AXT Inc (NASDAQ:AXTI) – Equities researchers at Dougherty & Co lowered their FY2018 earnings estimates for shares of AXT in a research note issued on Thursday, April 26th. Dougherty & Co analyst J. Fisher now anticipates that the semiconductor company will earn $0.37 per share for the year, down from their prior forecast of $0.41. Dougherty & Co has a “Buy” rating on the stock.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Wednesday, April 25th. The semiconductor company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. AXT had a return on equity of 6.97% and a net margin of 12.06%. The business had revenue of $24.40 million for the quarter, compared to the consensus estimate of $24.24 million. During the same period in the prior year, the business earned $0.02 EPS. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis.

A number of other research analysts also recently weighed in on the company. ValuEngine downgraded AXT from a “hold” rating to a “sell” rating in a research note on Friday. TheStreet downgraded AXT from a “b” rating to a “c+” rating in a research note on Wednesday, April 18th. Zacks Investment Research downgraded AXT from a “hold” rating to a “sell” rating in a research note on Wednesday, April 18th. BWS Financial reissued a “buy” rating on shares of AXT in a research note on Tuesday, April 17th. Finally, B. Riley raised AXT from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $8.25 to $9.00 in a research note on Tuesday, April 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. AXT currently has an average rating of “Hold” and a consensus target price of $10.44.

AXTI stock opened at $5.80 on Friday. AXT has a fifty-two week low of $5.80 and a fifty-two week high of $10.75. The company has a market cap of $250.43, a P/E ratio of 22.31, a PEG ratio of 1.13 and a beta of 1.06.

Several institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new stake in shares of AXT in the fourth quarter worth approximately $166,000. Two Sigma Investments LP raised its stake in shares of AXT by 31.9% in the fourth quarter. Two Sigma Investments LP now owns 205,370 shares of the semiconductor company’s stock worth $1,787,000 after purchasing an additional 49,611 shares during the last quarter. Two Sigma Advisers LP raised its stake in shares of AXT by 169.3% in the fourth quarter. Two Sigma Advisers LP now owns 79,700 shares of the semiconductor company’s stock worth $693,000 after purchasing an additional 50,100 shares during the last quarter. Deutsche Bank AG raised its stake in shares of AXT by 124.5% in the fourth quarter. Deutsche Bank AG now owns 84,280 shares of the semiconductor company’s stock worth $732,000 after purchasing an additional 46,747 shares during the last quarter. Finally, Princeton Capital Management LLC purchased a new stake in shares of AXT in the fourth quarter worth approximately $2,223,000. 55.89% of the stock is owned by hedge funds and other institutional investors.

AXT Company Profile

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It manufactures semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide (InP) for use in fiber optic lasers and detectors, passive optical networks, data center connectivity, silicon photonics, photonic integrated circuits, terrestrial solar cells, lasers, military wireless RF amplifiers, infrared motion control, and infrared thermal imaging products.

Earnings History and Estimates for AXT (NASDAQ:AXTI)

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