AXT Inc (NASDAQ:AXTI) – Equities researchers at BWS Financial decreased their FY2017 earnings per share (EPS) estimates for shares of AXT in a report released on Friday. BWS Financial analyst H. Khorsand now expects that the semiconductor company will earn $0.26 per share for the year, down from their prior estimate of $0.27. BWS Financial has a “Buy” rating and a $12.00 price target on the stock. BWS Financial also issued estimates for AXT’s Q4 2017 earnings at $0.08 EPS, Q1 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.16 EPS and FY2018 earnings at $0.46 EPS.
AXTI has been the topic of a number of other research reports. BidaskClub lowered AXT from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. B. Riley reaffirmed a “neutral” rating and set a $8.50 price objective on shares of AXT in a research report on Thursday, July 27th. Zacks Investment Research raised AXT from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Friday, August 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of AXT in a research report on Sunday, September 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $9.95.
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AXT (NASDAQ:AXTI) traded down 3.23% during trading on Monday, reaching $9.00. The company had a trading volume of 95,291 shares. The firm has a market capitalization of $345.39 million, a P/E ratio of 45.00 and a beta of 1.16. The stock has a 50 day moving average price of $9.01 and a 200 day moving average price of $7.59. AXT has a 52 week low of $4.35 and a 52 week high of $9.70.
AXT (NASDAQ:AXTI) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The company had revenue of $28.17 million for the quarter, compared to the consensus estimate of $27.05 million. AXT had a return on equity of 5.84% and a net margin of 9.96%. AXT’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 earnings per share.
Hedge funds have recently modified their holdings of the stock. Voya Investment Management LLC acquired a new position in shares of AXT during the second quarter worth $100,000. Gotham Asset Management LLC acquired a new position in shares of AXT during the first quarter worth $101,000. SG Americas Securities LLC acquired a new position in shares of AXT during the first quarter worth $105,000. BlueCrest Capital Management Ltd acquired a new position in shares of AXT during the first quarter worth $173,000. Finally, Nationwide Fund Advisors grew its stake 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 worth $180,000 after purchasing an additional 20,892 shares in the last quarter. Hedge funds and other institutional investors own 60.91% 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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