AXT, Inc. (NASDAQ:AXTI) Given Average Recommendation of “Buy” by Brokerages

AXT, Inc. (NASDAQ:AXTIGet Free Report) has been given an average rating of “Buy” by the five research firms that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokers that have covered the stock in the last year is $5.30.

Several equities research analysts have recently issued reports on the stock. Northland Securities decreased their price objective on shares of AXT from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. StockNews.com downgraded AXT from a “hold” rating to a “sell” rating in a report on Monday, September 30th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of AXT in a report on Friday, November 1st.

View Our Latest Report on AXT

Hedge Funds Weigh In On AXT

Several large investors have recently bought and sold shares of AXTI. Barclays PLC purchased a new stake in AXT in the third quarter valued at approximately $85,000. Geode Capital Management LLC increased its holdings in shares of AXT by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 464,022 shares of the semiconductor company’s stock valued at $1,123,000 after acquiring an additional 7,577 shares during the period. Systematic Financial Management LP raised its position in AXT by 13.0% in the 3rd quarter. Systematic Financial Management LP now owns 1,477,169 shares of the semiconductor company’s stock valued at $3,575,000 after purchasing an additional 169,406 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in AXT by 10.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 606,417 shares of the semiconductor company’s stock worth $1,468,000 after purchasing an additional 54,891 shares during the period. Finally, GSA Capital Partners LLP grew its position in AXT by 25.1% during the 3rd quarter. GSA Capital Partners LLP now owns 301,812 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 60,623 shares during the last quarter. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Price Performance

AXTI stock opened at $2.18 on Friday. AXT has a 1 year low of $1.73 and a 1 year high of $5.64. The firm has a market capitalization of $97.56 million, a P/E ratio of -8.72 and a beta of 2.15. The business’s 50-day moving average is $2.23 and its two-hundred day moving average is $2.71.

AXT (NASDAQ:AXTIGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). AXT had a negative return on equity of 4.58% and a negative net margin of 10.73%. The firm had revenue of $23.65 million during the quarter, compared to analysts’ expectations of $25.98 million. During the same quarter in the prior year, the firm earned ($0.14) EPS. On average, analysts expect that AXT will post -0.22 EPS for the current year.

AXT Company Profile

(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.

Featured Stories

Analyst Recommendations for AXT (NASDAQ:AXTI)

Receive News & Ratings for AXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXT and related companies with MarketBeat.com's FREE daily email newsletter.