AXT, Inc. (NASDAQ:AXTI) Receives $5.30 Average PT from Analysts

Shares of AXT, Inc. (NASDAQ:AXTI - Get Free Report) have been assigned a consensus rating of "Buy" from the five research firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $5.30.

Several analysts have issued reports on the company. StockNews.com lowered AXT from a "hold" rating to a "sell" rating in a research note on Monday, September 30th. Northland Securities decreased their target price on shares of AXT from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. Needham & Company LLC restated a "buy" rating and set a $5.00 price target on shares of AXT in a research report on Friday, November 1st. Finally, Wedbush reiterated an "outperform" rating and issued a $6.00 price objective on shares of AXT in a report on Monday, July 29th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AXTI. Byrne Asset Management LLC lifted its holdings in shares of AXT by 125.0% during the second quarter. Byrne Asset Management LLC now owns 13,500 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 7,500 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of AXT by 1.7% in the third 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 last quarter. Keystone Wealth Services LLC increased its holdings in shares of AXT by 4.3% during the second quarter. Keystone Wealth Services LLC now owns 202,223 shares of the semiconductor company's stock valued at $684,000 after acquiring an additional 8,333 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of AXT in the 1st quarter worth about $52,000. Finally, Assenagon Asset Management S.A. boosted its stake in AXT by 26.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 63,794 shares of the semiconductor company's stock worth $154,000 after purchasing an additional 13,376 shares in the last quarter. Institutional investors own 49.52% of the company's stock.

AXT Stock Down 1.9 %

Shares of AXTI stock traded down $0.04 during trading on Tuesday, hitting $2.02. The company had a trading volume of 293,470 shares, compared to its average volume of 994,125. The stock's 50-day moving average is $2.30 and its two-hundred day moving average is $2.87. The stock has a market capitalization of $90.40 million, a price-to-earnings ratio of -8.08 and a beta of 2.22. AXT has a 52 week low of $1.73 and a 52 week high of $5.64.

AXT (NASDAQ:AXTI - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $23.65 million for the quarter, compared to analysts' expectations of $25.98 million. AXT had a negative net margin of 10.73% and a negative return on equity of 4.58%. During the same quarter last year, the business posted ($0.14) EPS. On average, research analysts predict that AXT will post -0.22 EPS 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.