AXT Inc to Post FY2018 Earnings of $0.39 Per Share, BWS Financial Forecasts (AXTI)

AXT Inc (NASDAQ:AXTI) – Research analysts at BWS Financial dropped their FY2018 earnings per share (EPS) estimates for AXT in a report issued on Thursday, April 12th. BWS Financial analyst H. Khorsand now anticipates that the semiconductor company will post earnings per share of $0.39 for the year, down from their previous forecast of $0.42.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. AXT had a net margin of 10.28% and a return on equity of 5.81%. The business had revenue of $26.33 million during the quarter, compared to the consensus estimate of $26.72 million. During the same quarter last year, the firm posted $0.06 EPS. AXT’s revenue was up 29.9% compared to the same quarter last year.



A number of other equities analysts also recently issued reports on AXTI. BidaskClub downgraded shares of AXT from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised shares of AXT from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Wednesday, December 27th. B. Riley lowered their target price on AXT from $8.75 to $8.25 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Finally, Dougherty & Co reiterated a “buy” rating on shares of AXT in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $10.25.

NASDAQ AXTI opened at $7.10 on Friday. The firm has a market capitalization of $287.71, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06. AXT has a 12-month low of $5.60 and a 12-month high of $10.75.

A number of institutional investors have recently made changes to their positions in AXTI. State Street Corp raised its stake in AXT by 2,392.6% in the 2nd quarter. State Street Corp now owns 461,458 shares of the semiconductor company’s stock valued at $2,931,000 after acquiring an additional 442,945 shares during the period. The Manufacturers Life Insurance Company raised its stake in AXT by 15,013.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,226 shares of the semiconductor company’s stock valued at $192,000 after acquiring an additional 30,026 shares during the period. Bank of New York Mellon Corp raised its stake in AXT by 8.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 294,400 shares of the semiconductor company’s stock valued at $2,693,000 after acquiring an additional 23,567 shares during the period. Ameriprise Financial Inc. raised its stake in AXT by 52.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 276,758 shares of the semiconductor company’s stock valued at $2,533,000 after acquiring an additional 95,622 shares during the period. Finally, JPMorgan Chase & Co. bought a new stake in AXT in the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 56.12% of the company’s stock.

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About AXT

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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