Equities research analysts forecast that AXT, Inc. (NASDAQ:AXTI) will announce earnings per share of $0.06 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for AXT’s earnings. AXT posted earnings of ($0.01) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 700%. The business is scheduled to announce its next earnings report on Wednesday, April 28th.
On average, analysts expect that AXT will report full year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.29. For the next year, analysts expect that the business will post earnings of $0.31 per share, with EPS estimates ranging from $0.30 to $0.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow AXT.
AXT (NASDAQ:AXTI) last announced its earnings results on Wednesday, February 17th. The semiconductor company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. AXT had a negative return on equity of 0.46% and a negative net margin of 1.01%.
Several equities analysts have issued reports on AXTI shares. Craig Hallum reaffirmed a “buy” rating and issued a $17.00 price target on shares of AXT in a report on Friday, February 19th. Northland Securities upped their target price on AXT from $10.00 to $15.00 and gave the stock an “outperform” rating in a research note on Friday, February 19th. BWS Financial lifted their price objective on shares of AXT from $14.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, February 25th. B. Riley increased their target price on AXT from $10.50 to $12.00 and gave the company a “neutral” rating in a research report on Friday, February 19th. Finally, Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, February 22nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $16.20.
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NASDAQ AXTI opened at $13.87 on Friday. The company’s 50-day simple moving average is $12.15 and its two-hundred day simple moving average is $8.86. The company has a market capitalization of $572.83 million, a price-to-earnings ratio of -462.18 and a beta of 2.29. AXT has a one year low of $1.85 and a one year high of $15.84.
In related news, Director Jesse Chen sold 10,000 shares of the business’s stock in a transaction dated Friday, February 26th. The shares were sold at an average price of $13.09, for a total value of $130,900.00. Following the sale, the director now directly owns 93,056 shares in the company, valued at approximately $1,218,103.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Morris S. Young sold 37,000 shares of the stock in a transaction that occurred on Tuesday, January 5th. The shares were sold at an average price of $10.01, for a total transaction of $370,370.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 97,000 shares of company stock valued at $1,076,970. 8.10% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in shares of AXT by 167.9% in the 4th quarter. JPMorgan Chase & Co. now owns 38,999 shares of the semiconductor company’s stock worth $373,000 after purchasing an additional 24,441 shares during the period. Credit Suisse AG acquired a new position in shares of AXT in the fourth quarter worth about $119,000. Citigroup Inc. boosted its stake in shares of AXT by 306.7% during the 4th quarter. Citigroup Inc. now owns 7,630 shares of the semiconductor company’s stock valued at $73,000 after buying an additional 5,754 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in AXT during the 4th quarter valued at $131,000. Finally, Rhumbline Advisers grew its stake in AXT by 13.6% in the fourth quarter. Rhumbline Advisers now owns 66,082 shares of the semiconductor company’s stock worth $632,000 after purchasing an additional 7,927 shares in the last quarter. Hedge funds and other institutional investors own 61.83% of the company’s stock.
About AXT
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, as well as for 5G.
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