AXT (NASDAQ:AXTI) Issues Earnings Results

AXT (NASDAQ:AXTI) posted its quarterly earnings data on Thursday. The semiconductor company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08), Zacks reports. AXT had a negative return on equity of 4.58% and a negative net margin of 10.73%.

AXT Trading Down 0.4 %

Shares of NASDAQ AXTI opened at $2.29 on Friday. The firm has a 50-day simple moving average of $2.19 and a 200-day simple moving average of $2.30. AXT has a 52 week low of $1.73 and a 52 week high of $5.64.

Analyst Ratings Changes

A number of equities analysts have weighed in on AXTI shares. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of AXT in a research report on Friday, November 1st. Wedbush reiterated an “outperform” rating and issued a $5.50 target price on shares of AXT in a research report on Friday, February 7th. Finally, Northland Securities reduced their target price on shares of AXT from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.20.

AXT Company Profile

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.