AXT Inc (NASDAQ:AXTI) Receives Consensus Rating of “Hold” from Analysts

by · The Markets Daily

Shares of AXT Inc (NASDAQ:AXTI – Get Free Report) have been assigned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.75.

Several research analysts have weighed in on AXTI shares. Needham & Company LLC upped their price objective on shares of AXT from $5.00 to $10.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AXT in a research note on Wednesday, October 8th. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Northland Securities set a $20.00 target price on AXT in a research note on Monday, December 22nd. Finally, Wedbush set a $7.00 price target on AXT and gave the stock an “outperform” rating in a research note on Wednesday, October 29th.

View Our Latest Analysis on AXTI

AXT Trading Up 16.4%

Shares of AXT stock opened at $25.72 on Friday. AXT has a 1 year low of $1.13 and a 1 year high of $26.66. The company has a market cap of $1.42 billion, a P/E ratio of -49.46 and a beta of 1.94. The stock has a 50-day moving average price of $14.37 and a 200 day moving average price of $7.42.

AXT (NASDAQ:AXTI – Get Free Report) last released its earnings results on Thursday, October 30th. The semiconductor company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.08. The company had revenue of $27.96 million for the quarter, compared to analysts’ expectations of $19.85 million. AXT had a negative return on equity of 11.19% and a negative net margin of 25.22%. On average, equities analysts forecast that AXT will post -0.12 earnings per share for the current fiscal year.

Insider Activity at AXT

In other AXT news, Director Leonard J. Leblanc sold 3,637 shares of AXT stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $8.41, for a total value of $30,587.17. Following the completion of the sale, the director directly owned 118,875 shares in the company, valued at $999,738.75. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Morris S. Young sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $8.65, for a total transaction of $692,000.00. Following the completion of the sale, the chief executive officer directly owned 2,439,490 shares of the company’s stock, valued at $21,101,588.50. This represents a 3.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 326,767 shares of company stock valued at $3,329,808. 8.80% of the stock is currently owned by corporate insiders.

Institutional Trading of AXT

Several large investors have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. lifted its stake in shares of AXT by 75.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 530,269 shares of the semiconductor company’s stock valued at $748,000 after buying an additional 227,333 shares during the period. Atlas Brown Inc. raised its holdings in AXT by 100.0% in the 2nd quarter. Atlas Brown Inc. now owns 39,150 shares of the semiconductor company’s stock valued at $82,000 after acquiring an additional 19,575 shares in the last quarter. White Pine Capital LLC lifted its position in shares of AXT by 2.8% in the 2nd quarter. White Pine Capital LLC now owns 860,411 shares of the semiconductor company’s stock worth $1,798,000 after acquiring an additional 23,467 shares during the period. XTX Topco Ltd acquired a new stake in shares of AXT during the 2nd quarter worth approximately $42,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of AXT during the third quarter valued at approximately $145,000. 49.52% of the stock is owned by institutional investors.

About AXT

(Get Free Report)

AXT, Inc (NASDAQ: AXTI) is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.

AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.

Featured Articles