AXT (NASDAQ: AXTI) has recently received a number of price target changes and ratings updates:

  • 8/7/2017 – AXT was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/1/2017 – AXT had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $8.50 price target on the stock.
  • 8/1/2017 – AXT was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/28/2017 – AXT was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the stock. According to Zacks, “AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers. “
  • 7/27/2017 – AXT had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $8.50 price target on the stock.
  • 7/27/2017 – AXT had its price target raised by analysts at BWS Financial from $10.00 to $12.00. They now have a “buy” rating on the stock.
  • 7/21/2017 – AXT had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $7.00 price target on the stock.
  • 7/13/2017 – AXT was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/27/2017 – AXT was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers. “
  • 6/17/2017 – AXT had its “buy” rating reaffirmed by analysts at Dougherty & Co.

AXT Inc (NASDAQ AXTI) traded up 2.58% on Tuesday, reaching $7.95. 906,620 shares of the company’s stock traded hands. AXT Inc has a 12 month low of $3.73 and a 12 month high of $9.50. The firm has a market cap of $304.52 million, a PE ratio of 39.75 and a beta of 1.08. The firm’s 50-day moving average is $7.03 and its 200 day moving average is $6.60.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $23.56 million during the quarter, compared to analysts’ expectations of $22.55 million. AXT had a return on equity of 4.80% and a net margin of 8.15%. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.03 EPS. Equities analysts predict that AXT Inc will post $0.24 EPS for the current year.

In related news, CEO Morris S. Young sold 92,896 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.54, for a total transaction of $793,331.84. Following the completion of the sale, the chief executive officer now directly owns 1,213,200 shares in the company, valued at approximately $10,360,728. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leonard J. Leblanc sold 5,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $7.27, for a total value of $36,350.00. Following the sale, the director now owns 149,134 shares of the company’s stock, valued at $1,084,204.18. The disclosure for this sale can be found here. Insiders have sold a total of 114,396 shares of company stock valued at $960,857 over the last 90 days. 6.90% of the stock is currently owned by company insiders.

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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