Shares of AXT, Inc. (NASDAQ:AXTI – Get Free Report) have earned an average recommendation of “Buy” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.30.
Several equities research analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of AXT in a research note on Friday, November 1st. Northland Securities cut their price objective on AXT from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Finally, StockNews.com downgraded shares of AXT from a “hold” rating to a “sell” rating in a research note on Monday, September 30th.
Check Out Our Latest Stock Report on AXTI
AXT Stock Up 1.5 %
AXT (NASDAQ:AXTI – Get Free Report) last posted its earnings results on Thursday, October 31st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The firm had revenue of $23.65 million during the quarter, compared to analysts’ expectations of $25.98 million. AXT had a negative return on equity of 4.58% and a negative net margin of 10.73%. During the same quarter in the prior year, the company earned ($0.14) earnings per share. Analysts expect that AXT will post -0.22 earnings per share for the current fiscal year.
Institutional Trading of AXT
A number of hedge funds have recently bought and sold shares of the company. Atlas Brown Inc. bought a new stake in shares of AXT in the 4th quarter worth approximately $42,000. Canandaigua National Bank & Trust Co. purchased a new position in AXT in the 4th quarter worth $28,000. Barclays PLC bought a new stake in AXT in the third quarter worth $85,000. Geode Capital Management LLC boosted its position in AXT by 1.7% during the third quarter. Geode Capital Management LLC now owns 464,022 shares of the semiconductor company’s stock valued at $1,123,000 after buying an additional 7,577 shares during the period. Finally, Systematic Financial Management LP grew its stake in shares of AXT by 13.0% during the third quarter. Systematic Financial Management LP now owns 1,477,169 shares of the semiconductor company’s stock valued at $3,575,000 after buying an additional 169,406 shares during the last quarter. Institutional investors own 49.52% of the company’s stock.
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.
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