AXT (NASDAQ:AXTI) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

AXT Inc (NASDAQ:AXTI - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.79 and traded as high as $2.03. AXT shares last traded at $1.91, with a volume of 220,026 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AXTI. B. Riley reduced their price objective on shares of AXT from $6.00 to $4.50 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wall Street Zen upgraded shares of AXT to a "sell" rating in a research note on Friday, April 25th. Finally, Wedbush reiterated an "outperform" rating and set a $4.50 price target on shares of AXT in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $4.75.

AXT Trading Down 3.7%

The company's 50 day moving average is $1.53 and its 200 day moving average is $1.78. The stock has a market capitalization of $83.90 million, a price-to-earnings ratio of -4.28 and a beta of 1.98.

AXT (NASDAQ:AXTI - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.07). AXT had a negative return on equity of 8.54% and a negative net margin of 19.10%. Analysts anticipate that AXT Inc will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC grew its position in AXT by 65.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,937,424 shares of the semiconductor company's stock worth $4,204,000 after purchasing an additional 766,122 shares during the last quarter. Systematic Financial Management LP grew its position in AXT by 5.0% during the 4th quarter. Systematic Financial Management LP now owns 1,551,380 shares of the semiconductor company's stock worth $3,366,000 after purchasing an additional 74,211 shares during the last quarter. Kennedy Capital Management LLC grew its position in AXT by 13.1% during the 4th quarter. Kennedy Capital Management LLC now owns 915,460 shares of the semiconductor company's stock worth $1,987,000 after purchasing an additional 106,121 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in AXT by 18.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 606,365 shares of the semiconductor company's stock worth $1,316,000 after purchasing an additional 96,195 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position 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 purchasing an additional 160,858 shares during the last quarter. 49.52% of the stock is owned by hedge funds and other institutional investors.

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.