AXT, Inc.: Downgrading On Limited Visibility And Early Cracks In The AI Story [Seeking Alpha]
AXT Inc (AXTI)
Last axt inc earnings: 4/22 04:05 pm
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US:NASDAQ Investor Relations:
axt.com
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Source: Seeking Alpha
Semiconductor substrate provider AXT, Inc. reported better-than-expected Q2/2024 results, with both revenues and profitability coming in ahead of consensus estimates. Strong sequential growth in gallium arsenide and germanium substrate sales were partially offset by a decrease in indium phosphide revenues. However, Q3 guidance came in below consensus expectations due to an anticipated sequential decline in substrate revenues. While the company looks cheap following Friday's selloff, limited visibility and a rather lumpy AI revenue ramp are likely to keep the stock in the penalty box for at least the next couple of months. Given these issues, I am downgrading the company's stock from "Buy" to "Hold". Just_Super/iStock via Getty Images Note: I have covered AXT, Inc. or "AXT" ( NASDAQ: AXTI ) previously, so investors should view this as an update to my earlier articles on the company. Last week, semiconductor substrate provider AXT, Inc. reported better-than-expected Q2/
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AXTI
News
- AXT INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates the Officers and Directors of AXT, Inc. - AXTIBusiness Wire
- AXT ALERT: Bragar Eagel & Squire, P.C. is Investigating AXT, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- AXT, Inc. Announces Financial Conference Participation for the Third Quarter 2024Business Wire
- AXT (AXTI) Upgraded to Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance
- With 60% ownership of the shares, AXT, Inc. (NASDAQ:AXTI) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
AXTI
Earnings
- 8/1/24 - Beat
AXTI
Sec Filings
- 8/22/24 - Form 4
- 8/22/24 - Form 4
- 8/16/24 - Form S-8
- AXTI's page on the SEC website