News headlines about AXT (NASDAQ:AXTI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AXT earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.5462309498895 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s rankings:
- Axalta Unveils Modern and Tech-savvy StarLite as its Automotive Color of the Year 2018 (markets.financialcontent.com)
- AXT, Inc. to Present at the 20th Annual Needham Growth Conference – GlobeNewswire (press release) (globenewswire.com)
- AXT Inc (AXTI) Expected to Post Quarterly Sales of $26.78 Million (americanbankingnews.com)
- Zacks: Analysts Expect AXT Inc (AXTI) Will Announce Earnings of $0.08 Per Share (americanbankingnews.com)
Several equities research analysts have weighed in on AXTI shares. Zacks Investment Research cut AXT from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 price target (up from $10.00) on shares of AXT in a research report on Thursday, October 26th. B. Riley boosted their price target on AXT from $8.50 to $8.75 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Finally, BidaskClub lowered AXT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $9.90.
AXT (AXTI) opened at $8.95 on Friday. The company has a market capitalization of $346.13, a price-to-earnings ratio of 37.29, a PEG ratio of 1.16 and a beta of 1.11. AXT has a 1 year low of $5.10 and a 1 year high of $10.75.
AXT (NASDAQ:AXTI) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The firm had revenue of $28.17 million during the quarter, compared to analyst estimates of $27.05 million. AXT had a return on equity of 5.67% and a net margin of 9.96%. The business’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS. equities analysts anticipate that AXT will post 0.25 EPS for the current year.
In related news, VP Robert G. Ochrym sold 8,125 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $8.80, for a total transaction of $71,500.00. Following the transaction, the vice president now directly owns 44,125 shares of the company’s stock, valued at approximately $388,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Morris S. Young sold 30,000 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $9.76, for a total value of $292,800.00. Following the transaction, the chief executive officer now directly owns 1,211,970 shares in the company, valued at $11,828,827.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,375 shares of company stock valued at $1,216,235. Corporate insiders own 6.90% of the company’s stock.
AXT Company Profile
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.
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