AXT Inc (NASDAQ:AXTI) – Analysts at Dougherty & Co issued their Q4 2017 earnings estimates for shares of AXT in a research note issued on Monday. Dougherty & Co analyst J. Maxa forecasts that the semiconductor company will post earnings per share of $0.08 for the quarter.

Several other equities research analysts have also issued reports on AXTI. B. Riley reissued a “neutral” rating and set a $8.50 price objective on shares of AXT in a research note on Tuesday, August 1st. Needham & Company LLC restated a “buy” rating and set a $11.00 price target (up previously from $10.00) on shares of AXT in a research report on Thursday, October 26th. Zacks Investment Research downgraded AXT from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, BidaskClub downgraded AXT from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. AXT has a consensus rating of “Buy” and a consensus price target of $9.95.

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AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. AXT had a return on equity of 5.84% and a net margin of 9.96%. The company had revenue of $28.17 million during the quarter, compared to analysts’ expectations of $27.05 million. During the same quarter in the previous year, the firm earned $0.07 EPS. AXT’s revenue was up 28.8% on a year-over-year basis.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in AXT by 12.1% during the first quarter. Geode Capital Management LLC now owns 215,960 shares of the semiconductor company’s stock valued at $1,252,000 after purchasing an additional 23,341 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new stake in AXT during the first quarter valued at about $173,000. Royce & Associates LP raised its position in AXT by 13.5% during the second quarter. Royce & Associates LP now owns 918,980 shares of the semiconductor company’s stock valued at $5,836,000 after purchasing an additional 109,237 shares in the last quarter. Goldman Sachs Group Inc. raised its position in AXT by 216.0% during the first quarter. Goldman Sachs Group Inc. now owns 155,687 shares of the semiconductor company’s stock valued at $903,000 after purchasing an additional 106,426 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in AXT during the second quarter valued at about $253,000. Institutional investors and hedge funds own 60.91% of the company’s stock.

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.

Earnings History and Estimates for AXT (NASDAQ:AXTI)

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