AXTI AXT Inc Stock Price Quote NASDAQ

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Earnings for AXT are expected to grow in the coming year, from ($0.27) to $0.27 per share. 1 people have added AXT to their MarketBeat watchlist in the last 30 days. There is no current Upright™ data available for AXTI. AXT does not have a long track record of dividend growth.

manufacture and distribution

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This makes sense as these were among the first applications to experience weakness beginning in September of last year. In a way, that’s what I’m saying but as I said again, as far as indium phosphide is concerned, because there are 2 ways we can look at the opportunity for us. I mean one is the existing market when they recover, that should be a big drive for demand. I think there’s another one that is the new applications. They are making inquiries and making piloting runs on but we don’t know exactly what the application is.

The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. According to 7 analysts, the average rating for AXTI stock is “Buy.” The 12-month stock price forecast is $7.06, which is an increase of 164.42% from the latest price. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 . This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.

Style is an factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated. The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. 55.52% of the stock of AXT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AXT, Inc. Schedules First Quarter Earnings Release for April 27, 2023

The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.

  • The technique has proven to be very useful for finding positive surprises.
  • Given the continuing inventory correction, we expect Q2 revenue to be between $19 million and $21 million.
  • Insiders that own company stock include Gary L Fischer, Jesse Chen, Leonard J Leblanc, Morris S Young, Morris S Young and Russell Christine.
  • And for HPT, we are starting to take thousands of wafers — but compared to tens of thousand wafer is still only 20% of the peak, but at least it’s a consistent order pattern.
  • AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates.

And so, we’re ready to ramp up production for them sometime in 24, late ’20s. So for other samplings are already delivered to our major customers. And by the way, this major customer was giving us a facility tour in the last week or so, and they are very pleased we had a very, very good meeting. EBITDA is a widely used measure of corporate profitability. It stands for Earnings before Interest, Taxes, Depreciation, and Amortization. It attempts to reflect the cash profit generated by a company’s operations.

About AXTI

We continue to excel in our texting capabilities, and we are ready for our business to support new applications that are likely to drive future growth. Further, we continue to work hard on improving our efficiency, and we are focusing on our accelerating our return to profitability. Our revenue in Q1 was proactively flat with the fourth quarter and represent another area where we are seeing stable vision. Gallium raw material prices remain approximately flat this quarter and up from the low levels we saw in the fourth quarter of 2022. Thank you, Leslie, and good afternoon to everyone.

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In other words, will there be another leg to go if U.S. economy were to slip into a recession, and that could prolong the inventory on the demand recovery. 5 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for AXT in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should “buy” AXTI shares.

News and Social Media Coverage

Thank you, Gary, and good afternoon, everybody Well, good morning here in China. As expected, revenue took a step back in Q1 as the inventory correction that we began to see in gallium as at late last summer, accelerated in phosphide applications. Despite lower revenue, we feel confident in our market position and strong customer relationships. We have continued to focus on manufacturing efficiencies, having increasing success in our recycling efforts, which benefit our gross margin performance in Q1.

Maybe the second half of the year, maybe you’ll continue to bump along the bottom. But the second half of this question is, I think historically, in a normal environment, Q3 tends to be slightly higher better than Q1. Or you think that maybe it’s going to be a little bit different given the severity of the downturn… Turning to our plan to list our subsidiary, Tongmei in China on the star market in Shanghai. Since the Chinese New Year, we have had active dialogue again with the China Securities Regulatory Commission or the CSRC. Their process is detailed and thorough, and they have asked us to respond to a couple of additional items.

These returns cover a period from January 1, 1988 through April 3, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.

Finished goods makes up approximately 3% of inventory. We had a very successful quarter in our recycling efforts, which benefited our margins in our ESG efforts. But when we grow new ingots with recycled indium phosphide, it adds to the inventory.

Is It Time to Buy AXTI? Shares are down today.

We are in the process of doing so now and remain optimistic that we will get CSRC approval in the coming months. We have posted a brief summary of the plan and the process on our website. Our customers on the timing of sales of their products. 52 week high is the highest price of a stock in the past 52 weeks, or one year.

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The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company. Cash, cash equivalents and investments were $53.6 million as of March 31.

In 2022, AXT Inc.’s revenue was $141.12 million, an increase of 2.71% compared to the previous year’s $137.39 million. Earnings were $15.81 million, an increase of 8.48%. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. One share of AXTI stock can currently be purchased for approximately $2.67.

price target

Richard, well, I think they are very enthusiastic about the black boxes can you belief them to decrease your product. We are — we’re engaging with them almost weekly on trying to solve their next-generation futuristic requirement material requirement as well as working with them. They are a very methodical and very good customer to work with. And so we don’t see any reduced activity with them at all. I don’t think they’re going to be dissolving anytime soon.

So — but I think the long term — I mean, I’m looking at maybe 2 or 3 quarter horizon, MicroLED should be a driver. And I don’t believe there’s any reason why power laser for because it’s for industrial manufacturing. I think industrial manufacturing, the consumer market in China is coming back, I believe, because I see the streets are more traffic and more people. But I think when will it translate into industrial production, which I think uses a lot of gallium aside power lasers.

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So I just want to make sure that you expect that to be a continuing business after what looks like an inventory burn. And there’s no fear because every supplier is more eager trying to get orders. So along with it, there are price pressure with that as well.

And if China moves forward with the national stimulus for an as has been discussed, it would likely provide a catalyst or upgrade cycle in China telecommunication infrastructure. Real-time analyst ratings, insider transactions, earnings data, and more. The company’s average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

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