GSA Capital Partners LLP Has $752,000 Stake in AXT Inc (NASDAQ:AXTI)

Key Points

• GSA Capital Partners LLP increased its stake in AXT Inc by 43.2%, acquiring an additional 160,858 shares during the 1st quarter, bringing their total to 533,264 shares.
• AXT Inc reported a quarterly loss of ($0.20) per share, missing estimates, with analysts predicting a total of -0.12 earnings per share for the current year.
• Shares of AXT stock are currently trading down 7.7%, with a market cap of $87.55 million and a 12-month price range of $1.13 to $3.16.

GSA Capital Partners LLP raised its holdings in shares of AXT Inc (NASDAQ:AXTI - Free Report) by 43.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 533,264 shares of the semiconductor company's stock after purchasing an additional 160,858 shares during the period. GSA Capital Partners LLP owned 1.17% of AXT worth $752,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. raised its position in shares of AXT by 71.9% in the 4th quarter. Wedbush Securities Inc. now owns 35,237 shares of the semiconductor company's stock valued at $76,000 after acquiring an additional 14,737 shares during the period. Kennedy Capital Management LLC raised its position in shares of AXT by 13.1% in the 4th quarter. Kennedy Capital Management LLC now owns 915,460 shares of the semiconductor company's stock valued at $1,987,000 after acquiring an additional 106,121 shares during the period. Walleye Capital LLC acquired a new stake in shares of AXT in the 4th quarter valued at approximately $145,000. Jane Street Group LLC acquired a new stake in shares of AXT in the 4th quarter valued at approximately $60,000. Finally, Bridgeway Capital Management LLC raised its position in shares of AXT by 2.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 302,964 shares of the semiconductor company's stock valued at $657,000 after acquiring an additional 7,165 shares during the period. 49.52% of the stock is currently owned by institutional investors and hedge funds.

AXT Price Performance

Shares of AXTI traded up $0.19 during mid-day trading on Monday, hitting $2.11. 302,750 shares of the company's stock were exchanged, compared to its average volume of 520,787. The company has a market cap of $96.22 million, a PE ratio of -3.84 and a beta of 2.10. AXT Inc has a 52 week low of $1.13 and a 52 week high of $3.07. The company has a 50-day simple moving average of $2.06 and a 200 day simple moving average of $1.79.

AXT (NASDAQ:AXTI - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.07). AXT had a negative return on equity of 11.19% and a negative net margin of 27.68%. On average, analysts anticipate that AXT Inc will post -0.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen upgraded shares of AXT to a "sell" rating in a report on Friday, April 25th. Wedbush dropped their target price on shares of AXT from $4.25 to $4.10 and set an "outperform" rating on the stock in a report on Friday. Finally, B. Riley dropped their target price on shares of AXT from $4.50 to $4.30 and set a "buy" rating on the stock in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.60.

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.