 697,857 shares of the semiconductor company’s stock valued at $3,350,000 after buying an additional 272,180 shares during the last quarter. ClariVest Asset Management LLC raised its stake in AXT by 43.4% in the third quarter. ClariVest Asset Management LLC now owns 369,640 shares of the semiconductor company’s stock valued at $1,918,000 after buying an additional 111,959 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in AXT during the fourth quarter valued at about $1,534,000. Institutional investors own 46.97% 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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