StockNews.com upgraded shares of AXT (NASDAQ:AXTI - Free Report) to a sell rating in a research report sent to investors on Tuesday morning.
AXTI has been the topic of a number of other research reports. B. Riley reaffirmed a "buy" rating and issued a $6.00 price objective (up previously from $5.50) on shares of AXT in a research note on Friday, February 21st. Wedbush reissued an "outperform" rating and issued a $4.50 target price (down from $5.50) on shares of AXT in a report on Friday, February 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $5.00 price target on shares of AXT in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $5.13.
View Our Latest Research Report on AXT
AXT Trading Up 1.7 %
AXTI traded up $0.02 during trading on Tuesday, hitting $1.19. 257,344 shares of the company traded hands, compared to its average volume of 474,024. The company has a market cap of $54.26 million, a PE ratio of -4.25 and a beta of 2.36. The stock's 50-day simple moving average is $1.58 and its two-hundred day simple moving average is $2.00. AXT has a 1 year low of $1.13 and a 1 year high of $4.23.
AXT (NASDAQ:AXTI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.12) earnings per share 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 for the quarter, compared to analysts' expectations of $23.94 million. Equities analysts expect that AXT will post -0.12 EPS for the current year.
Institutional Investors Weigh In On AXT
Institutional investors have recently modified their holdings of the stock. Canandaigua National Bank & Trust Co. purchased a new stake in AXT during the 4th quarter valued at $28,000. Bleakley Financial Group LLC bought a new position in AXT during the fourth quarter valued at $29,000. Atlas Brown Inc. purchased a new stake in shares of AXT in the fourth quarter valued at $42,000. Virtu Financial LLC bought a new stake in shares of AXT in the 4th quarter worth about $54,000. Finally, Jane Street Group LLC bought a new stake in shares of AXT in the 4th quarter worth about $60,000. 49.52% of the stock is owned by institutional investors.
AXT Company Profile
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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.
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