AXT Inc (NASDAQ:AXTI) Given Consensus Recommendation of “Hold” by Analysts

Shares of AXT Inc (NASDAQ:AXTI) have been given an average recommendation of “Hold” by the five ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.80.

AXTI has been the topic of several analyst reports. Craig Hallum reiterated a “buy” rating on shares of AXT in a report on Friday, January 9th. Needham & Company LLC cut AXT from a “buy” rating to a “hold” rating in a research note on Tuesday, January 20th. UBS Group set a $35.00 price target on AXT in a report on Tuesday, February 17th. Northland Securities set a $20.00 price objective on AXT in a report on Monday, December 22nd. Finally, Wall Street Zen raised AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th.

Insider Transactions at AXT

In other AXT news, CEO Morris S. Young sold 35,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $12.05, for a total value of $421,750.00. Following the completion of the sale, the chief executive officer directly owned 2,495,564 shares of the company’s stock, valued at $30,071,546.20. The trade was a 1.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David C. Chang sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $14.84, for a total transaction of $371,000.00. Following the transaction, the director directly owned 132,744 shares in the company, valued at approximately $1,969,920.96. This trade represents a 15.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 85,000 shares of company stock worth $1,101,000. Company insiders own 8.80% of the company’s stock.

Institutional Trading of AXT

A number of large investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in AXT during the 2nd quarter worth $42,000. Jefferies Financial Group Inc. purchased a new stake in shares of AXT in the 3rd quarter worth $52,000. State of Wyoming bought a new position in shares of AXT during the 4th quarter worth $69,000. Creative Planning purchased a new position in shares of AXT during the second quarter valued at $86,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of AXT in the fourth quarter valued at about $98,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

AXT Stock Performance

NASDAQ AXTI opened at $37.90 on Friday. The company has a market cap of $2.09 billion, a P/E ratio of -78.96 and a beta of 1.96. The business’s 50 day moving average price is $21.99 and its 200-day moving average price is $12.10. AXT has a fifty-two week low of $1.13 and a fifty-two week high of $41.19.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, February 19th. The semiconductor company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). AXT had a negative return on equity of 10.59% and a negative net margin of 24.07%.The firm had revenue of $23.04 million for the quarter, compared to analysts’ expectations of $24.24 million. As a group, equities analysts predict that AXT will post -0.12 EPS for the current year.

AXT Company Profile

AXT, Inc (NASDAQ: AXTI) is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.

AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.