Several other equities analysts have also commented on the company. B. Riley reissued a buy rating and issued a $8.25 target price on shares of AXT in a report on Monday, February 27th. Zacks Investment Research raised AXT from a hold rating to a buy rating and set a $8.50 target price on the stock in a report on Friday, February 24th. Finally, Dougherty & Co began coverage on AXT in a report on Monday, February 13th. They issued a buy rating and a $8.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. AXT presently has an average rating of Buy and an average target price of $7.80.
AXT (NASDAQ:AXTI) opened at 5.75 on Thursday. The firm has a market cap of $188.07 million, a PE ratio of 33.82 and a beta of 1.25. The stock has a 50 day moving average price of $6.64 and a 200 day moving average price of $5.50. AXT has a one year low of $2.43 and a one year high of $8.65.
AXT (NASDAQ:AXTI) last posted its earnings results on Wednesday, February 22nd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $20.30 million for the quarter, compared to analyst estimates of $19.09 million. AXT had a return on equity of 1.62% and a net margin of 2.75%. AXT’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Equities research analysts expect that AXT will post $0.19 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of the stock. Friess Associates LLC acquired a new position in AXT during the fourth quarter valued at approximately $588,000. GSA Capital Partners LLP raised its position in shares of AXT by 189.6% in the fourth quarter. GSA Capital Partners LLP now owns 58,500 shares of the company’s stock valued at $281,000 after buying an additional 38,300 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of AXT during the fourth quarter valued at about $108,000. Renaissance Technologies LLC raised its position in shares of AXT by 0.7% in the fourth quarter. Renaissance Technologies LLC now owns 918,834 shares of the company’s stock valued at $4,410,000 after buying an additional 6,738 shares during the last quarter. Finally, Allianz Asset Management AG purchased a new position in shares of AXT during the fourth quarter valued at about $886,000. 46.97% of the stock is currently owned by hedge funds and other institutional investors.
AXT Company Profile
AXT, Inc (AXT) is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
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