AXT, Inc. (NASDAQ:AXTI) Stock Holdings Lifted by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC lifted its position in shares of AXT, Inc. (NASDAQ:AXTI - Free Report) by 65.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,937,424 shares of the semiconductor company's stock after purchasing an additional 766,122 shares during the period. Pacific Ridge Capital Partners LLC owned about 4.33% of AXT worth $4,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Empowered Funds LLC increased 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 purchasing an additional 7,165 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in AXT in the fourth quarter valued at $29,000. Geode Capital Management LLC boosted its stake in AXT by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 464,022 shares of the semiconductor company's stock valued at $1,123,000 after acquiring an additional 7,577 shares during the last quarter. Barclays PLC bought a new stake in shares of AXT in the 3rd quarter worth about $85,000. Finally, White Pine Capital LLC lifted its holdings in AXT by 0.8% during the 4th quarter. White Pine Capital LLC now owns 668,499 shares of the semiconductor company's stock worth $1,451,000 after buying an additional 5,246 shares during the last quarter. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

AXT Price Performance

Shares of AXTI traded down $0.11 during trading hours on Monday, reaching $1.38. 289,609 shares of the company's stock traded hands, compared to its average volume of 638,897. The firm has a market capitalization of $62.70 million, a price-to-earnings ratio of -4.91 and a beta of 2.17. The business's fifty day simple moving average is $1.87 and its two-hundred day simple moving average is $2.12. AXT, Inc. has a twelve month low of $1.29 and a twelve month high of $4.99.

Remove Ads

AXT (NASDAQ:AXTI - Get Free Report) last released 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). The company had revenue of $25.11 million for the quarter, compared to the consensus estimate of $23.94 million. AXT had a negative return on equity of 5.27% and a negative net margin of 11.70%. On average, equities research analysts expect that AXT, Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AXTI. Wedbush restated an "outperform" rating and set a $4.50 price objective (down from $5.50) on shares of AXT in a research note on Friday, February 21st. B. Riley reiterated a "buy" rating and set a $6.00 price target (up from $5.50) on shares of AXT in a research report on Friday, February 21st. Needham & Company LLC restated a "buy" rating and set a $5.00 price objective on shares of AXT in a research note on Friday, February 21st. Finally, StockNews.com raised shares of AXT to a "sell" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat, AXT has an average rating of "Moderate Buy" and an average target price of $5.10.

AXT 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.