Analysts forecast that AXT Inc (NASDAQ:AXTI) will post $26.07 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for AXT’s earnings. The lowest sales estimate is $24.20 million and the highest is $27.02 million. AXT reported sales of $26.33 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that AXT will report full year sales of $107.22 million for the current financial year, with estimates ranging from $107.10 million to $107.37 million. For the next fiscal year, analysts forecast that the company will post sales of $119.76 million, with estimates ranging from $118.68 million to $120.50 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover AXT.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Wednesday, October 31st. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $28.63 million during the quarter, compared to analysts’ expectations of $28.14 million. AXT had a net margin of 13.00% and a return on equity of 7.34%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share.

A number of research analysts have issued reports on AXTI shares. B. Riley raised their price target on shares of AXT from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, July 20th. Zacks Investment Research raised shares of AXT from a “hold” rating to a “buy” rating and set a $9.50 price target for the company in a report on Tuesday, July 24th. ValuEngine cut shares of AXT from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th. BidaskClub cut shares of AXT from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Finally, Dougherty & Co reissued a “buy” rating on shares of AXT in a report on Wednesday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. AXT presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Several institutional investors have recently modified their holdings of AXTI. Wells Fargo & Company MN raised its holdings in shares of AXT by 9.2% during the first quarter. Wells Fargo & Company MN now owns 395,698 shares of the semiconductor company’s stock worth $2,869,000 after purchasing an additional 33,191 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AXT by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,273,255 shares of the semiconductor company’s stock worth $23,731,000 after purchasing an additional 82,133 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of AXT during the second quarter worth $112,000. FNY Investment Advisers LLC purchased a new position in shares of AXT during the second quarter worth $141,000. Finally, Foundry Partners LLC raised its holdings in shares of AXT by 31.7% during the second quarter. Foundry Partners LLC now owns 467,225 shares of the semiconductor company’s stock worth $3,294,000 after purchasing an additional 112,400 shares during the last quarter. 55.79% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ AXTI traded down $0.20 during midday trading on Friday, reaching $5.73. The company had a trading volume of 304,879 shares, compared to its average volume of 487,466. The stock has a market cap of $230.74 million, a P/E ratio of 22.04, a P/E/G ratio of 1.16 and a beta of 1.18. AXT has a 1 year low of $5.27 and a 1 year high of $10.75.

About AXT

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.

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