Y | --- | --- | |-------|------------------------------------------------| | | | | | Exhibit 99.1 | | | AXT, Inc. First Quarter 2024 Results | | | May 2, 2024 | | | Page 1 of 7 | AXT, Inc. Announces First Quarter 2024 Financial Results Revenue Grows 11% Quarter to Quarter; Indium Phosphide up 48% FREMONT, Calif., May 2, 2024 – AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor wafer substrates, today reported financial results for the first quarter, ended March 31, 2024. Management ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about AXT (AXTI) .AXT currently has an average brokerage recommendation (ABR) of 1.20, on a scale of ...

AXT (AXTI) ended the recent trading session at $2.82, demonstrating a +1.81% swing from the preceding day's closing price. This change outpaced the S&P 500's 0.87% gain on the day. On the other hand, the Dow registered a gain of 0.67%, and the technology-centric Nasdaq increased by 1.11%.The the stock of semiconductor materials supplier has fallen by 44.04% in the past month, lagging the Computer and Technology sector's loss of 5.98% and the S&P 500's loss of 3.97%.Market participants will be closely follow ...

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. AXT (AXTI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Computer and Technology peers, we might be able to answer that question.AXT is a member of our Computer and Technology group, which in ...

In the latest market close, AXT (AXTI) reached $2.94, with a +1.03% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.22%. Meanwhile, the Dow gained 0.06%, and the Nasdaq, a tech-heavy index, lost 0.52%.Coming into today, shares of the semiconductor materials supplier had lost 41.68% in the past month. In that same time, the Computer and Technology sector lost 1.64%, while the S&P 500 lost 1.66%.The investment community will be paying close attention to the earnings per ...

In the latest market close, AXT (AXTI) reached $3.72, with a +0.54% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.74%. Elsewhere, the Dow saw a downswing of 0.01%, while the tech-heavy Nasdaq appreciated by 1.68%.Shares of the semiconductor materials supplier have depreciated by 21.78% over the course of the past month, underperforming the Computer and Technology sector's gain of 0.95% and the S&P 500's gain of 0.8%.The investment community will be ...

NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against AXT, Inc. ("AXT" or the "Company") (NASDAQ:AXTI). The investigation concerns whether AXT and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On April 4, 2024, J Capital Research published a report alleging that while AXT announced that it would be listing its prim ...

FREMONT, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it expects to report revenue in the range of $22.4 to $22.7 million for the first quarter ended March 31, 2024, exceeding the company's prior guidance for the first quarter of 2024 of $20 million to $22 million. This reflects growth in demand for both indium phosphide and gallium arsenide substrates for a variety of applications, including artifici ...

FREMONT, Calif., April 08, 2024 (GLOBE NEWSWIRE) -- AXT, Inc. (NasdaqGS: AXTI), a leading manufacturer of compound semiconductor substrates, today announced that it expects to report revenue in the range of $22.4 to $22.7 million for the first quarter ended March 31, 2024, exceeding the company’s prior guidance for the first quarter of 2024 of $20 million to $22 million. This reflects growth in demand for both indium phosphide and gallium arsenide substrates for a variety of applications, including artifici ...

ATLANTA, April 05, 2024 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether AXT, Inc. ("AXT" or the "Company") (NASDAQ:AXTI) complied with federal securities laws. On April 4, 2024, J Capital Research published a report alleging, among other things, that AXT conducts most of its business operations through a subsidiary in China, that AXT wants to list that subsidiary in China but the IPO apparently has been blocked by Chinese regulators, and that J Capital Research has "uncovered a deluge of r ...