AXT (NASDAQ:AXTI) will announce its earnings results after the market closes on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
Shares of AXT (NASDAQ AXTI) opened at $8.00 on Wednesday. AXT has a 12 month low of $5.10 and a 12 month high of $10.75. The company has a market capitalization of $301.41, a PE ratio of 33.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01.
Several brokerages have recently issued reports on AXTI. Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, October 25th. BidaskClub cut AXT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $11.00 price objective (up from $10.00) on shares of AXT in a research note on Thursday, October 26th. Finally, B. Riley restated a “hold” rating and issued a $8.50 price objective on shares of AXT in a research note on Tuesday, October 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $10.38.
An institutional investor recently raised its position in AXT stock. The Manufacturers Life Insurance Company increased its stake in shares of AXT Inc (NASDAQ:AXTI) by 15,013.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,226 shares of the semiconductor company’s stock after acquiring an additional 30,026 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of AXT worth $192,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 58.93% of the company’s stock.
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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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