According to Bloomberg, the eight brokerages following AXT, Inc. (NASDAQ: AXTI) shares have given the stock a rating of “Moderate Buy” as their consensus recommendation. This rating was based on the brokerages’ expectations for future growth in the company’s share price. There have been a total of five research analysts who have recommended buying the stock, with one analyst recommending that the investment be maintained. As provided by brokers who covered the stock in the preceding year, the average price target for the stock for the coming year is currently set at $8.92. This price target was provided by brokers who covered the stock in the previous year.
Many scholarly articles have been written about AXTI and its subsequent findings. B. Riley decreased their target price on AXT shares from $6.50 to $5.50 in a research note disseminated on Friday, October 28. In a report distributed on November 30, StockNews.com changed the “sell” recommendation that it had previously given for AXT to a “hold” rating. The results of a study made available to the public on October 19 revealed that TheStreet had downgraded AXT stock, moving it from a rating of “b-” to a rating of “c+.” In a research note published on Thursday, October 6, BWS Financial lowered its “buy” rating on AXT shares and decreased its price objective for the stock from $20.00 to $12.00. Both of these changes were made. In a research report published on Tuesday, October 4, Northland Securities lowered their price target on AXT shares from $12.00 to $10.00 and gave the stock an “outperform” rating. In addition, the firm maintained its “outperform” rating for the stock.
Various hedge funds have been active buyers and sellers of AXTI stock throughout the most recent time. JPMorgan Chase & Co. increased the proportion of AXT shares it owned by 22.9% over the first three months of 2018. JPMorgan Chase & Co. now has 19,071 stock held by the semiconductor company following the acquisition of 3,553 additional shares during the most recent reporting period. At the moment, one share of the company’s stock is worth $134,000, and the total value of the corporation’s investment portfolio is also $134,000. The Bank of New York Mellon Corporation increased the amount of AXT that it held by 5.2% over the year’s first three months. The Bank of New York Mellon Corp. now has a total of 177,445 shares of the semiconductor company’s stock after purchasing an additional 8,839 shares during the period in question. These shares are currently worth a combined total of $1,246,000 because the Bank of New York Mellon Corp. In the first three months of 2018, Invesco Ltd. increased the AXT percentage in its portfolio by 59.6%. Invesco Ltd. now has a total of 48,727 shares of the semiconductor company’s stock following the purchase of an additional 18,198 shares during the most recent quarter. The value of Invesco Ltd.’s holdings in the company’s stock comes to a combined total of $342,000. The percentage of AXT shares that State Street Corporation owned at the beginning of 2018 was 3.9% higher than at the end of the first quarter. State Street Corporation now has a total of 5,046,000 shares of the stock of the semiconductor business after purchasing an additional 26,826 shares during the most recent quarter to bring its total number to 5. These shares are currently worth a total of $718,825 as of right now. During the first three months of 2018, Bank of America Corp. DE increased the amount of AXT it held by 132.4%, bringing us to our last point. Bank of America Corp. (DE) now has a total of 169,073 shares of ownership in the company, having purchased an additional 96,314 shares of the semiconductor company during the preceding quarter for a total cost of $1,187,00. This brings the company’s total number of shares of ownership in the company to 169,073. Institutional investors and hedge funds are responsible for the ownership of a combined total of 55.52% of the company’s stock.
AXTI stock started the trading session on Thursday at $5.17 per share. Both the price-to-earnings ratio of the company, which is 12.93, and its beta value, which is 1.93, are very high. The current value of the company on the stock market, also known as its market capitalization, is $225.17 million. During the previous year, the price of AXT fluctuated between $4.17 and $9.94, with a low of $4.17 and a high of $9.94. Over the last 50 and 200 trading days, the price of a share of the company’s stock has moved up and down between the ranges of $4.92 and $6.26.
AXT (NASDAQ: AXTI) announced the results of its most recent quarterly earnings report on Thursday, October 27. The quarterly earnings of $0.13 per share (EPS) reported by the semiconductor company were significantly higher than the consensus estimate of $0.09 per share produced by industry analysts, which was a difference of $0.04 per share. The revenue the company reported for the quarter was $35.18 million, which was significantly lower than the consensus projection of $36.10 million. AXT had a return on equity of 7.49%, and the net margin for the company was 11.47%. Equity research professionals anticipate that AXT will generate $0.37 per share in the current fiscal year. This is based on the company’s historical performance.
In addition to the formulation, production, and distribution of compound and single-element semiconductor substrates and the design and creation of these products, AXT, Inc., is recognized as a leader in the industry. It does this by employing a uniquely designed technique called “vertical gradient freeze,” and the end product is semiconductor substrates. The indium phosphide that this business distributes can be used in a variety of electronic components, including RF amplifiers and switches, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic integrated circuits, terrestrial solar cells, infrared light-emitting diode (LED) motion control, lidar for robotics and autonomous vehicles, infrared thermal imaging, and 5G communications.