AXT (NASDAQ:AXTI – Get Free Report) posted its earnings results on Thursday. The semiconductor company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.31 by $0.10, FiscalAI reports. AXT had a net margin of 3.23% and a return on equity of 0.96%.
AXT Stock Down 5.4%
NASDAQ AXTI traded down $3.50 during trading hours on Thursday, reaching $60.88. 11,858,347 shares of the company were exchanged, compared to its average volume of 10,108,816. The stock has a market capitalization of $3.99 billion, a P/E ratio of 3,044.00 and a beta of 1.86. AXT has a 1 year low of $6.83 and a 1 year high of $143.16. The business’s 50 day simple moving average is $66.87 and its 200-day simple moving average is $63.72.
More AXT News
Here are the key news stories impacting AXT this week:
- Positive Sentiment: AXT’s majority-owned Beijing Tongmei Xtal Technology subsidiary entered agreements for up to RMB 3.67 billion, or approximately $545 million, in private-equity financing. The capital could help Tongmei expand production and strengthen AXT’s exposure to demand for semiconductor materials used in AI and other advanced applications. The transaction may also improve liquidity, although investors will need to assess any dilution or changes in ownership. AXT Announces RMB 3.67 Billion Financing
- Positive Sentiment: Wedbush reiterated its Buy rating on AXT, providing continued sell-side support for the company’s growth outlook. Wedbush Keeps Buy Rating on AXT
- Neutral Sentiment: Recent analysis compares AXT with TTM Technologies as potential AI-infrastructure investments. The comparison highlights AXT’s AI-related growth opportunity but also its China exposure and elevated valuation, factors that could increase volatility and make investors more selective. TTMI vs. AXTI AI Infrastructure Comparison
- Negative Sentiment: AXTI recently moved above its 200-day moving average, a generally constructive technical signal, but the accompanying “time to sell?” discussion may be encouraging short-term profit-taking after the stock’s substantial advance. AXT Crosses Above Two-Hundred-Day Moving Average
Analyst Ratings Changes
Several research firms have recently issued reports on AXTI. UBS Group set a $90.00 price target on shares of AXT in a research note on Friday, July 31st. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, July 31st. Zacks Research lowered AXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Finally, B. Riley Financial cut their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $77.00.
Insider Transactions at AXT
In related news, Director Leonard Leblanc sold 4,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the sale, the director directly owned 113,129 shares in the company, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.97% of the stock is owned by corporate insiders.
About AXT
AXT, Inc develops and manufactures compound semiconductor substrates used as the foundation for various high-performance electronic and optoelectronic devices. Its principal products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with other specialty materials such as gallium antimonide and indium arsenide.
The company’s substrates are used in applications including wireless communications, fiber-optic and data-center networks, lasers, light-emitting diodes, solar cells, consumer electronics, and aerospace and defense systems.
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