AXT (NASDAQ:AXTI) Given "Outperform" Rating at Wedbush

AXT (NASDAQ:AXTI - Get Free Report)'s stock had its "outperform" rating reiterated by equities research analysts at Wedbush in a report issued on Tuesday,RTT News reports. They presently have a $4.50 price target on the semiconductor company's stock. Wedbush's price target suggests a potential upside of 229.19% from the company's current price.

AXTI has been the subject of a number of other research reports. B. Riley reissued a "buy" rating and set a $6.00 target price (up previously from $5.50) on shares of AXT in a report on Friday, February 21st. Needham & Company LLC reiterated a "buy" rating and issued a $5.00 price objective on shares of AXT in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of AXT to a "sell" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $5.13.

AXT Trading Down 3.0 %

AXTI stock traded down $0.04 during midday trading on Tuesday, reaching $1.37. 59,349 shares of the company's stock traded hands, compared to its average volume of 467,816. AXT has a 52-week low of $1.13 and a 52-week high of $4.23. The stock has a market cap of $62.33 million, a P/E ratio of -4.89 and a beta of 2.36. The stock's 50-day moving average is $1.48 and its 200 day moving average is $1.95.

AXT (NASDAQ:AXTI - Get Free Report) last released its earnings results 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). The business had revenue of $25.11 million during the quarter, compared to analysts' expectations of $23.94 million. AXT had a negative return on equity of 5.27% and a negative net margin of 11.70%. As a group, research analysts expect that AXT will post -0.12 EPS for the current fiscal year.

Institutional Trading of AXT

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC acquired a new stake in AXT in the 3rd quarter valued at approximately $85,000. Geode Capital Management LLC increased its stake in shares of AXT by 1.7% in 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. Canandaigua National Bank & Trust Co. acquired a new stake in AXT during the fourth quarter worth approximately $28,000. Atlas Brown Inc. acquired a new position in shares of AXT during the fourth quarter worth approximately $42,000. Finally, Bleakley Financial Group LLC bought a new position in shares of AXT during the fourth quarter valued at about $29,000. Institutional investors and hedge funds 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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