GSA Capital Partners LLP Buys 60,623 Shares of AXT, Inc. (NASDAQ:AXTI)

GSA Capital Partners LLP lifted its stake in shares of AXT, Inc. (NASDAQ:AXTI) by 25.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 301,812 shares of the semiconductor company’s stock after purchasing an additional 60,623 shares during the quarter. GSA Capital Partners LLP owned 0.68% of AXT worth $730,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of AXT in the first quarter worth $77,000. SG Americas Securities LLC bought a new stake in shares of AXT during the 1st quarter valued at about $52,000. State Board of Administration of Florida Retirement System purchased a new position in shares of AXT during the first quarter worth about $93,000. Vanguard Group Inc. grew its holdings in shares of AXT by 0.9% during the first quarter. Vanguard Group Inc. now owns 2,296,204 shares of the semiconductor company’s stock worth $10,540,000 after purchasing an additional 20,747 shares in the last quarter. Finally, Quadrature Capital Ltd increased its position in shares of AXT by 208.6% in the first quarter. Quadrature Capital Ltd now owns 115,388 shares of the semiconductor company’s stock worth $530,000 after purchasing an additional 78,001 shares during the last quarter. Hedge funds and other institutional investors own 49.52% of the company’s stock.

AXT Stock Down 3.7 %

Shares of NASDAQ:AXTI opened at $1.84 on Monday. The company’s fifty day moving average is $2.35 and its 200 day moving average is $2.95. AXT, Inc. has a 52 week low of $1.82 and a 52 week high of $5.64. The stock has a market cap of $82.34 million, a PE ratio of -7.36 and a beta of 2.22.

AXT (NASDAQ:AXTI) last released its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The company had revenue of $23.65 million during the quarter, compared to analysts’ expectations of $25.98 million. AXT had a negative return on equity of 4.58% and a negative net margin of 10.73%. During the same quarter in the prior year, the firm posted ($0.14) EPS. Sell-side analysts anticipate that AXT, Inc. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on AXTI. Wedbush reissued an “outperform” rating and issued a $6.00 price target on shares of AXT in a research note on Monday, July 29th. Northland Securities reduced their target price on AXT from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of AXT in a research note on Friday, November 1st. Finally, StockNews.com lowered AXT from a “hold” rating to a “sell” rating in a research report on Monday, September 30th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.30.

AXT 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.