$0.08 EPS Expected for AXT, Inc. (AXTI)

March 23, 2018 - By reb123z

 $0.08 EPS Expected for AXT, Inc. (AXTI)
Investors sentiment decreased to 1.21 in 2017 Q3. Its down 0.28, from 1.49 in 2017Q2. It turned negative, as 14 investors sold AXT, Inc. shares while 25 reduced holdings. 20 funds opened positions while 27 raised stakes. 23.45 million shares or 1.37% less from 23.77 million shares in 2017Q2 were reported.
Bankshares Of America De reported 1,737 shares or 0% of all its holdings. Connor Clark & Lunn Inv Mngmt Limited has invested 0% of its portfolio in AXT, Inc. (NASDAQ:AXTI). Royal Bancshares Of Canada accumulated 6,308 shares. Citigroup Inc stated it has 123 shares. Granite Point Capital Management L P owns 42,000 shares. Geode Ltd Limited Liability Company holds 329,275 shares. Moreover, Northern Trust has 0% invested in AXT, Inc. (NASDAQ:AXTI). State Common Retirement Fund holds 250,123 shares or 0% of its portfolio. Pnc Fincl Group Incorporated Inc holds 0% or 8,600 shares. Princeton Cap Mgmt accumulated 265,891 shares. 4,310 were reported by C M Bidwell & Assocs Limited. Us Comml Bank De, Minnesota-based fund reported 100 shares. Tci Wealth has invested 0% in AXT, Inc. (NASDAQ:AXTI). Hancock Holdings has invested 0.01% in AXT, Inc. (NASDAQ:AXTI). State Street Corp holds 0% or 581,403 shares in its portfolio.

Analysts expect AXT, Inc. (NASDAQ:AXTI) to report $0.08 EPS on April, 25.They anticipate $0.06 EPS change or 300.00 % from last quarter’s $0.02 EPS. AXTI’s profit would be $3.09M giving it 23.44 P/E if the $0.08 EPS is correct. After having $0.08 EPS previously, AXT, Inc.’s analysts see 0.00 % EPS growth. The stock decreased 4.46% or $0.35 during the last trading session, reaching $7.5. About 422,176 shares traded. AXT, Inc. (NASDAQ:AXTI) has risen 115.17% since March 23, 2017 and is uptrending. It has outperformed by 98.47% the S&P500.

AXT, Inc. (NASDAQ:AXTI) Ratings Coverage

Among 8 analysts covering AXT Inc (NASDAQ:AXTI), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. AXT Inc has $1200 highest and $6.50 lowest target. $9.76’s average target is 30.13% above currents $7.5 stock price. AXT Inc had 16 analyst reports since December 9, 2015 according to SRatingsIntel. The stock of AXT, Inc. (NASDAQ:AXTI) has “Buy” rating given on Tuesday, May 3 by Craig Hallum. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Buy” rating by Northland Capital on Thursday, October 26. B. Riley & Co maintained AXT, Inc. (NASDAQ:AXTI) on Thursday, October 26 with “Neutral” rating. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Buy” rating by Northland Capital on Wednesday, September 6. The rating was maintained by Needham with “Buy” on Thursday, February 23. Dougherty maintained the shares of AXTI in report on Friday, June 16 with “Buy” rating. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Neutral” rating by B. Riley & Co on Friday, March 17. Needham maintained the stock with “Buy” rating in Thursday, October 26 report. The stock of AXT, Inc. (NASDAQ:AXTI) has “Buy” rating given on Monday, February 13 by Dougherty & Company. The stock has “Buy” rating by B. Riley & Co on Wednesday, December 9.

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company has market cap of $289.26 million. The firm makes its semiconductor substrates using its proprietary vertical gradient freeze technology. It has a 28.85 P/E ratio. It offers semi-insulating gallium with arsenic substrates, which are used for applications in power amplifiers for wireless devices, and transistors and solar cells for drones.

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