AXT (AXTI) Scheduled to Post Earnings on Wednesday

AXT (NASDAQ:AXTI) will post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect AXT to post earnings of $0.08 per share for the quarter.

AXT (AXTI) opened at $8.35 on Tuesday. The firm has a market capitalization of $324.74, a PE ratio of 34.79, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. AXT has a twelve month low of $5.10 and a twelve month high of $10.75.

Several research analysts have weighed in on the company. BidaskClub upgraded AXT from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Zacks Investment Research lowered AXT from a “buy” rating to a “hold” rating in a report on Monday, January 1st. B. Riley lifted their target price on AXT from $8.50 to $8.75 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $11.00 target price (up from $10.00) on shares of AXT in a report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $10.38.

A hedge fund recently raised its stake in AXT stock. State Street Corp grew its position in AXT Inc (NASDAQ:AXTI) by 2,392.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 461,458 shares of the semiconductor company’s stock after purchasing an additional 442,945 shares during the period. State Street Corp owned approximately 1.20% of AXT worth $2,931,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 59.02% of the company’s stock.

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About AXT

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.

Earnings History for AXT (NASDAQ:AXTI)

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