AXT (NASDAQ:AXTI) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• AXT (NASDAQ:AXTI) received a Sell (D-) rating from Weiss Ratings, signaling concerns about the company's stock performance.
• Despite a sell rating from Weiss, four other analysts have given AXT a Buy rating, with a consensus average target price of $4.60.
• AXT shares traded at $5.31, showing stability amidst fluctuating analyst opinions and a market capitalization of $244.90 million.

AXT (NASDAQ:AXTI - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on AXTI. Wedbush decreased their target price on shares of AXT from $4.25 to $4.10 and set an "outperform" rating on the stock in a research note on Friday, August 1st. B. Riley dropped their target price on AXT from $4.50 to $4.30 and set a "buy" rating for the company in a research report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $4.60.

AXT Price Performance

Shares of AXTI remained flat at $5.31 during midday trading on Wednesday. The stock had a trading volume of 739,296 shares, compared to its average volume of 682,560. The company has a market cap of $244.90 million, a PE ratio of -9.65 and a beta of 2.26. AXT has a one year low of $1.13 and a one year high of $5.67. The company's 50 day moving average price is $3.30 and its two-hundred day moving average price is $2.27.

Institutional Trading of AXT

A number of institutional investors and hedge funds have recently bought and sold shares of AXTI. Jacobs Levy Equity Management Inc. increased its holdings in 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 purchasing an additional 227,333 shares during the period. GSA Capital Partners LLP grew its holdings in AXT by 43.2% during the 1st quarter. GSA Capital Partners LLP now owns 533,264 shares of the semiconductor company's stock worth $752,000 after acquiring an additional 160,858 shares during the period. Creative Planning acquired a new stake in AXT during the 2nd quarter worth about $86,000. White Pine Capital LLC grew its holdings in AXT by 2.8% during 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. Finally, Algert Global LLC acquired a new stake in shares of AXT in the 1st quarter valued at about $31,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

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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