Two Sigma Advisers LP Cuts Position in AXT, Inc. (NASDAQ:AXTI)

Two Sigma Advisers LP lowered its position in AXT, Inc. (NASDAQ:AXTI - Free Report) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 674,400 shares of the semiconductor company's stock after selling 174,900 shares during the quarter. Two Sigma Advisers LP owned approximately 1.51% of AXT worth $1,463,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AXTI. Pacific Ridge Capital Partners LLC grew its holdings 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 acquiring an additional 766,122 shares in the last quarter. Systematic Financial Management LP increased its holdings in AXT by 5.0% during the fourth quarter. Systematic Financial Management LP now owns 1,551,380 shares of the semiconductor company's stock valued at $3,366,000 after buying an additional 74,211 shares during the period. Kennedy Capital Management LLC lifted its holdings in AXT by 13.1% during the fourth quarter. Kennedy Capital Management LLC now owns 915,460 shares of the semiconductor company's stock worth $1,987,000 after buying an additional 106,121 shares during the period. White Pine Capital LLC boosted its position in AXT by 0.8% during the 4th quarter. White Pine Capital LLC now owns 668,499 shares of the semiconductor company's stock valued at $1,451,000 after acquiring an additional 5,246 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in shares of AXT by 18.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 606,365 shares of the semiconductor company's stock worth $1,316,000 after acquiring an additional 96,195 shares in the last quarter. 49.52% of the stock is owned by institutional investors.

AXT Stock Up 1.2%

Shares of NASDAQ:AXTI traded up $0.02 during trading on Wednesday, hitting $1.75. The stock had a trading volume of 138,512 shares, compared to its average volume of 394,051. AXT, Inc. has a 12-month low of $1.13 and a 12-month high of $4.03. The stock has a market capitalization of $79.58 million, a price-to-earnings ratio of -6.23 and a beta of 1.96. The stock has a 50-day simple moving average of $1.38 and a two-hundred day simple moving average of $1.79.

AXT (NASDAQ:AXTI - Get Free Report) last announced its quarterly earnings data 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 net margin of 11.70% and a negative return on equity of 5.27%. As a group, sell-side analysts forecast that AXT, Inc. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AXTI. Needham & Company LLC restated a "buy" rating and issued a $5.00 price target on shares of AXT in a report on Friday, February 21st. B. Riley lowered their target price on shares of AXT from $6.00 to $4.50 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wedbush reaffirmed an "outperform" rating and set a $4.50 price target on shares of AXT in a research report on Tuesday, April 29th. Finally, Wall Street Zen raised AXT to a "sell" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, AXT currently has an average rating of "Moderate Buy" and a consensus price target of $4.75.

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.