AXT, Inc. (NASDAQ:AXTI) Given Average Recommendation of "Buy" by Brokerages

AXT, Inc. (NASDAQ:AXTI - Get Free Report) has been assigned an average recommendation of "Buy" from the five analysts that are presently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $5.10.

AXTI has been the subject of a number of research reports. Needham & Company LLC reiterated a "buy" rating and issued a $5.00 price target on shares of AXT in a research note on Friday, February 21st. B. Riley restated a "buy" rating and issued a $6.00 price objective (up from $5.50) on shares of AXT in a report on Friday, February 21st. Finally, Wedbush restated an "outperform" rating and issued a $4.50 price objective (down from $5.50) on shares of AXT in a report on Friday, February 21st.

Institutional Trading of AXT

Large investors have recently bought and sold shares of the business. Empowered Funds LLC grew its holdings in AXT by 5.2% during the 4th quarter. Empowered Funds LLC now owns 145,664 shares of the semiconductor company's stock worth $316,000 after acquiring an additional 7,165 shares during the period. Bleakley Financial Group LLC acquired a new stake in AXT during the 4th quarter worth about $29,000. Geode Capital Management LLC grew its holdings in AXT by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 464,022 shares of the semiconductor company's stock worth $1,123,000 after acquiring an additional 7,577 shares during the period. Barclays PLC acquired a new stake in AXT during the 3rd quarter worth about $85,000. Finally, Creative Planning acquired a new stake in AXT during the 3rd quarter worth about $127,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

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AXT Stock Performance

Shares of AXTI traded up $0.07 during trading hours on Thursday, reaching $1.62. The stock had a trading volume of 625,836 shares, compared to its average volume of 561,986. AXT has a 12 month low of $1.29 and a 12 month high of $5.64. The stock has a market capitalization of $72.50 million, a PE ratio of -5.79 and a beta of 2.17. The company's 50-day moving average is $2.03 and its two-hundred day moving average is $2.22.

AXT (NASDAQ:AXTI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.08). AXT had a negative net margin of 11.70% and a negative return on equity of 5.27%. The firm had revenue of $25.11 million during the quarter, compared to the consensus estimate of $23.94 million. Equities analysts anticipate that AXT will post -0.12 earnings per share for the current fiscal year.

AXT Company Profile

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.