AXT stock falls 15.4% after Q3 revenue misses expectations

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Axt Intrinsic Value – AXT ($NASDAQ:AXTI) Inc. is a leading manufacturer of advanced semiconductor materials. The company’s stock fell sharply on Monday after it reported preliminary revenue for the third quarter that missed expectations. AXTI attributed the weak performance to macroeconomic conditions, particularly in China. The company said that it anticipates preliminary revenue for the third quarter to be in the range of $34-$35 million, which is below its previous guidance of $39-$41 million.

The weak guidance sent AXTI shares tumbling 15.4% on Monday. Despite the disappointing quarterly results, AXTI remains a solid long-term investment. The company is a leader in its industry and is well-positioned to benefit from the continued growth of the semiconductor market. For investors willing to stomach some volatility, AXTI stock offers an attractive risk/reward proposition.

Stock Price

AXT Inc. is a semiconductor company that manufactures and sells compound and single element semiconductor substrates. The company’s stock fell 15.4% on Tuesday after it reported revenue for the third quarter that missed expectations. At the time of this writing, most news coverage on AXT is negative. The company attributed the miss to lower than expected shipments of its substrates to a customer in the wireless communications market. The stock has come under pressure in recent months as the company has missed earnings and revenue estimates in two of the past three quarters. AXT is facing stiff competition in its core market from larger rivals such as Applied Materials and Sumco . Despite the recent pullback, AXT stock is still up nearly 30% year-to-date, thanks to strong growth in the semiconductor industry.

However, with the company missing estimates and facing competition, it remains to be seen if AXT can continue its upward momentum in the coming quarters.

VI Analysis – Axt Intrinsic Value Calculator

AXT, Inc. is a leading international manufacturer of high-performance semiconductor substrates made from compound and single element semiconductor materials. The company’s products are used in a wide range of industries, including telecommunications, computer hardware, high-brightness LEDs, power electronics, and optoelectronics. AXT’s fundamental health is reflected in its long-term potential, as indicated by its VI Line score. The company’s fair value is around $9.5 per share, meaning that it is currently undervalued by 26% at its current price of $7.0 per share.

Summary

AXT, Inc. is a leading manufacturer of high-quality compound semiconductor substrates. They sell their products to manufacturers of fiber optic and electronic devices. AXT stock fell 15.4% after the company reported Q3 revenue that missed expectations. At time of writing, most news coverage is negative.

However, the stock price moved up the same day. Investors may be attracted to AXT because of its strong fundamentals. The company has a history of profitable operations and has a strong balance sheet.

Additionally, AXT has a diversified customer base and a growing market for its products. Despite the recent stock price decline, AXT may be a attractive investment for long-term growth.