$0.05 EPS Expected for AXT Inc (AXTI)

July 17, 2017 - By Adrian Erickson

 $0.05 EPS Expected for AXT Inc (AXTI)
Investors sentiment decreased to 1.9 in Q4 2016. Its down 0.35, from 2.25 in 2016Q3. It dropped, as 4 investors sold AXT Inc shares while 17 reduced holdings. 17 funds opened positions while 23 raised stakes. 15.02 million shares or 2.15% more from 14.71 million shares in 2016Q3 were reported.
Bridgeway Cap Mngmt Inc invested in 326,406 shares or 0.02% of the stock. 578,860 are held by Pacific Ridge Cap Ptnrs Ltd Llc. Clarivest Asset Mngmt Limited Co reported 0.04% stake. Brandywine Glob Limited Liability Company reported 0% of its portfolio in AXT Inc (NASDAQ:AXTI). 134,141 were accumulated by Deutsche Bancorp Ag. California Public Employees Retirement reported 130,400 shares. Perritt Capital Mngmt reported 1.81 million shares. Manatuck Hill Ltd invested in 0.13% or 57,000 shares. Boothbay Fund Management Limited Liability holds 0.03% in AXT Inc (NASDAQ:AXTI) or 20,351 shares. Allianz Asset Mgmt Ag stated it has 184,666 shares or 0% of all its holdings. Parallax Volatility Advisers Lp invested 0% of its portfolio in AXT Inc (NASDAQ:AXTI). Princeton Management stated it has 393,058 shares. Moreover, Ancora Advisors Limited Liability Corporation has 0.1% invested in AXT Inc (NASDAQ:AXTI). C M Bidwell Assocs Limited holds 0.03% or 23,025 shares. Acadian Asset Mgmt Ltd Co reported 0% stake.

Since May 16, 2017, it had 0 insider purchases, and 2 selling transactions for $88,325 activity. On Tuesday, May 23 the insider Ochrym Robert G sold $51,975.

Analysts await AXT Inc (NASDAQ:AXTI) to report earnings on July, 26. They expect $0.05 earnings per share, up 66.67 % or $0.02 from last year’s $0.03 per share. AXTI’s profit will be $1.90M for 35.25 P/E if the $0.05 EPS becomes a reality. After $0.02 actual earnings per share reported by AXT Inc for the previous quarter, Wall Street now forecasts 150.00 % EPS growth. The stock decreased 2.08% or $0.15 during the last trading session, reaching $7.05. About 229,792 shares traded. AXT Inc (NASDAQ:AXTI) has risen 115.17% since July 18, 2016 and is uptrending. It has outperformed by 98.47% the S&P500.

AXT Inc (NASDAQ:AXTI) Ratings Coverage

Among 6 analysts covering AXT Inc (NASDAQ:AXTI), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. AXT Inc had 8 analyst reports since December 9, 2015 according to SRatingsIntel. The stock of AXT Inc (NASDAQ:AXTI) earned “Buy” rating by Dougherty on Friday, June 16. As per Friday, March 17, the company rating was downgraded by B. Riley & Co. The stock of AXT Inc (NASDAQ:AXTI) has “Buy” rating given on Monday, February 13 by Dougherty & Company. As per Tuesday, May 3, the company rating was upgraded by Craig Hallum. On Thursday, October 27 the stock rating was maintained by Needham with “Buy”. The firm has “Buy” rating given on Wednesday, December 9 by B. Riley & Co. As per Thursday, February 23, the company rating was maintained by Needham.

AXT, Inc. is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The company has market cap of $268.27 million. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It has a 38.78 P/E ratio. The Firm is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.

More notable recent AXT Inc (NASDAQ:AXTI) news were published by: Nasdaq.com which released: “AXT, Inc. Schedules Second Quarter 2017 Earnings Release for July 26, 2017” on July 10, 2017, also Fool.com with their article: “Why Shares of AXT Inc. Dropped Today” published on March 16, 2017, Fool.com published: “Why Shares of AXT Inc. Moved Higher Today” on February 23, 2017. More interesting news about AXT Inc (NASDAQ:AXTI) were released by: Globenewswire.com and their article: “AXT, Inc. Resumes Substrate Production at Its Beijing Manufacturing Facility” published on March 20, 2017 as well as Globenewswire.com‘s news article titled: “AXT, Inc. Announces Third Quarter 2016 Financial Results” with publication date: October 26, 2016.

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