StockIceMan's Weekly Stock Pick
Week of
March 19, 2007
| Stock: |
AXT, Inc. |
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| Ticker Symbol: |
AXTI - Nasdaq - Semiconductors |
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| Buy: |
4.50 to 5.00 |
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| Sell: |
8.00 |
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Info: |
AXT, Inc. engages in the
design, development, manufacture, and
distribution of compound and single element
semiconductor substrates for use in wireless
communications, lighting display applications,
and fiber optic communications. The company's
vertical gradient freeze crystal growth
technology is used in manufacturing gallium
arsenide substrates, as well as indium phosphide
and germanium substrates. Gallium arsenide
substrates are used in cellular phones, direct
broadcast television, transistors, and satellite
communications, as well as in LEDs, lasers, and
optical couplers. Indium phosphide substrates
are used in fiber optic communications,
satellite communications, transistors, lasers,
and automotive collision avoidance radars.
Germanium substrates are used in satellite solar
cells. AXT also manufactures and sells raw
materials related to its substrate business
through five joint ventures located in China.
The joint ventures produce products, including
gallium, arsenic, germanium, germanium dioxide,
paralytic boron nitride crucibles, and boron
oxide. The company sells its substrate products
through its direct sales force in the United
States, as well as through independent sales
representatives in France, Germany, Japan, South
Korea, Taiwan, and the United Kingdom. AXT,
formerly known as American Xtal Technology,
Inc., was founded in 1986 and changed its name
to AXT, Inc. in 2000. The company is
headquartered in Fremont, California. |
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| Financial Info: |
For the fiscal year ended
12/312006, revenues increased 67% to $44.4
million. Net income from continuing operations
totaled $926,000 versus a loss of $12.8 million. |
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| Key Ratios: |
Current
Ratio: 9.562, Total Debt/Equity: 0.09, Trailing
P/E: 132.37x, Forward P/E: 22.86x, Price/Book:
1.49, Price/Sales: 2.61 |
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| Share Info: |
There are 23.25
million shares outstanding with 21.54
million shares in the trading
float. Institutions own
approximately 53.60% of the shares outstanding.
There have been no insider purchases or sales totaling in the last six months.
Real-Time SEC
Filings
As of 2/12/2007, there were 402,670 shares short.
Net Institutional Buying: 5.74 million shares prior to latest
quarter. |
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| Articles: |
Coverage initiated on AXT
Inc by Northland Securities
AXT, Inc. Announces
Profitability for the Fourth Quarter and Fiscal
2006 |
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