AXT, Inc. (NASDAQ:AXTI - Get Free Report) has received an average rating of "Buy" from the five ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is $5.20.
Several brokerages recently issued reports on AXTI. Northland Securities cut their price objective on shares of AXT from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. Needham & Company LLC reissued a "buy" rating and set a $5.00 price objective on shares of AXT in a report on Friday, November 1st. Finally, Wedbush reissued an "outperform" rating and set a $5.50 price objective on shares of AXT in a report on Friday, February 7th.
View Our Latest Stock Report on AXT
Institutional Investors Weigh In On AXT
Several institutional investors have recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC boosted its stake in AXT by 65.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,937,424 shares of the semiconductor company's stock valued at $4,204,000 after acquiring an additional 766,122 shares in the last quarter. Virtu Financial LLC acquired a new stake in AXT in the fourth quarter valued at approximately $54,000. White Pine Capital LLC boosted its stake in AXT by 0.8% in the fourth quarter. White Pine Capital LLC now owns 668,499 shares of the semiconductor company's stock valued at $1,451,000 after acquiring an additional 5,246 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of AXT by 5.2% during the fourth quarter. Empowered Funds LLC now owns 145,664 shares of the semiconductor company's stock worth $316,000 after buying an additional 7,165 shares during the period. Finally, Bleakley Financial Group LLC acquired a new stake in shares of AXT during the fourth quarter worth $29,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.
AXT Stock Up 5.1 %
AXTI stock traded up $0.10 during trading on Friday, hitting $2.05. 243,541 shares of the company's stock traded hands, compared to its average volume of 259,364. The firm has a market capitalization of $91.74 million, a P/E ratio of -8.20 and a beta of 2.08. The business has a fifty day simple moving average of $2.18 and a two-hundred day simple moving average of $2.33. AXT has a 1 year low of $1.73 and a 1 year high of $5.64.
AXT Company Profile
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Get Free ReportAXT, 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.
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