Equity Insight: Indicator Review For AXT Inc. (AXTI)

For Immediate Release

Chicago, IL –March 17, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include 

Broadcom (NASDAQ:

AVGO – Free Report ),

Applied Optoelectronics Inc. (NASDAQ:

AAOI – Free Report ),

Skyworks Solutions (NASDAQ:

SWKS – Free Report ),

AXT Inc. (NASDAQ:

AXTI – Free Report ) and

Pixelworks Inc. (NASDAQ:

PXLW – Free Report ).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free

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Here are highlights from Thursday’s Analyst Blog:

Broadcom and 4 Others Semiconductors Set to Outperform

The technology sector has been one of the brighter spots for investors so far this year. We note that the Technology Select Sector SPDR ETF has gained 10.4% year to date, which is much better than S&P 500’s increase of 6.5%. The technology heavy Nasdaq has gained 9.6% during the year-to-date timeframe.

The preference for technology space is primarily driven by its dynamic nature. It is expected to grow faster than ever before on the back of emerging technologies like Internet of Things (IoT), Big Data, 5G connectivity, Autonomous Car and the ubiquitous Cloud Computing. Therefore, if you invest right, you can reap the benefits over time.

Among the 11-sub industries in the broader technology sector, the semiconductor industry has been one of the outperformers so far this year. We note that iShares PHLX Semiconductor ETF has gained 11% year-to-date, driven by strong earnings results from well-known names like Broadcom (NASDAQ:

AVGO – Free Report ) and others.

In fact, the forecast for the upcoming first quarter is significantly positive. As per the latest Earnings Trend , the technology sector is poised to grow 10.2% from the prior comparable period. We believe that increasing demand for high computational chips that are the building blocks of cloud computing, big data and artificial intelligence (AI) will drive growth going ahead.

Why Broadcom?

Broadcom has been one of the most consistent performers in the semiconductor industry. Shares have increased almost 27% on a year-to-date basis, a much better performance than NVIDIA and Intel, which are down 3.9% and 3.2%, respectively. Further, the company is outperforming AMD stock, which is up 23.3% year to date.

The outperformance is primarily owing to Broadcom’s robust revenue growth and expanding margins. We note that the company has posted positive earnings surprise of 5.95% in the trailing four quarters. (Read More: Broadcom Beats on Q1 Earnings & Revenues; Shares Up )

Per Bloomberg “ The company’s earnings are an indicator of demand across the mobile phone, wireless and fixed-line and computer industries .” With one of the most diversified communications platforms in the industry, Broadcom remains well poised for healthy long-term growth. Over the next 3-5 years, the company’s earnings are anticipated to increase at 13.60% rate.

Broadcom has also witnessed significant earnings estimate revision in the last 30 days. The EPS estimate for the current year increased 6.8% (82 cents) to $12.91 per share over the same period.

4 Other Semiconductors Poised to Outperform

We note that Broadcom has a favorable combination of VGM Score of “B” and Zacks Rank #1 (Strong Buy). You can see

the complete list of today’s Zacks #1 Rank stocks here .

Here we have picked four other stocks from the industry that have performed more-or-less similar to the company and also have the favorable combination of a VGM score of “A” or “B” and Zacks Rank #1 or 2 (Buy).

Applied Optoelectronics Inc. (NASDAQ:

AAOI – Free Report ) sports a VGM score of “A” and a Zacks Rank #1. Current year EPS estimate has soared 76% to $3.14 in the last 30 days.

  • Year-to-date Return : 99.1%
  • Average four-quarter Surprise: 116.49%
  • Long-term EPS Growth Estimate: 18.33%

Skyworks Solutions (NASDAQ:

SWKS – Free Report ) has a VGM score of “A” and a Zacks Rank #2. In the last 30 days, current year EPS estimate has remained steady at $5.82 per share.

  • Year-to-date Return : 31.4%
  • Average four-quarter Surprise: 2.65%
  • Long-term EPS Growth Estimate: 14.44%

AXT Inc. (NASDAQ:

AXTI – Free Report ) has a VGM score of “B” and a Zacks Rank #2. In the last 30 days, the company’s fiscal 2017 EPS estimates have increased a penny to 21 cents per share.

  • Year-to-date Return : 39.6%
  • Average four-quarter Surprise: 118.75%
  • Long-term EPS Growth Estimate: 17.50%

Pixelworks Inc. (NASDAQ:

PXLW – Free Report ) has a VGM score of “B” and a Zacks Rank #2. Current year EPS estimate has advanced a dime to 12 cents per share in the last 30 days.

  • Year-to-date Return : 63.5%
  • Average four-quarter Surprise: 59.36%
  • Long-term EPS Growth Estimate: 20.00%

More Stock News: 8 Companies Verge on Apple-Like Run

Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Broadcom Limited (AVGO): Free Stock Analysis Report

 

Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report

 

Skyworks Solutions, Inc. (SWKS): Free Stock Analysis Report

 

AXT Inc (AXTI): Free Stock Analysis Report

 

Pixelworks, Inc. (PXLW): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

Source : https://finance.yahoo.com/news/zacks-analyst-blog-highlights-broadcom-133001783.html

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