AXT Inc (NASDAQ:AXTI) – Equities research analysts at BWS Financial reduced their Q3 2018 EPS estimates for shares of AXT in a research note issued to investors on Thursday, Zacks Investment Research reports. BWS Financial analyst H. Khorsand now expects that the semiconductor company will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.16. BWS Financial also issued estimates for AXT’s FY2018 earnings at $0.42 EPS.
AXTI has been the subject of several other research reports. BidaskClub lowered shares of AXT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Wednesday, December 27th. B. Riley reduced their target price on shares of AXT from $8.75 to $8.25 and set a “neutral” rating for the company in a research note on Thursday, February 22nd. Finally, Dougherty & Co reiterated a “buy” rating on shares of AXT in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $10.25.
AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.08. The business had revenue of $26.33 million during the quarter, compared to analyst estimates of $26.72 million. AXT had a net margin of 10.28% and a return on equity of 5.92%. AXT’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS.
A number of institutional investors and hedge funds have recently bought and sold shares of AXTI. Schwab Charles Investment Management Inc. bought a new position in AXT during the second quarter valued at about $429,000. Teachers Advisors LLC purchased a new stake in AXT during the second quarter valued at about $423,000. TIAA CREF Investment Management LLC purchased a new stake in AXT during the second quarter valued at about $639,000. Nationwide Fund Advisors lifted its holdings in 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 purchasing an additional 20,892 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in AXT by 403.6% during the second quarter. Northern Trust Corp now owns 402,536 shares of the semiconductor company’s stock valued at $2,556,000 after purchasing an additional 322,598 shares during the last quarter. Institutional investors own 57.84% of the company’s stock.
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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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