AXT Inc (NASDAQ:AXTI - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.84 and traded as high as $3.29. AXT shares last traded at $3.08, with a volume of 739,850 shares.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on AXTI. Wedbush decreased their price objective on AXT from $4.25 to $4.10 and set an "outperform" rating on the stock in a report on Friday, August 1st. B. Riley cut their price target on AXT from $4.50 to $4.30 and set a "buy" rating for the company in a report on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, AXT currently has an average rating of "Buy" and a consensus target price of $4.60.
Get Our Latest Analysis on AXT
AXT Price Performance
The business has a fifty day moving average of $2.40 and a 200 day moving average of $1.85. The stock has a market capitalization of $146.20 million, a price-to-earnings ratio of -5.79 and a beta of 2.10.
Institutional Investors Weigh In On AXT
A number of institutional investors have recently modified their holdings of AXTI. XTX Topco Ltd acquired a new stake in shares of AXT in the 2nd quarter worth approximately $42,000. White Pine Capital LLC lifted its holdings in shares of 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. Creative Planning acquired a new stake in AXT in the 2nd quarter valued at about $86,000. Atlas Brown Inc. grew its holdings in AXT by 100.0% during the second quarter. Atlas Brown Inc. now owns 39,150 shares of the semiconductor company's stock valued at $82,000 after purchasing an additional 19,575 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of AXT by 2.8% in the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company's stock worth $412,000 after purchasing an additional 8,039 shares in the last quarter. Institutional investors own 49.52% of the company's stock.
AXT Company Profile
(
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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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