AXT (NASDAQ:AXTI) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

AXT Inc (NASDAQ:AXTI - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Analysts Set New Price Targets

A number of research firms have issued reports on AXTI. B. Riley cut their price target on 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 raised shares of AXT to a "sell" rating in a research note on Friday, April 25th. Finally, Wedbush restated an "outperform" rating and issued a $4.50 price target on shares of AXT in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $4.75.

AXT Trading Up 3.1%

The firm has a market cap of $97.81 million, a price-to-earnings ratio of -4.99 and a beta of 2.07. The firm's 50-day moving average is $1.69 and its 200-day moving average is $1.78.

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 forecast that AXT Inc will post -0.12 EPS for the current fiscal year.

Institutional Trading of AXT

Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its position in shares of AXT by 2.8% during the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company's stock valued at $412,000 after buying an additional 8,039 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in AXT by 75.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 530,269 shares of the semiconductor company's stock valued at $748,000 after acquiring an additional 227,333 shares in the last quarter. Algert Global LLC purchased a new position in AXT during the 1st quarter worth $31,000. GSA Capital Partners LLP boosted its holdings 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 acquiring an additional 160,858 shares during the last quarter. Finally, Park Edge Advisors LLC grew its stake in shares of AXT by 25.1% in the 1st quarter. Park Edge Advisors LLC now owns 62,500 shares of the semiconductor company's stock worth $88,000 after acquiring an additional 12,550 shares in the last quarter. 49.52% of the stock is owned by hedge funds and other institutional investors.

About AXT

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.