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. The Company provides alternative or specialty materials in the form of substrates or wafers, including compound and single element substrates. Its compound substrates combine indium with phosphorous (InP) or gallium with arsenic (GaAs). Its single element substrates are made from germanium (Ge). The Company uses its Vertical Gradient Freeze (VGF) technique for growing single crystal Indium Phosphide (InP), Gallium Arsenide (GaAs) and Germanium (Ge) ingots used to produce wafers for diverse electronic and optoelectronic device and circuit applications.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Semiconductors - NEC
- Sub-Industry: Semiconductor Equipment
- Symbol: NASDAQ:AXTI
- CUSIP: 00246W10
- Web: www.axt.com
- Market Cap: $244.99 million
- Outstanding Shares: 38,256,000
- 50 Day Moving Avg: $6.80
- 200 Day Moving Avg: $6.16
- 52 Week Range: $2.95 - $8.65
Sales & Book Value:
- Trailing P/E Ratio: 35.48
- Foreward P/E Ratio: 20.63
- P/E Growth: 3.47
- Annual Revenue: $83.25 million
- Price / Sales: 3.03
- Book Value: $4.27 per share
- Price / Book: 1.55
- EBIDTA: $12.35 million
- Net Margins: 7.52%
- Return on Equity: 4.37%
- Return on Assets: 3.88%
- Current Ratio: 8.63%
- Quick Ratio: 6.19%
- Average Volume: 557,908 shs.
- Beta: 0.99
- Short Ratio: 1.43
Frequently Asked Questions for AXT (NASDAQ:AXTI)
What is AXT's stock symbol?
AXT trades on the NASDAQ under the ticker symbol "AXTI."
How were AXT's earnings last quarter?
AXT Inc (NASDAQ:AXTI) issued its earnings results on Wednesday, April, 26th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $20.60 million for the quarter, compared to analyst estimates of $18.45 million. AXT had a return on equity of 4.37% and a net margin of 7.52%. The firm's revenue for the quarter was up 10.2% compared to the same quarter last year. View AXT's Earnings History.
When will AXT make its next earnings announcement?
Where is AXT's stock going? Where will AXT's stock price be in 2017?
5 brokerages have issued 12 month price objectives for AXT's stock. Their forecasts range from $7.00 to $10.00. On average, they expect AXT's stock price to reach $8.20 in the next twelve months. View Analyst Ratings for AXT.
What are analysts saying about AXT stock?
Here are some recent quotes from research analysts about AXT stock:
- 1. According to Zacks Investment Research, "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. " (6/27/2017)
- 2. Needham & Company LLC analysts commented, "Before market open, AXTI announced that a fire at its Beijing manufacturing facility on the evening of March 15 has halted wafer production, impacting revenue for the current quarter. Luckily no one was injured but AXTI reduced 1Q17 revenue guidance by $1.5-2.0 million as a result. Clearly, this operational issue has no long-term impact on AXTI, and we continue to believe AXTI is well positioned to leverage growth in the optical space driven by demand for InP and the potential opportunity around 3D sensing. With meaningful top and bottom-line growth ahead, we would be a buyer on any weakness related to this news." (3/16/2017)
Are investors shorting AXT?
AXT saw a decrease in short interest during the month of May. As of May 31st, there was short interest totalling 575,037 shares, a decrease of 23.6% from the May 15th total of 752,410 shares. Based on an average daily volume of 378,995 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.6% of the shares of the stock are sold short.
Who are some of AXT's key competitors?
Some companies that are related to AXT include MagnaChip Semiconductor Corporation (MX), Kopin Corporation (KOPN), Sequans Communications S.A. (SQNS), Sparton Corporation (SPA), Pixelworks (PXLW), QuickLogic Corporation (QUIK), Pangaea Logistics Solutions (PANL), eMagin (EMAN), Nanoco Group PLC (NANO), Resonant (RESN), Netlist (NLST), Intermolecular (IMI), ParkerVision (PRKR), Rubicon Technology (RBCN), MoSys (MOSY), Alent PLC (ALNT), Alliance Fiber Optic Products (AFOP) and Altera (ALTR).
Who are AXT's key executives?
AXT's management team includes the folowing people:
- Jesse Chen, Independent Chairman of the Board, Lead Independent Director
- Morris S. Young Ph.D., Chief Executive Officer, Director
- Gary L. Fischer, Chief Financial Officer, Vice President, Corporate Secretary
- Robert G. Ochrym, Vice President - Business Development, Strategic Sales and Marketing
- David C. Chang Ph.D., Independent Director
- Leonard J. LeBlanc, Independent Director
- Nai-Yu Pai CPA, Independent Director
Who owns AXT stock?
AXT's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (0.00%), Vanguard Group Inc. (0.00%), Kennedy Capital Management Inc. (0.00%), Hood River Capital Management LLC (0.00%), Renaissance Technologies LLC (0.00%) and Ariel Investments LLC (0.00%). Company insiders that own AXT stock include Davis Zhang, Jesse Chen, Leonard J Leblanc, Morris S Young and Robert G Ochrym. View Institutional Ownership Trends for AXT.
Who sold AXT stock? Who is selling AXT stock?
AXT's stock was sold by a variety of institutional investors in the last quarter, including Ariel Investments LLC, Russell Investments Group Ltd., ClariVest Asset Management LLC, Princeton Capital Management Inc., Renaissance Technologies LLC, Algert Global LLC, Oxford Asset Management and KCG Holdings Inc.. Company insiders that have sold AXT stock in the last year include Jesse Chen, Leonard J Leblanc, Morris S Young and Robert G Ochrym. View Insider Buying and Selling for AXT.
Who bought AXT stock? Who is buying AXT stock?
AXT's stock was acquired by a variety of institutional investors in the last quarter, including Kennedy Capital Management Inc., Hood River Capital Management LLC, Driehaus Capital Management LLC, Northpointe Capital LLC, Dimensional Fund Advisors LP, Mckinley Capital Management LLC Delaware, Bogle Investment Management L P DE and Pacific Ridge Capital Partners LLC. View Insider Buying and Selling for AXT.
How do I buy AXT stock?
Shares of AXT can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is AXT's stock price today?
MarketBeat Community Rating for AXT (NASDAQ AXTI)MarketBeat's community ratings are surveys of what our community members think about AXT and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of AXT stock can currently be purchased for approximately $6.60.
Consensus Ratings for AXT (NASDAQ:AXTI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$8.20 (24.24% upside)|
Analysts' Ratings History for AXT (NASDAQ:AXTI)
(Data available from 6/29/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|6/17/2017||Dougherty & Co||Reiterated Rating||Buy||High|
|5/1/2017||B. Riley||Reiterated Rating||Neutral||$7.00||Low|
|4/27/2017||Needham & Company LLC||Boost Price Target||Buy -> Buy||$8.50 -> $9.00||High|
|4/11/2017||BWS Financial||Initiated Coverage||Buy||$10.00||Medium|
|9/29/2016||Northland Securities||Boost Price Target||Outperform||$4.50 -> $7.00||N/A|
|5/3/2016||Craig Hallum||Upgrade||Hold -> Buy||N/A|
Earnings History for AXT (NASDAQ:AXTI)Earnings History by Quarter for AXT (NASDAQ AXTI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017|| || || || || || || || |
|4/26/2017||Q1 2017||$0.01||$0.02||$18.45 million||$20.60 million||View||N/A|
|2/22/2017||Q4 2016||$0.03||$0.06||$19.09 million||$20.30 million||View||Listen|
|10/26/2016||Q3||$0.04||$0.07||$12.52 billion||$21.90 million||View||Listen|
|7/27/2016||Q216||$0.01||$0.03||$19.97 million||$20.50 million||View||Listen|
|2/24/2016||Q415||($0.02)||($0.04)||$17.52 million||$18.10 million||View||Listen|
|4/30/2015||Q115||($0.03)||($0.03)||$19.94 million||$20.10 million||View||Listen|
|2/23/2015||Q4||($0.02)||($0.01)||$19.50 million||$19.60 million||View||Listen|
|10/30/2014||Q314||$0.01||$0.02||$21.80 million||$23.10 million||View||N/A|
|7/31/2014||Q214||($0.05)||$0.01||$18.90 million||$21.40 million||View||Listen|
|4/30/2014||Q114||($0.09)||($0.06)||$17.20 million||$19.30 million||View||Listen|
|2/25/2014||Q413||($0.07)||($0.04)||$20.95 million||$21.00 million||View||Listen|
|10/30/2013||Q313||($0.08)||($0.07)||$21.20 million||$20.50 million||View||Listen|
|7/31/2013||Q2 2013||($0.05)||($0.06)||$23.13 million||$23.80 million||View||Listen|
|5/1/2013||Q1 2013||($0.07)||($0.08)||$20.26 million||$22.40 million||View||Listen|
|2/25/2013||Q4 2012||($0.02)||($0.02)||$17.38 million||$18.93 million||View||Listen|
|11/1/2012||Q312||$0.03||$0.03||$22.06 million||$20.80 million||View||N/A|
Earnings Estimates for AXT (NASDAQ:AXTI)
2017 EPS Consensus Estimate: $0.15
2018 EPS Consensus Estimate: $0.30
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for AXT (NASDAQ:AXTI)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for AXT (NASDAQ:AXTI)
Insider Ownership Percentage: 6.90%Insider Trades by Quarter for AXT (NASDAQ:AXTI)
Institutional Ownership Percentage: 54.33%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/23/2017||Robert G Ochrym||VP||Sell||7,500||$6.93||$51,975.00|| |
|5/16/2017||Leonard J Leblanc||Director||Sell||5,000||$7.27||$36,350.00|| |
|11/30/2016||Morris S Young||CEO||Sell||11,410||$5.05||$57,620.50|| |
|11/30/2016||Robert G Ochrym||VP||Sell||17,937||$4.97||$89,146.89|| |
|11/28/2016||Morris S Young||CEO||Sell||45,068||$5.12||$230,748.16|| |
|11/22/2016||Jesse Chen||Director||Sell||16,388||$5.30||$86,856.40|| |
|11/22/2016||Morris S. Young||CEO||Sell||3,522||$5.20||$18,314.40|| |
|11/21/2016||Jesse Chen||Director||Sell||39,593||$5.30||$209,842.90|| |
|11/16/2016||Jesse Chen||Director||Sell||26,000||$5.15||$133,900.00|| |
|11/8/2016||Leonard J Leblanc||Director||Sell||5,000||$5.21||$26,050.00|| |
|11/8/2016||Robert G Ochrym||VP||Sell||81,861||$5.07||$415,035.27|| |
|8/29/2016||Robert G Ochrym||VP||Sell||26,577||$4.39||$116,673.03|| |
|8/31/2015||Davis Zhang||insider||Sell||20,635||$2.21||$45,603.35|| |
|8/21/2015||Davis Zhang||insider||Sell||7,000||$2.16||$15,120.00|| |
|8/20/2015||Davis Zhang||insider||Sell||22,350||$2.19||$48,946.50|| |
|11/21/2014||Robert G Ochrym||VP||Sell||15,000||$2.57||$38,550.00|| |
Headline Trends for AXT (NASDAQ:AXTI)
Latest Headlines for AXT (NASDAQ:AXTI)
|AXT Inc (AXTI) Downgraded to Hold at Zacks Investment Research|
www.americanbankingnews.com - June 27 at 4:44 PM
|AXT Inc (AXTI) Given Consensus Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - June 27 at 11:28 AM
|AXT's (AXTI) Buy Rating Reaffirmed at Dougherty & Co|
www.americanbankingnews.com - June 19 at 12:38 AM
|Finisar Surges 9%: Street Cheers Implication Apple's Given Them 3-D Sensing Orders|
finance.yahoo.com - June 16 at 4:28 PM
|Short Interest in AXT Inc (AXTI) Drops By 23.6%|
www.americanbankingnews.com - June 14 at 7:08 AM
|Zacks: Brokerages Expect AXT Inc (AXTI) Will Announce Quarterly Sales of $22.50 Million|
www.americanbankingnews.com - June 7 at 11:50 AM
|ETFs with exposure to AXT, Inc. : June 5, 2017|
finance.yahoo.com - June 5 at 3:15 PM
|AXT Inc (AXTI) Expected to Post Earnings of $0.05 Per Share|
www.americanbankingnews.com - June 5 at 8:28 AM
|AXT Inc (AXTI) Given Average Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - May 31 at 10:44 AM
|Why AXT (AXTI) Isn't Done Growing Earnings Yet - Nasdaq|
www.nasdaq.com - May 26 at 4:05 PM
|Why AXT (AXTI) Isn't Done Growing Earnings Yet|
finance.yahoo.com - May 26 at 4:05 PM
|ETFs with exposure to AXT, Inc. : May 26, 2017|
finance.yahoo.com - May 26 at 4:05 PM
|Insider Selling: AXT Inc (AXTI) VP Sells 7,500 Shares of Stock|
www.americanbankingnews.com - May 25 at 4:44 PM
|AXT, Inc. :AXTI-US: Earnings Analysis: Q1, 2017 By the Numbers : May 25, 2017|
finance.yahoo.com - May 25 at 4:38 PM
|AXT Inc (AXTI) Upgraded to "Buy" at Zacks Investment Research|
www.americanbankingnews.com - May 23 at 4:24 PM
|AXT Inc (AXTI) Forecasted to Earn Q3 2018 Earnings of $0.09 Per Share|
www.americanbankingnews.com - May 22 at 7:56 AM
|AXT Inc (AXTI) Director Sells $36,350.00 in Stock|
www.americanbankingnews.com - May 18 at 1:33 PM
|AXT Inc (AXTI) Sees Large Increase in Short Interest|
www.americanbankingnews.com - May 13 at 7:02 AM
|AXT Inc (AXTI) Expected to Post Quarterly Sales of $22.5 Million|
www.americanbankingnews.com - May 11 at 10:16 AM
| Brokerages Expect AXT Inc (AXTI) to Post $0.05 EPS|
www.americanbankingnews.com - May 9 at 8:30 PM
|AXT Inc (AXTI) Given Consensus Recommendation of "Buy" by Analysts|
www.americanbankingnews.com - May 5 at 7:00 PM
|AXT (AXTI) Receiving Favorable Press Coverage, Study Finds|
www.americanbankingnews.com - May 2 at 11:18 PM
|AXT Inc (AXTI) Earns "Neutral" Rating from B. Riley|
www.americanbankingnews.com - May 1 at 8:42 PM
|Q2 2017 Earnings Forecast for AXT Inc (AXTI) Issued By Dougherty & Co|
www.americanbankingnews.com - May 1 at 8:35 AM
|B. Riley Equities Analysts Lift Earnings Estimates for AXT Inc (AXTI)|
www.americanbankingnews.com - May 1 at 8:35 AM
|AXT's (AXTI) Neutral Rating Reiterated at B. Riley|
www.americanbankingnews.com - April 30 at 11:34 PM
|AXT Inc (AXTI) Sees Large Growth in Short Interest|
www.americanbankingnews.com - April 29 at 7:18 PM
|Somewhat Critical News Coverage Likely to Impact AXT (AXTI) Stock Price|
www.americanbankingnews.com - April 29 at 2:27 PM
|AXT Inc to Post FY2017 Earnings of $0.18 Per Share, Dougherty & Co Forecasts (AXTI)|
www.americanbankingnews.com - April 28 at 5:24 PM
|AXT Inc (AXTI) PT Raised to $9.00|
www.americanbankingnews.com - April 27 at 11:39 PM
|AXT Inc (AXTI) Rating Lowered to Sell at Zacks Investment Research|
www.americanbankingnews.com - April 27 at 6:06 PM
|Edited Transcript of AXTI earnings conference call or presentation 26-Apr-17 8:30pm GMT|
finance.yahoo.com - April 27 at 4:13 PM
|ETFs with exposure to AXT, Inc. : April 27, 2017|
finance.yahoo.com - April 27 at 4:13 PM
|Why Shares of AXT Inc. Jumped Today|
www.fool.com - April 27 at 2:16 PM
|AXT Inc (AXTI) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS|
www.americanbankingnews.com - April 26 at 9:48 PM
|AXT, Inc. Announces First Quarter 2017 Financial Results - GlobeNewswire (press release)|
globenewswire.com - April 26 at 9:08 PM
|AXT, Inc. Announces First Quarter 2017 Financial Results|
finance.yahoo.com - April 26 at 9:08 PM
|AXT tops Street 1Q forecasts|
finance.yahoo.com - April 26 at 9:08 PM
|Somewhat Favorable Media Coverage Somewhat Likely to Affect AXT (AXTI) Stock Price|
www.americanbankingnews.com - April 26 at 4:58 PM
|AXT Inc (AXTI) Set to Announce Earnings on Wednesday|
www.americanbankingnews.com - April 24 at 7:52 AM
|AXT (AXTI) Getting Somewhat Positive Press Coverage, Analysis Finds|
www.americanbankingnews.com - April 23 at 10:19 AM
|AXT Inc (AXTI) Earns Neutral Rating from B. Riley|
www.americanbankingnews.com - April 22 at 4:03 PM
|Somewhat Critical Press Coverage Very Likely to Impact AXT (AXTI) Stock Price|
www.americanbankingnews.com - April 20 at 3:29 PM
|AXT Inc (AXTI) Expected to Announce Earnings of $0.02 Per Share|
www.americanbankingnews.com - April 19 at 12:15 AM
|AXT Inc (AXTI) Now Covered by Analysts at BWS Financial|
www.americanbankingnews.com - April 17 at 8:46 AM
|Somewhat Positive Press Coverage Unlikely to Impact AXT (AXTI) Share Price|
www.americanbankingnews.com - April 16 at 9:34 AM
|Equities Analysts Issue Forecasts for AXT Inc's Q1 2017 Earnings (AXTI)|
www.americanbankingnews.com - April 14 at 9:08 AM
|AXT (AXTI) Earns Daily Coverage Optimism Score of 0.04|
www.americanbankingnews.com - April 13 at 5:53 PM
|AXT, Inc. Schedules First Quarter 2017 Earnings Release for April 26, 2017|
finance.yahoo.com - April 11 at 8:49 PM
|AXT Inc (AXTI) Receives New Coverage from Analysts at BWS Financial|
www.americanbankingnews.com - April 11 at 10:44 AM
AXT (AXTI) Chart for Thursday, June, 29, 2017