AXT (AXTI) to Release Quarterly Earnings on Thursday

1 month ago MarketBeat

AXT (NASDAQ:AXTI - Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, February 16th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

AXT Stock Down 1.4 %

Shares of AXT stock opened at $6.34 on Thursday. AXT has a twelve month low of $4.17 and a twelve month high of $9.94. The company has a market cap of $276.11 million, a price-to-earnings ratio of 15.85 and a beta of 2.06. The company's 50 day moving average is $5.16 and its 200 day moving average is $6.21.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. upgraded shares of AXT from a "sell" rating to a "hold" rating in a report on Wednesday, November 30th. TheStreet cut shares of AXT from a "b-" rating to a "c+" rating in a research note on Wednesday, October 19th. Craig Hallum reduced their price objective on shares of AXT to $7.00 in a research report on Tuesday, November 1st. B. Riley dropped their target price on shares of AXT from $6.50 to $5.50 in a report on Friday, October 28th. Finally, Needham & Company LLC dropped their price objective on shares of AXT from $9.00 to $6.00 and set a "buy" rating for the company in a report on Friday, October 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, AXT presently has an average rating of "Moderate Buy" and a consensus target price of $8.92.

Hedge Funds Weigh In On AXT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in AXT by 7.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 179,888 shares of the semiconductor company's stock worth $1,205,000 after buying an additional 12,089 shares during the last quarter. Jane Street Group LLC purchased a new stake in AXT in the 3rd quarter worth about $93,000. BNP Paribas Arbitrage SNC raised its stake in shares of AXT by 73.7% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 15,702 shares of the semiconductor company's stock worth $105,000 after purchasing an additional 6,661 shares in the last quarter. State Street Corp raised its stake in shares of AXT by 1.4% during the 3rd quarter. State Street Corp now owns 742,839 shares of the semiconductor company's stock worth $4,977,000 after purchasing an additional 10,573 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of AXT by 61.6% during the 3rd quarter. Two Sigma Investments LP now owns 155,760 shares of the semiconductor company's stock worth $1,044,000 after purchasing an additional 59,389 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.

AXT Company Profile

(Get Rating)

AXT, Inc engages in the design, development, manufacture and distribution of compound and single element semiconductor substrates. It also sells specialty material substrates and raw materials used to make substrates and other related products. The company was founded by Morris S. Young and Davis Zhang in 1986 and is headquartered in Fremont, CA.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider AXT, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AXT wasn't on the list.

While AXT currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 "Recession Proof" Stocks That Will Thrive in Any Market

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report
Continue reading...

Read On "MarketBeat"

More News On "MarketBeat"
28 days ago - Alameda County landlords owed thousands in rent, call for an end to eviction moratorium 28 days ago - Monday Feb. 27 COVID-19 update: 4 deaths in Douglas County 28 days ago - State basketball preview: 6A, 5A tournaments return to Weber State’s Dee Events Center this week 28 days ago - One Wealth Advisors LLC invests in Enovix Co. (NASDAQ:ENVX) 28 days ago - Uncommon length makes Pleasant Valley’s 2-3 a no-scoring zone 28 days ago - Study: Back-to-back hurricanes likely to come more often 28 days ago - What’s Happening Vegas? – March 2023 28 days ago - Osceola County community events calendar for 03/01/2023 28 days ago - North Adams, East Clinton, Unioto still alive 28 days ago - North Korea holds rare meeting on farming amid food shortage 28 days ago - 'Dilbert,' Scott Adams lose distributor over racist remarks 28 days ago - Soap or phone call? Colo. lawmakers want to make prison phone calls free 28 days ago - EXPLAINER: Windstorm was likely a derecho. What is that? 28 days ago - What's Happening in Las Vegas for this Year's March Madness 28 days ago - Outsmarting humans just one step for AI video game players 28 days ago - 'Cocaine Bear' gets high with $23.1M, 'Ant-Man' sinks fast 28 days ago - 'Everything Everywhere All at Once' dominates at SAG Awards 28 days ago - Digital Transformation: The Revolutionary Impact of Technology in Africa 28 days ago - ShotSpotter (NASDAQ:SSTI) Price Target Increased to $44.00 by Analysts at Lake Street Capital 28 days ago - Season 3 of Outer Banks disappoints critics; watch only if you were a die-hard fan of earlier seasons, they suggest 28 days ago - Board Game and Card Game Market Size in 2023 with [ STATISTICS FIGURES] Future Development Status and Forecast up to 2029 28 days ago - Tabletop Gaming Market Size in 2023 NEW TECHNOLOGICAL DEVELOPMENT and Latest Innovation in Analytics Sector till 2029 29 days ago - Celona Offers Most Comprehensive Private 5G Solutions for U.S. and Foreign Markets 29 days ago - ShotSpotter, Inc. (NASDAQ:SSTI) to Post Q1 2023 Earnings of ($0.03) Per Share, Northland Capmk Forecasts 29 days ago - Asian shares track Wall Street decline on hot economic data 29 days ago - Final Nebraska high school swimming and diving season leaders 29 days ago - Girls BB: Saluting Section Champions 29 days ago - Tens of thousands protest Mexico electoral reforms 29 days ago - Third finals appearance the charm for Hortonville's Skebba; Stoffel makes history for Appleton North 29 days ago - Medical Blades Market Business Opportunities, Top Players and Forecast 2030 29 days ago - Central College Dutch Sports Update – 2/26/2023 29 days ago - Buhro takes individual crown as Oak Harbor earns sectional championship 1 month ago - Nebraska conservatives set sights on education takeover – Associated Press 1 month ago - Back-to-back: Minico successfully defends 4A state wrestling championship 1 month ago - Here are Saturday's high school sports results 1 month ago - Farewell, Fontana: NASCAR's last weekend at a racing gem 1 month ago - Kansas Democrats pick Repass as their new chair despite campaign baggage 1 month ago - Tesla’s Global Engineering HQ in Palo Alto — Opening Party Highlights (Pics, Videos, Quotes) 1 month ago - San Ann'as Pizza and Mexican celebrating 45th anniversary 1 month ago - L.A. on the Record: The Senate takes one more look at Garcetti 1 month ago - Dodge County real estate transfers 1 month ago - How UNL instructors are tackling the emergence of ChatGPT and other AI in higher education 1 month ago - Some Democratic-led states seek to bolster voter protections 1 month ago - Casey Vaughan: Only rain should go down a storm drain 1 month ago - Nebraska conservatives set sights on education takeover 1 month ago - West Michigan Conference basketball: Girls and boys roundup from Feb. 24, 2023 – CatchMark Sports 1 month ago - Jeff Yost: Look Upstream 1 month ago - Brokers Set Expectations for ShotSpotter, Inc.'s Q4 2023 Earnings (NASDAQ:SSTI) 1 month ago - Building affordable homes in Fremont 1 month ago - Local chef to open farm-to-table eatery in Fremont 1 month ago - Jeanna Wilcoxen Murder: Where Is Jeremiah Connelly Now? 1 month ago - More than 70 soldiers killed in Burkina Faso, extremists say 1 month ago - Clyde Council to consider citizens raising chickens in town 1 month ago - Wilhelm: More on Jacksons, Willow Hill and efforts to share insight into African American history 1 month ago - STATE HIGH SCHOOL WRESTLING TOURNAMENTS: Crowded at the top ... Trojans third, but well within striking distance in 5A tournament 1 month ago - Bulldog wrestlers have solid day at state 1 month ago - High school boys basketball: 6A/5A second round recap 1 month ago - Head-To-Head Analysis: Amprius Technologies (NYSE:AMPX) & Novanta (NASDAQ:NOVT) 1 month ago - Here are Friday's high school sports results 1 month ago - It’s Official: California Will Be Tesla’s Engineering & AI Headquarters
free geoip