AXT Inc (NASDAQ:AXTI) Receives Average Rating of “Moderate Buy” from Analysts

AXT Inc (NASDAQ:AXTI) has been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $4.60.

Several research firms recently issued reports on AXTI. B. Riley decreased their price objective on shares of AXT from $4.50 to $4.30 and set a “buy” rating for the company in a report on Thursday, July 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AXT in a report on Wednesday. Finally, Wedbush decreased their price objective on shares of AXT from $4.25 to $4.10 and set an “outperform” rating for the company in a report on Friday, August 1st.

Institutional Trading of AXT

A number of hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. boosted its holdings in AXT by 12.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 22,952 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 2,540 shares during the period. XTX Topco Ltd bought a new stake in AXT in the 2nd quarter valued at $42,000. White Pine Capital LLC boosted its holdings in AXT by 2.8% in the 2nd quarter. White Pine Capital LLC now owns 860,411 shares of the semiconductor company’s stock valued at $1,798,000 after purchasing an additional 23,467 shares during the period. Creative Planning bought a new stake in AXT in the 2nd quarter valued at $86,000. Finally, Atlas Brown Inc. boosted its holdings in AXT by 100.0% in the 2nd quarter. Atlas Brown Inc. now owns 39,150 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 19,575 shares during the period. 49.52% of the stock is owned by institutional investors.

AXT Trading Down 1.5%

NASDAQ AXTI opened at $5.23 on Friday. The company has a fifty day simple moving average of $3.42 and a 200 day simple moving average of $2.31. The company has a market cap of $241.23 million, a P/E ratio of -9.51 and a beta of 2.26. AXT has a 1 year low of $1.13 and a 1 year high of $5.67.

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.