AXT Inc (NASDAQ:AXTI) Set to Announce Quarterly Earnings on Wednesday
AXT Inc (NASDAQ:AXTI) is scheduled to release its earnings data after the market closes on Wednesday, July 26th. Analysts expect AXT to post earnings of $0.05 per share for the quarter.
AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Wednesday, April 26th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. AXT had a return on equity of 4.37% and a net margin of 7.52%. The business had revenue of $20.60 million during the quarter, compared to the consensus estimate of $18.45 million. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts expect AXT to post $0.19 EPS for the current fiscal year and $0.31 EPS for the next fiscal year.
Shares of AXT Inc (NASDAQ AXTI) opened at 7.10 on Wednesday. AXT Inc has a one year low of $3.33 and a one year high of $8.65. The company has a market cap of $271.62 million, a P/E ratio of 38.17 and a beta of 1.01. The company’s 50-day moving average price is $6.64 and its 200 day moving average price is $6.41.
A number of brokerages have issued reports on AXTI. BidaskClub upgraded AXT from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research cut AXT from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Dougherty & Co reiterated a “buy” rating on shares of AXT in a research note on Saturday, June 17th. B. Riley reiterated a “neutral” rating and set a $7.00 price objective on shares of AXT in a research note on Monday, May 1st. Finally, Needham & Company LLC lifted their price objective on AXT from $8.50 to $9.00 and gave the company a “buy” rating in a research note on Thursday, April 27th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $8.13.
In other news, Director Leonard J. Leblanc sold 5,000 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $7.27, for a total value of $36,350.00. Following the completion of the transaction, the director now owns 149,134 shares in the company, valued at $1,084,204.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Robert G. Ochrym sold 7,500 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $6.93, for a total value of $51,975.00. Following the completion of the transaction, the vice president now owns 39,000 shares of the company’s stock, valued at approximately $270,270. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.
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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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