Shares of AXT Inc (NASDAQ:AXTI) have earned an average rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $6.25.
Several equities analysts have issued reports on AXTI shares. Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research note on Monday, April 29th. ValuEngine lowered AXT from a “hold” rating to a “sell” rating in a research note on Thursday, May 30th.
Shares of AXT stock opened at $3.86 on Monday. The company’s fifty day moving average price is $4.44. AXT has a 12 month low of $3.55 and a 12 month high of $9.38. The stock has a market capitalization of $143.16 million, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.80 and a beta of 1.54.
AXT (NASDAQ:AXTI) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.01. AXT had a return on equity of 2.97% and a net margin of 5.78%. The company had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.69 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was down 17.2% compared to the same quarter last year. Equities analysts forecast that AXT will post 0.13 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in AXT by 3.0% in the fourth quarter. BlackRock Inc. now owns 2,746,560 shares of the semiconductor company’s stock worth $11,949,000 after acquiring an additional 79,457 shares in the last quarter. Royce & Associates LP boosted its holdings in AXT by 10.7% in the first quarter. Royce & Associates LP now owns 2,375,084 shares of the semiconductor company’s stock worth $10,569,000 after acquiring an additional 230,300 shares in the last quarter. Systematic Financial Management LP boosted its holdings in AXT by 8.3% in the first quarter. Systematic Financial Management LP now owns 1,380,505 shares of the semiconductor company’s stock worth $6,143,000 after acquiring an additional 105,778 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in AXT by 27.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,265,074 shares of the semiconductor company’s stock worth $5,630,000 after acquiring an additional 276,290 shares in the last quarter. Finally, Kennedy Capital Management Inc. boosted its holdings in AXT by 43.6% in the first quarter. Kennedy Capital Management Inc. now owns 789,272 shares of the semiconductor company’s stock worth $3,512,000 after acquiring an additional 239,715 shares in the last quarter. Institutional investors own 57.72% of the company’s stock.
AXT Company Profile
AXT, Inc researches, develops, and produces compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide (InP) for use in fiber optic lasers and detectors, passive optical networks, data center connectivity, silicon photonics, photonic integrated circuits, terrestrial solar cells, radio frequency amplifier and switching, infrared light-emitting diode (LEDs) motion control, and infrared thermal imaging.
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