AXT Inc (NASDAQ:AXTI) Shares Purchased by GSA Capital Partners LLP

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in AXT during the 4th quarter valued at approximately $60,000. Man Group plc purchased a new stake in AXT in the fourth quarter valued at $67,000. Wedbush Securities Inc. grew its position 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 period. Park Edge Advisors LLC raised its stake in shares of AXT by 25.1% during the 1st quarter. Park Edge Advisors LLC now owns 62,500 shares of the semiconductor company's stock valued at $88,000 after buying an additional 12,550 shares during the last quarter. Finally, Formidable Asset Management LLC lifted its holdings in shares of AXT by 40.7% in the 4th quarter. Formidable Asset Management LLC now owns 43,500 shares of the semiconductor company's stock valued at $94,000 after buying an additional 12,575 shares during the period. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AXTI has been the topic of several analyst reports. B. Riley dropped their target price on AXT from $4.50 to $4.30 and set a "buy" rating on the stock in a report on Thursday, July 10th. Wall Street Zen raised shares of AXT to a "sell" rating in a research note on Friday, April 25th. Finally, Wedbush cut their target price on shares of AXT from $4.25 to $4.10 and set an "outperform" rating for the company in a report on Friday, August 1st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $4.60.

AXT Price Performance

NASDAQ AXTI traded down $0.04 during trading hours on Wednesday, reaching $2.02. The company's stock had a trading volume of 122,550 shares, compared to its average volume of 516,084. The firm has a market capitalization of $91.88 million, a price-to-earnings ratio of -3.67 and a beta of 2.10. The company's 50-day moving average is $2.09 and its two-hundred day moving average is $1.79. AXT Inc has a 1-year low of $1.13 and a 1-year high of $3.07.

AXT 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.