AXT, Inc AXTI Analyst Ratings, Estimates & Forecasts

But from the looks of it, it’s quite substantial in terms of volume — so we’re guessing it is for autonomous vehicle, but we just have to wait and see where we are getting that https://1investing.in/ly order. So — but the usual old customers, such as consumer products and data center, the traditional data center, yes, they are balked down in inventory. Given the continuing inventory correction, we expect Q2 revenue to be between $19 million and $21 million.

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I think from my perspective, it’s hard for me to say. But I think the data center, although there is an inventory glut, I mean, our customers are telling us they just bought way too much last year. And although they are very happy with our performance, but they just have to digest that inventory. But also, by the way, about data center, I think that the AI application because it’s going to use so much more computing power with the AI logic running. So there is a prediction saying in the next few years, if AI is in full bloom, it probably will consume almost 30% of the total energy of the whole society because it’s so data intensive.

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In the past three months, AXT insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $33,375.00 in company stock. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

So those are probably the 2 consumer product that we’re looking for. And obviously, I think Micro it’s taking one step further into reality. I think although it will be launching late, we believe, but nevertheless, it becomes — we believe it is — it will come. And as I said in the script that we are making very good progress in terms of preparing for it, although we’re not going to spend a whole lot of money, but we already built the line for them.

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On specific customers, you’re talking about the proximity sensor. The immediate is probably going to be switched back to gallium VCSEL but it’s still up in the air whether the detector will use an indium phosphide detector or a gallium asset detector. As we understand it, indium phosphide detector is much more sensitive, so you can use a smaller area, thus maintaining the smaller large or pie-shaped window on the phone. But at this point, we really have no visibility at all. So I think we should — we are nervously waiting kind of the decision on what they will decide for the — in the next few months. We do have one other customer in Taiwan, although they are fairly secretive and they are looking for something to run using in phosphide semi-insulating wafers.

• I think from my perspective, it’s hard for me to say.
• And although they are very happy with our performance, but they just have to digest that inventory.
• The company was founded by Morris S. Young and Davis Zhang in 1986 and is headquartered in Fremont, CA.
• Earnings for AXT are expected to grow in the coming year, from ($0.27) to $0.27 per share.
• The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

AXT Inc 52 week high is $9.94 as of April 29, 2023. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

AXT started at outperform with $11 stock price target at Wedbush

Revenue for the first quarter of 2023 was $19.4 million down from $26.8 million in the fourth quarter of 2022 and down from $39.7 million in the first quarter of 2022. Gallium arsenide was $5.0 million, reflecting the overall slowdown across a number of applications, particularly in China, germanium substrates were 1.4 million. Our germanium subject revenue was up slightly from Q4, and we have resolved the payment issue we described in the past quarters.

It’s calculated by dividing the current share price by the earnings per share . It can also be calculated by dividing the company’s Market Cap by the Net Profit. High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks.

On average, they expect the company’s share price to reach $6.49 in the next twelve months. This suggests a possible upside of 143.1% from the stock’s current price. View analysts price targets for AXTI or view top-rated stocks among Wall Street analysts. As I mentioned, gallium arsenate demand appeared to be improving modestly; power amplifier and power lasers showed some signs of recovery in Q1. We also continue to be increased by the industry progress in microLED, as well as our own progress in preparing our business for this opportunity. In addition, our 8-inch line for Galati crystal growth is up and running at our Cadu facility, and we are very excited by our progress in driving improved efficiency there.

View AXTI analyst ratings or view top-rated stocks. AXT, Inc. engages in the design, development, manufacture and distribution of compound and single element semiconductor substrates. It also sells specialty material substrates and raw materials used to make substrates and other related products. The company was founded by Morris S. Young and Davis Zhang in 1986 and is headquartered in Fremont, CA. 5 Wall Street research analysts have issued twelve-month price targets for AXT’s shares. Their AXTI share price forecasts range from $3.70 to $12.00.

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By comparison at December 31, it was $52.8 million. Depreciation and amortization in the first quarter was $2.1 million and CapEx was $2.7 million. Most of this is facilities and indium phosphide equipment related. Total stock comp was $0.9 million for the quarter. Net inventory at March 31 was $91.7 million, 45% of the inventory is raw materials and WIP is 51%.

I think for the next couple of quarters, I would expect it to be relatively flat. But typically, with our business model, when we when we’re in a down cycle, we can rely on inventory, we tighten things up. When we grow a lot, when we grow quickly, that’s when cash can be cash flow negative because we’re investing so much in the growth process. Yes, I think we are skewed to get qualifications done in the next I would say 3 to 4 months.

Thank you for participating in our conference call. This quarter, we will be presenting at the 20th Annual crack Halle Institutional Investors Conference in Minneapolis. As always, please feel free to contact me, Gary titer or less Green directly if you would like to set up the call with us, we look forward to speaking with you in the near future. Just want to understand how you think about the revenue progression through Tononi3. It’s a downturn year, but I try to see if we can find any historical precedent to try to get a sense of how this year is going to shape out. It looks like you’re kind of guiding flattish revenue into second quarter of the year.

About AXT (NASDAQ:AXTI) Stock

Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. AXT issued an update on its second quarter 2023 earnings guidance on Friday, April, 28th. The company provided earnings per share guidance of -$0.12–$0.10 for the period, compared to the consensus earnings per share estimate of -$0.10. The company issued revenue guidance of $19.00 million-$21.00 million, compared to the consensus revenue estimate of $21.77 million.

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Will AXT (AXTI) Gain on Rising Earnings Estimates?

In the first quarter of 2023, revenue from Asia Pacific was 68%; Europe was 18%, North America was 14%. The top 5 customers generated approximately 28% of total revenue and no customer was over 10% — non-GAAP gross margin in the first quarter was 26.9% compared with 32.5% in Q4 and 33.8% in Q1 of 2022. For those who prefer to track results on a GAAP basis, gross margin in the first quarter was 26.3% compared with 32.1% in Q4 and 33.6% in Q1 of 2022. Total non-GAAP operating expense in Q1 was $8.7 million. This compares with $9.0 million in Q4 and with $8.6 million in Q1 of 2022.

Product mix is likely to include growth in gallium arsenide substrates and continued weakness in indium phosphide. We expect our non-GAAP net loss will be in the range of $0.10 to $0.12, and our GAAP net loss will be in the range of $0.12 to $0.14. Share count will be approximately 42.7 million shares. Finally, revenue from our two consolidated raw material joint venture companies in Q1 was $5.9 million.

We got — we used to deliver thousands of wafer per month. But we’ve got to wait the other months or so to see how sustainable it is. In closing, though a softening of the macro environment will continue to impact growth near term. The trend that we have driven our revenue and customer expansion remains very much intact.

Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. Morningstar Quantitative ratings for equities are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings.

Only 4 people have searched for is bbb worth itI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days. MarketBeat has tracked 14 news articles for AXT this week, compared to 2 articles on an average week. AXT has a short interest ratio (“days to cover”) of 4.8. Represents the company’s profit divided by the outstanding shares of its common stock.