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NASDAQ:AXTI

AXT - AXTI Stock Forecast, Price & News

$9.65
+0.43 (+4.66%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$9.14
$9.70
50-Day Range
$5.36
$9.74
52-Week Range
$4.97
$9.99
Volume
367,354 shs
Average Volume
196,117 shs
Market Capitalization
$415.53 million
P/E Ratio
26.81
Dividend Yield
N/A
Price Target
$10.50

AXT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
8.9% Upside
$10.50 Price Target
Short Interest
Healthy
2.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.31mentions of AXT in the last 14 days
Based on 8 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.

2.33 out of 5 stars

Computer And Technology Sector

290th out of 660 stocks

Semiconductors & Related Devices Industry

42nd 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.

AXT Stock Performance

Shares of NASDAQ:AXTI traded up $0.27 during midday trading on Thursday, hitting $9.49. 1,698 shares of the company's stock traded hands, compared to its average volume of 420,074. The stock has a market capitalization of $408.64 million, a price-to-earnings ratio of 25.58 and a beta of 2.12. The firm has a fifty day moving average of $6.97 and a 200 day moving average of $6.70. AXT has a 1 year low of $4.97 and a 1 year high of $9.99.

AXT (NASDAQ:AXTI - Get Rating) last released its quarterly earnings results on Thursday, July 28th. The semiconductor company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.05. AXT had a net margin of 10.22% and a return on equity of 6.77%. During the same period in the prior year, the firm earned $0.10 EPS. On average, equities analysts anticipate that AXT will post 0.49 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of AXT from a "sell" rating to a "hold" rating in a report on Wednesday, July 20th. TheStreet raised AXT from a "c" rating to a "b-" rating in a research note on Tuesday, August 2nd. Needham & Company LLC lifted their price target on AXT from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Friday, July 29th. B. Riley cut their price objective on shares of AXT from $9.50 to $8.00 in a research report on Friday, April 29th. Finally, Northland Securities reduced their price objective on shares of AXT from $15.00 to $12.00 in a research note on Friday, April 29th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, AXT currently has a consensus rating of "Moderate Buy" and an average target price of $10.50.

Insider Buying and Selling at AXT

In other news, Director Russell Christine sold 7,500 shares of the company's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $9.40, for a total value of $70,500.00. Following the completion of the transaction, the director now owns 31,552 shares of the company's stock, valued at $296,588.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other AXT news, CFO Gary L. Fischer sold 40,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $9.19, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Russell Christine sold 7,500 shares of the firm's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $9.40, for a total value of $70,500.00. Following the transaction, the director now owns 31,552 shares of the company's stock, valued at approximately $296,588.80. The disclosure for this sale can be found here. Insiders have sold a total of 107,500 shares of company stock valued at $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

AXT, Inc. (NASDAQ:AXTI) Sees Large Drop in Short Interest
Here's Why AXT (AXTI) is a Great Momentum Stock to Buy
Will AXT (AXTI) Gain on Rising Earnings Estimates?
AXT (NASDAQ:AXTI) Price Target Raised to $9.00
See More Headlines
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AXTI Company Calendar

Last Earnings
7/28/2022
Today
8/18/2022
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
+8.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$14.57 million
Pretax Margin
13.06%

Debt

Sales & Book Value

Annual Sales
$137.39 million
Cash Flow
$0.51 per share
Book Value
$5.46 per share

Miscellaneous

Free Float
39,602,000
Market Cap
$415.53 million
Optionable
Optionable
Beta
2.12

Social Links


Key Executives

  • Dr. Morris S. Young Ph.D. (Age 77)
    Co-Founder, CEO & Chairman
    Comp: $947.35k
  • Mr. Gary L. FischerMr. Gary L. Fischer (Age 70)
    CFO, VP & Corp. Sec.
    Comp: $541.2k
  • Dr. Wei Gao
    Chief Technical Officer













AXTI Stock - Frequently Asked Questions

Should I buy or sell AXT stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AXT in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research 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 brokerages have issued 1 year target prices for AXT's shares. Their AXTI share price forecasts range from $8.00 to $13.00. On average, they anticipate the company's stock price to reach $10.50 in the next year. This suggests a possible upside of 13.9% 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 the year. Since then, AXTI shares have increased by 4.7% and is now trading at $9.22.
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) posted its quarterly earnings results on Thursday, July, 28th. The semiconductor company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. AXT had a net margin of 10.22% and a trailing twelve-month return on equity of 6.77%. During the same period in the previous year, the firm posted $0.10 earnings per share.

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

AXT issued an update on its third quarter 2022 earnings guidance on Friday, August, 5th. The company provided 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 retail and institutional investors. Top institutional investors include Needham Investment Management LLC (3.63%), Royce & Associates LP (2.49%), Pacific Ridge Capital Partners LLC (2.30%), Kennedy Capital Management Inc. (1.99%), State Street Corp (1.70%) and Game Plan Financial Advisors LLC (1.50%). 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 $9.22.

How much money does AXT make?

AXT (NASDAQ:AXTI) has a market capitalization of $397.01 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 8/18/2022 by MarketBeat.com Staff

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