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

Shares of AXT, Inc. (NASDAQ:AXTI) have earned an average rating of “Buy” from the five research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.10.

AXTI has been the subject of several recent research reports. B. Riley reiterated a “buy” rating and issued a $6.00 price target (up previously from $5.50) on shares of AXT in a research report on Friday, February 21st. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of AXT in a research report on Friday, February 21st. Finally, Wedbush reissued an “outperform” rating and issued a $4.50 price objective (down previously from $5.50) on shares of AXT in a research note on Friday, February 21st.

Institutional Trading of AXT

Several institutional investors have recently added to or reduced their stakes in AXTI. Pacific Ridge Capital Partners LLC raised its stake in shares of AXT by 65.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,937,424 shares of the semiconductor company’s stock valued at $4,204,000 after acquiring an additional 766,122 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of AXT during the fourth quarter valued at approximately $628,000. Systematic Financial Management LP raised its stake in shares of AXT by 13.0% during the third quarter. Systematic Financial Management LP now owns 1,477,169 shares of the semiconductor company’s stock valued at $3,575,000 after acquiring an additional 169,406 shares in the last quarter. Kennedy Capital Management LLC raised its stake in shares of AXT by 13.1% during the fourth 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 in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in shares of AXT by 18.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 606,365 shares of the semiconductor company’s stock valued at $1,316,000 after acquiring an additional 96,195 shares in the last quarter. Institutional investors own 49.52% of the company’s stock.

AXT Trading Up 0.6 %

AXTI opened at $1.56 on Thursday. The firm has a market cap of $69.81 million, a P/E ratio of -5.57 and a beta of 2.08. AXT has a 12 month low of $1.29 and a 12 month high of $5.64. The stock has a 50-day moving average of $2.07 and a 200 day moving average of $2.24.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.08). The company had revenue of $25.11 million during the quarter, compared to analysts’ expectations of $23.94 million. AXT had a negative return on equity of 5.27% and a negative net margin of 11.70%. On average, research analysts forecast that AXT will post -0.12 earnings per share for the current fiscal year.

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.