Lowers AXT (NASDAQ:AXTI) to Sell

AXT (NASDAQ:AXTIGet Free Report) was downgraded by analysts at from a “hold” rating to a “sell” rating in a report released on Monday.

Several other equities research analysts also recently commented on the stock. Wedbush restated an “outperform” rating and issued a $6.00 target price on shares of AXT in a research note on Friday, May 3rd. Craig Hallum upped their price objective on shares of AXT from $3.75 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. B. Riley lifted their target price on shares of AXT from $3.80 to $5.50 and gave the company a “buy” rating in a research note on Friday, April 5th. Finally, Needham & Company LLC restated a “buy” rating and set a $5.00 price target on shares of AXT in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from, AXT currently has a consensus rating of “Moderate Buy” and a consensus target price of $5.38.

Read Our Latest Stock Analysis on AXTI

AXT Trading Up 7.1 %

AXTI traded up $0.23 during midday trading on Monday, reaching $3.46. The company’s stock had a trading volume of 320,000 shares, compared to its average volume of 1,847,856. AXT has a twelve month low of $1.89 and a twelve month high of $5.64. The stock has a market cap of $153.62 million, a P/E ratio of -8.65 and a beta of 2.28. The company has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $3.09.

AXT (NASDAQ:AXTIGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. AXT had a negative net margin of 21.01% and a negative return on equity of 7.40%. The business had revenue of $22.69 million for the quarter, compared to the consensus estimate of $21.00 million. During the same quarter last year, the company posted ($0.08) earnings per share. Sell-side analysts expect that AXT will post -0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AXTI. PNC Financial Services Group Inc. increased its stake in shares of AXT by 28.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,200 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 2,500 shares during the period. Byrne Asset Management LLC bought a new position in AXT in the first quarter valued at about $28,000. Brookstone Capital Management acquired a new stake in AXT in the fourth quarter worth about $37,000. Brown Advisory Inc. bought a new stake in AXT during the 4th quarter worth about $50,000. Finally, SG Americas Securities LLC acquired a new position in AXT during the 1st quarter valued at about $52,000. Institutional investors own 49.52% of the company’s stock.

AXT Company Profile

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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.

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