AXT Inc (NASDAQ:AXTI) is set to post its quarterly earnings results after the market closes on Wednesday, October 25th. Analysts expect AXT to post earnings of $0.07 per share for the quarter.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. AXT had a return on equity of 4.61% and a net margin of 8.15%. The firm had revenue of $23.56 million for the quarter, compared to analysts’ expectations of $22.55 million. During the same period last year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts expect AXT to post $0.24 EPS for the current fiscal year and $0.38 EPS for the next fiscal year.

AXT Inc (NASDAQ AXTI) opened at 9.10 on Wednesday. The company’s 50-day moving average price is $8.62 and its 200 day moving average price is $7.31. The company has a market capitalization of $349.23 million, a PE ratio of 45.50 and a beta of 1.16. AXT Inc has a 52 week low of $4.35 and a 52 week high of $9.70.

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Several brokerages recently commented on AXTI. Zacks Investment Research lowered AXT from a “buy” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of AXT in a research note on Sunday, September 17th. B. Riley reaffirmed a “neutral” rating and issued a $8.50 price target on shares of AXT in a research note on Tuesday, August 1st. BidaskClub raised AXT from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, BWS Financial boosted their price target on AXT from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $9.65.

In related news, CEO Morris S. Young sold 92,896 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.54, for a total value of $793,331.84. Following the sale, the chief executive officer now owns 1,213,200 shares of the company’s stock, valued at approximately $10,360,728. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David C. Chang sold 9,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $8.80, for a total value of $79,200.00. Following the completion of the sale, the director now directly owns 164,807 shares in the company, valued at approximately $1,450,301.60. The disclosure for this sale can be found here. 6.90% of the stock is owned by insiders.

A hedge fund recently raised its stake in AXT stock. State Street Corp lifted its position in shares of AXT Inc (NASDAQ:AXTI) by 2,392.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 461,458 shares of the semiconductor company’s stock after acquiring an additional 442,945 shares during the quarter. State Street Corp owned approximately 1.20% of AXT worth $2,931,000 at the end of the most recent reporting period. 61.87% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History for AXT (NASDAQ:AXTI)

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