FY2017 EPS Estimates for AXT Inc Decreased by BWS Financial (AXTI)
AXT Inc (NASDAQ:AXTI) – Investment analysts at BWS Financial cut their FY2017 earnings per share estimates for AXT in a research note issued on Friday. BWS Financial analyst H. Khorsand now expects that the semiconductor company will earn $0.26 per share for the year, down from their prior estimate of $0.27. BWS Financial has a “Buy” rating and a $12.00 price objective on the stock. BWS Financial also issued estimates for AXT’s Q4 2017 earnings at $0.08 EPS, Q1 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.16 EPS and FY2018 earnings at $0.46 EPS.
AXT (NASDAQ:AXTI) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. AXT had a net margin of 9.96% and a return on equity of 5.84%. The firm had revenue of $28.17 million during the quarter, compared to the consensus estimate of $27.05 million. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 28.8% on a year-over-year basis.
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A number of other research analysts also recently issued reports on AXTI. B. Riley restated a “neutral” rating and issued a $8.50 price target on shares of AXT in a research report on Tuesday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $11.00 price target (up previously from $10.00) on shares of AXT in a research report on Thursday. Zacks Investment Research downgraded shares of AXT from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, BidaskClub downgraded shares of AXT from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. AXT has a consensus rating of “Buy” and an average target price of $9.95.
Shares of AXT (AXTI) opened at 9.50 on Monday. The company has a market cap of $364.58 million, a P/E ratio of 47.50 and a beta of 1.16. The firm has a 50-day moving average of $8.94 and a 200 day moving average of $7.53. AXT has a 52 week low of $4.35 and a 52 week high of $9.70.
Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of AXT by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,877,282 shares of the semiconductor company’s stock valued at $18,271,000 after acquiring an additional 284,259 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of AXT by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,629,223 shares of the semiconductor company’s stock valued at $10,346,000 after acquiring an additional 172,194 shares in the last quarter. Northpointe Capital LLC increased its stake in shares of AXT by 44.1% in the 2nd quarter. Northpointe Capital LLC now owns 1,123,791 shares of the semiconductor company’s stock valued at $7,136,000 after acquiring an additional 343,758 shares in the last quarter. Hood River Capital Management LLC increased its stake in shares of AXT by 2.7% in the 2nd quarter. Hood River Capital Management LLC now owns 1,009,019 shares of the semiconductor company’s stock valued at $6,407,000 after acquiring an additional 26,398 shares in the last quarter. Finally, Royce & Associates LP increased its stake in shares of AXT by 13.5% in the 2nd quarter. Royce & Associates LP now owns 918,980 shares of the semiconductor company’s stock valued at $5,836,000 after acquiring an additional 109,237 shares in the last quarter. Institutional investors own 60.91% of the company’s stock.
In other news, Director David C. Chang sold 9,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 164,807 shares in the company, valued at approximately $1,450,301.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.90% of the stock is currently owned by insiders.
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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