AXT (NASDAQ:AXTI) Upgraded by StockNews.com to Sell Rating

StockNews.com upgraded shares of AXT (NASDAQ:AXTI) to a sell rating in a research report sent to investors on Thursday.

A number of other research firms also recently weighed in on AXTI. Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of AXT in a report on Friday, February 21st. Wedbush reaffirmed an “outperform” rating and set a $4.50 price target (down from $5.50) on shares of AXT in a research report on Friday, February 21st. Finally, B. Riley reissued a “buy” rating and issued a $6.00 price objective (up previously from $5.50) on shares of AXT in a report on Friday, February 21st. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $5.10.

AXT Stock Down 2.5 %

AXT stock opened at $1.55 on Thursday. The company’s 50-day moving average price is $1.89 and its two-hundred day moving average price is $2.13. The stock has a market cap of $70.68 million, a P/E ratio of -5.54 and a beta of 2.17. AXT has a twelve month low of $1.29 and a twelve month high of $4.99.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AXTI. Canandaigua National Bank & Trust Co. bought a new position in AXT in the 4th quarter valued at about $28,000. Bleakley Financial Group LLC acquired a new stake in shares of AXT during the 4th quarter worth approximately $29,000. Atlas Brown Inc. bought a new position in AXT in the fourth quarter valued at approximately $42,000. Virtu Financial LLC acquired a new position in AXT during the fourth quarter valued at approximately $54,000. Finally, Jane Street Group LLC bought a new stake in AXT during the fourth quarter worth $60,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

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.