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QQQ   328.15 (+0.68%)
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MSFT   288.98 (-0.06%)
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BABA   96.09 (+3.96%)
AMD   101.06 (+2.03%)
MU   63.15 (+2.85%)
T   18.12 (+0.61%)
CGC   3.44 (+4.56%)
GE   78.46 (+1.71%)
F   15.77 (+1.74%)
DIS   121.11 (+7.72%)
AMC   25.44 (+7.48%)
PYPL   100.97 (+2.08%)
PFE   48.38 (-3.14%)
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NASDAQ:AXTI

AXT - AXTI Stock Forecast, Price & News

$9.75
+0.01 (+0.10%)
(As of 08/11/2022 09:59 AM ET)
Add
Compare
Today's Range
$9.68
$9.76
50-Day Range
$5.36
$9.74
52-Week Range
$4.97
$10.44
Volume
721 shs
Average Volume
359,214 shs
Market Capitalization
$418.76 million
P/E Ratio
27.08
Dividend Yield
N/A
Price Target
$10.50

AXT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
8.0% Upside
$10.50 Price Target
Short Interest
Healthy
2.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.51mentions of AXT in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$933,100 Sold Last Quarter
Proj. Earnings Growth
28.57%
From $0.49 to $0.63 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

Computer And Technology Sector

314th out of 658 stocks

Semiconductors & Related Devices Industry

46th out of 97 stocks

AXTI stock logo

About AXT (NASDAQ:AXTI) Stock

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide for use in data center connectivity using light/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging. It also provides semi-insulating gallium arsenide (GaAs) substrates for use in Wi-Fi and IoT devices, transistors, direct broadcast television, power amplifiers, satellite communications, and solar cells; and semi-conducting GaAs substrates that are used in LED, screen displays, printer head lasers and LEDs, 3-D sensing using VCSELs, data center communication using VCSELs, sensors for industrial robotics/near-infrared sensors, optical couplers, solar cells, night vision goggles, lidar for robotics and autonomous vehicles, and other lasers, as well as laser machining, cutting, and drilling. In addition, the company offers germanium substrates for use in multi-junction solar cells for satellites, optical sensors and detectors, terrestrial concentrated photo voltaic cells, infrared detectors, and carrier wafer for LED. Further, it provides 6N+ and 7N+ purified gallium, boron trioxide, gallium-magnesium alloy, pyrolytic boron nitride (pBN) crucibles, and pBN insulating parts. AXT, Inc. sells its products through direct salesforce in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was incorporated in 1986 and is headquartered in Fremont, California.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AXTI. StockNews.com upgraded AXT from a "sell" rating to a "hold" rating in a report on Wednesday, July 20th. TheStreet upgraded shares of AXT from a "c" rating to a "b-" rating in a report on Tuesday, August 2nd. B. Riley dropped their price target on AXT from $9.50 to $8.00 in a research note on Friday, April 29th. Northland Securities lowered their price objective on shares of AXT from $15.00 to $12.00 in a research note on Friday, April 29th. Finally, Needham & Company LLC increased their target price on shares of AXT from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday, July 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $10.50.

AXT Price Performance

Shares of NASDAQ:AXTI traded up $0.73 during midday trading on Wednesday, hitting $9.74. 23,435 shares of the company's stock were exchanged, compared to its average volume of 189,700. AXT has a 12 month low of $4.97 and a 12 month high of $10.44. The company has a market cap of $418.35 million, a PE ratio of 27.45 and a beta of 2.12. The stock has a 50 day moving average price of $6.54 and a 200-day moving average price of $6.60.

AXT (NASDAQ:AXTI - Get Rating) last released its earnings results on Thursday, July 28th. The semiconductor company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. AXT had a return on equity of 6.83% and a net margin of 10.22%. During the same quarter in the previous year, the business posted $0.10 EPS. On average, analysts anticipate that AXT will post 0.49 EPS for the current fiscal year.

Insider Buying and Selling at AXT

In related news, CFO Gary L. Fischer sold 60,000 shares of the business's stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $8.25, for a total value of $495,000.00. Following the sale, the chief financial officer now directly owns 319,020 shares in the company, valued at approximately $2,631,915. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Gary L. Fischer sold 60,000 shares of the business's stock in a transaction on Friday, July 29th. The stock was sold at an average price of $8.25, for a total transaction of $495,000.00. Following the sale, the chief financial officer now directly owns 319,020 shares in the company, valued at approximately $2,631,915. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gary L. Fischer sold 40,000 shares of the firm's stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $9.19, for a total value of $367,600.00. Following the completion of the transaction, the chief financial officer now owns 279,020 shares of the company's stock, valued at approximately $2,564,193.80. The disclosure for this sale can be found here. Insiders have sold a total of 107,500 shares of company stock worth $933,100 over the last ninety days. 8.03% of the stock is currently owned by company insiders.

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AXTI Stock News Headlines

Will AXT (AXTI) Gain on Rising Earnings Estimates?
AXT (NASDAQ:AXTI) Price Target Raised to $9.00
AXT (AXTI) Beats Q2 Earnings Estimates
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AXTI Company Calendar

Last Earnings
7/28/2022
Today
8/11/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductor Equipment
Current Symbol
NASDAQ:AXTI
CUSIP
00246W10
Employees
1,008
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$10.50
High Stock Price Forecast
$13.00
Low Stock Price Forecast
$8.00
Forecasted Upside/Downside
+7.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$14.57 million
Pretax Margin
12.16%

Debt

Sales & Book Value

Annual Sales
$137.39 million
Cash Flow
$0.55 per share
Book Value
$5.29 per share

Miscellaneous

Free Float
39,503,000
Market Cap
$418.76 million
Optionable
Optionable
Beta
2.12

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AXTI Stock - Frequently Asked Questions

Should I buy or sell AXT stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AXT in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" AXTI shares.
View AXTI analyst ratings
or view top-rated stocks.

What is AXT's stock price forecast for 2022?

3 brokers have issued 1-year price objectives for AXT's stock. Their AXTI share price forecasts range from $8.00 to $13.00. On average, they predict the company's stock price to reach $10.50 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
View analysts price targets for AXTI
or view top-rated stocks among Wall Street analysts.

How have AXTI shares performed in 2022?

AXT's stock was trading at $8.81 at the beginning of 2022. Since then, AXTI stock has increased by 10.6% and is now trading at $9.74.
View the best growth stocks for 2022 here
.

When is AXT's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our AXTI earnings forecast
.

How were AXT's earnings last quarter?

AXT, Inc. (NASDAQ:AXTI) issued its quarterly earnings results on Thursday, July, 28th. The semiconductor company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. AXT had a net margin of 10.22% and a trailing twelve-month return on equity of 6.83%. During the same quarter last year, the firm posted $0.10 earnings per share.

What guidance has AXT issued on next quarter's earnings?

AXT updated its third quarter 2022 earnings guidance on Friday, August, 5th. The company provided earnings per share (EPS) guidance of $0.15-$0.17 for the period, compared to the consensus estimate of $0.09. The company issued revenue guidance of $39.00 million-$41.00 million, compared to the consensus revenue estimate of $41.56 million.

What other stocks do shareholders of AXT own?

Based on aggregate information from My MarketBeat watchlists, some companies that other AXT investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Editas Medicine (EDIT), Cisco Systems (CSCO), General Electric (GE), Block (SQ), OPKO Health (OPK) and Bank of America (BAC).

What is AXT's stock symbol?

AXT trades on the NASDAQ under the ticker symbol "AXTI."

Who are AXT's major shareholders?

AXT's stock is owned by a variety of institutional and retail investors. Top institutional investors include Royce & Associates LP (2.49%), Pacific Ridge Capital Partners LLC (2.30%), Kennedy Capital Management Inc. (1.99%), Game Plan Financial Advisors LLC (1.50%), Los Angeles Capital Management LLC (0.28%) and Millrace Asset Group Inc. (0.22%). Insiders that own company stock include Gary L Fischer, Jesse Chen, Leonard J Leblanc, Morris S Young, Morris S Young and Russell Christine.
View institutional ownership trends
.

How do I buy shares of AXT?

Shares of AXTI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is AXT's stock price today?

One share of AXTI stock can currently be purchased for approximately $9.74.

How much money does AXT make?

AXT (NASDAQ:AXTI) has a market capitalization of $418.35 million and generates $137.39 million in revenue each year. The semiconductor company earns $14.57 million in net income (profit) each year or $0.36 on an earnings per share basis.

How many employees does AXT have?

The company employs 1,008 workers across the globe.

When was AXT founded?

AXT was founded in 1986.

How can I contact AXT?

AXT's mailing address is 4281 Technology Drive, FREMONT CA, 94538. The official website for the company is www.axt.com. The semiconductor company can be reached via phone at (510) 438-4700, via email at mwang@axt.com, or via fax at 510-353-0668.

This page (NASDAQ:AXTI) was last updated on 8/11/2022 by MarketBeat.com Staff

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