AXT Inc (NASDAQ:AXTI - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.78 and traded as high as $2.17. AXT shares last traded at $2.15, with a volume of 185,468 shares changing hands.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on AXTI shares. Wedbush restated an "outperform" rating and issued a $4.50 price target on shares of AXT in a research note on Tuesday, April 29th. Wall Street Zen upgraded shares of AXT to a "sell" rating in a research note on Friday, April 25th. Finally, B. Riley cut their target price on shares of AXT from $6.00 to $4.50 and set a "buy" rating on the stock in a research report on Friday, May 2nd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, AXT has an average rating of "Moderate Buy" and an average price target of $4.75.
View Our Latest Stock Analysis on AXT
AXT Trading Up 3.9%
The firm's 50-day moving average is $1.73 and its 200 day moving average is $1.78. The firm has a market capitalization of $108.07 million, a price-to-earnings ratio of -5.51 and a beta of 2.07.
AXT (NASDAQ:AXTI - Get Free Report) last posted its 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 predict that AXT Inc will post -0.12 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in AXT during the 1st quarter worth approximately $31,000. Virtu Financial LLC bought a new position in AXT during the 4th quarter worth approximately $54,000. Jane Street Group LLC bought a new position in AXT during the 4th quarter worth approximately $60,000. Man Group plc bought a new position in AXT during the 4th quarter worth approximately $67,000. Finally, Wedbush Securities Inc. raised its holdings in AXT by 71.9% during the 4th quarter. Wedbush Securities Inc. now owns 35,237 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 14,737 shares during the last quarter. Institutional investors own 49.52% of the company's stock.
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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