AXT Inc (NASDAQ:AXTI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.31 and traded as high as $5.45. AXT shares last traded at $5.23, with a volume of 747,219 shares traded.
Analyst Ratings Changes
AXTI has been the topic of a number of research reports. B. Riley reduced their target price on shares of AXT from $4.50 to $4.30 and set a "buy" rating on the stock in a research report on Thursday, July 10th. Wedbush reduced their target price on shares of AXT from $4.25 to $4.10 and set an "outperform" rating on the stock in a research report on Friday, August 1st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AXT in a research report on Wednesday. Four investment 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, AXT presently has an average rating of "Moderate Buy" and an average target price of $4.60.
Check Out Our Latest Research Report on AXTI
AXT Stock Down 1.5%
The stock's 50 day moving average price is $3.42 and its 200-day moving average price is $2.31. The stock has a market capitalization of $241.23 million, a P/E ratio of -9.51 and a beta of 2.26.
Hedge Funds Weigh In On AXT
Hedge funds and other institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its stake in AXT by 12.4% in the third quarter. Assenagon Asset Management S.A. now owns 22,952 shares of the semiconductor company's stock valued at $103,000 after acquiring an additional 2,540 shares in the last quarter. Acadian Asset Management LLC boosted its stake in AXT by 2.8% in the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company's stock valued at $412,000 after acquiring an additional 8,039 shares in the last quarter. Atlas Brown Inc. boosted its stake in AXT by 100.0% in the second 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. XTX Topco Ltd acquired a new stake in shares of AXT during the second quarter worth $42,000. Finally, Algert Global LLC purchased a new stake in shares of AXT during the first quarter valued at $31,000. 49.52% of the stock is currently owned by institutional investors.
About AXT
(
Get Free Report)
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.
Further Reading
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