Analysts expect AXT Inc (NASDAQ:AXTI) to report $26.88 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for AXT’s earnings. The lowest sales estimate is $26.70 million and the highest is $27.00 million. AXT posted sales of $20.27 million during the same quarter last year, which would suggest a positive year over year growth rate of 32.6%. The business is expected to report its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that AXT will report full year sales of $26.88 million for the current year, with estimates ranging from $98.00 million to $99.24 million. For the next financial year, analysts anticipate that the firm will report sales of $117.32 million per share, with estimates ranging from $112.90 million to $120.40 million. Zacks’ sales calculations are an average based on a survey of research firms that cover AXT.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $28.17 million for the quarter, compared to analysts’ expectations of $27.05 million. During the same period in the prior year, the company posted $0.07 EPS. The business’s revenue for the quarter was up 28.8% on a year-over-year basis.

AXTI has been the topic of a number of analyst reports. BidaskClub raised AXT from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. BWS Financial lifted their price target on AXT from $10.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Friday, July 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of AXT in a report on Sunday, September 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.95.

Institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC acquired a new position in AXT in the second quarter worth $100,000. Gotham Asset Management LLC acquired a new position in shares of AXT during the first quarter valued at $101,000. SG Americas Securities LLC acquired a new position in shares of AXT during the first quarter valued at $105,000. Nationwide Fund Advisors lifted its stake in shares of AXT by 278.0% during the second quarter. Nationwide Fund Advisors now owns 28,407 shares of the semiconductor company’s stock valued at $180,000 after acquiring an additional 20,892 shares during the period. Finally, BlueCrest Capital Management Ltd acquired a new position in shares of AXT during the first quarter valued at $173,000. 60.91% of the stock is currently owned by institutional investors.

AXT (NASDAQ:AXTI) traded up 1.92% during midday trading on Friday, hitting $9.30. 303,957 shares of the company traded hands. The stock has a market cap of $356.91 million, a P/E ratio of 46.50 and a beta of 1.16. The stock has a 50 day moving average of $9.01 and a 200 day moving average of $7.59. AXT has a 12-month low of $4.35 and a 12-month high of $9.70.

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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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Earnings History and Estimates for AXT (NASDAQ:AXTI)

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