Research Analysts’ Recent Ratings Changes for AXT (AXTI)

A number of research firms have changed their ratings and price targets for AXT (NASDAQ: AXTI):

  • 11/8/2017 – AXT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers. “
  • 10/26/2017 – AXT had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $11.00 price target on the stock, up previously from $10.00.
  • 10/26/2017 – AXT had its price target raised by analysts at B. Riley from $8.50 to $8.75. They now have a “neutral” rating on the stock.
  • 10/25/2017 – AXT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers. “
  • 10/24/2017 – AXT had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $8.50 price target on the stock. They wrote, “We expect 3Q results to be in line with RILY/consensus and for the 4Q outlook to bracket our and consensus estimates. Although the company’s InP (Indium Phosphide) business was enjoying a tailwind entering 3Q, our checks continue to indicate that overall optical demand remains sluggish. Meanwhile, checks with management in September indicated that the company has yet to receive 3D Sensing (3DS) orders. Nevertheless, the company provided 3Q revenue outlook of +14% Q/Q based on orders for various applications, including automotive – it remains to be seen how sustainable these programs will be.””
  • 10/17/2017 – AXT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers. “
  • 9/17/2017 – AXT had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $10.00 price target on the stock.
  • 9/15/2017 – AXT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the stock. According to Zacks, “AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers. “
  • 9/14/2017 – AXT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers. “

AXT Inc (NASDAQ:AXTI) traded up $0.05 during trading on Monday, hitting $8.75. The company had a trading volume of 269,800 shares, compared to its average volume of 601,683. AXT Inc has a 12-month low of $4.35 and a 12-month high of $9.70. The firm has a market capitalization of $338.23, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13.

AXT (NASDAQ:AXTI) last released its earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.02. AXT had a return on equity of 5.67% and a net margin of 9.96%. The firm had revenue of $28.17 million during the quarter, compared to the consensus estimate of $27.05 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue was up 28.8% compared to the same quarter last year. equities analysts expect that AXT Inc will post 0.26 earnings per share for the current fiscal year.

In other AXT news, CEO Morris S. Young sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $8.86, for a total value of $443,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert G. Ochrym sold 8,125 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $8.80, for a total value of $71,500.00. Following the completion of the transaction, the vice president now directly owns 44,125 shares of the company’s stock, valued at $388,300. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.

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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