Aixtron AG (AIXG) Lowered to “Hold” at Zacks Investment Research
Aixtron AG (NASDAQ:AIXG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “AIXTRON AG is a leading provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. Such components are used in fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, signaling and lighting, as well as a range of other leading-edge technologies. AIXTRON AG’s securities are listed on the Prime Standard market segment of the Frankfurt Stock Exchange and, as American Depositary Shares (ADS), on the NASDAQ GLOBAL MARKET, and are included in the TecDAX index, the NASDAQ Composite Index, the MSCI World Small Cap Index and the Nature Stock Index (NAI). Founded in 1983, the Company is headquartered in Aachen, Germany. “
Separately, DZ Bank AG restated a “sell” rating on shares of Aixtron AG in a research report on Friday, August 12th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.67.
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Aixtron AG (NASDAQ:AIXG) traded down 1.72% on Tuesday, reaching $6.27. 14,117 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $6.13 and its 200 day moving average is $5.76. The company’s market cap is $699.72 million. Aixtron AG has a 52 week low of $3.25 and a 52 week high of $8.05.
Aixtron AG (NASDAQ:AIXG) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. Aixtron AG had a negative return on equity of 7.35% and a negative net margin of 16.42%. On average, equities analysts anticipate that Aixtron AG will post ($0.29) earnings per share for the current year.
A hedge fund recently bought a new stake in Aixtron AG stock. Ancora Advisors LLC bought a new position in shares of Aixtron AG (NASDAQ:AIXG) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 45,120 shares of the company’s stock, valued at approximately $274,000. 0.87% of the stock is owned by institutional investors.
About Aixtron AG
AIXTRON SE (AIXTRON) is a provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a range of customers across the world to build components for electronic and opto-electronic applications based on compound, silicon or organic semiconductor materials.
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