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

AXT, Inc. (NASDAQ:AXTI) has received an average rating of “Buy” from the five analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have covered the stock in the last year is $5.10.

Several research firms have recently commented on AXTI. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 target price on shares of AXT in a report on Friday, February 21st. StockNews.com upgraded AXT to a “sell” rating in a research note on Thursday, March 27th. B. Riley reiterated a “buy” rating and issued a $6.00 target price (up from $5.50) on shares of AXT in a research note on Friday, February 21st. Finally, Wedbush restated an “outperform” rating and set a $4.50 price target (down previously from $5.50) on shares of AXT in a research report on Friday, February 21st.

AXT Trading Down 10.8 %

AXTI stock opened at $1.24 on Monday. The firm has a market cap of $56.54 million, a P/E ratio of -4.43 and a beta of 2.36. The stock’s 50 day simple moving average is $1.79 and its 200 day simple moving average is $2.09. AXT has a 12-month low of $1.18 and a 12-month high of $4.23.

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

Institutional Investors Weigh In On AXT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC increased its stake 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 valued at $4,204,000 after buying an additional 766,122 shares during the period. Systematic Financial Management LP boosted its holdings in shares of AXT by 5.0% in 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 acquiring an additional 74,211 shares in the last quarter. Kennedy Capital Management LLC increased 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 during the period. White Pine Capital LLC raised its holdings in AXT by 0.8% during the fourth quarter. White Pine Capital LLC now owns 668,499 shares of the semiconductor company’s stock worth $1,451,000 after purchasing an additional 5,246 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in AXT by 18.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 606,365 shares of the semiconductor company’s stock worth $1,316,000 after purchasing an additional 96,195 shares during the period. 49.52% of the stock is currently owned by institutional investors.

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.