AXT, Inc. (NASDAQ:AXTI) Stock Holdings Trimmed by Marshall Wace LLP

Marshall Wace LLP reduced its position in AXT, Inc. (NASDAQ:AXTI) by 68.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,102 shares of the semiconductor company’s stock after selling 50,881 shares during the quarter. Marshall Wace LLP owned approximately 0.05% of AXT worth $78,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in shares of AXT by 28.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,200 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 2,500 shares during the last quarter. Byrne Asset Management LLC boosted its position in shares of AXT by 125.0% during the second quarter. Byrne Asset Management LLC now owns 13,500 shares of the semiconductor company’s stock worth $48,000 after buying an additional 7,500 shares during the period. Keystone Wealth Services LLC boosted its position in shares of AXT by 4.3% during the second quarter. Keystone Wealth Services LLC now owns 202,223 shares of the semiconductor company’s stock worth $684,000 after buying an additional 8,333 shares during the period. SG Americas Securities LLC acquired a new stake in AXT in the first quarter worth approximately $52,000. Finally, Quadrature Capital Ltd lifted its position in AXT by 46.6% in the fourth quarter. Quadrature Capital Ltd now owns 37,387 shares of the semiconductor company’s stock worth $90,000 after purchasing an additional 11,892 shares during the period. 49.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on AXTI. Wedbush restated an “outperform” rating and issued a $6.00 target price on shares of AXT in a research report on Monday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price target on shares of AXT in a report on Friday, August 2nd. Finally, StockNews.com cut AXT from a “hold” rating to a “sell” rating in a report on Monday, September 30th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.38.

AXT Trading Down 3.0 %

NASDAQ AXTI opened at $2.58 on Monday. AXT, Inc. has a 1-year low of $1.89 and a 1-year high of $5.64. The company has a market capitalization of $114.55 million, a PE ratio of -6.45 and a beta of 2.23. The firm’s fifty day simple moving average is $2.46 and its 200-day simple moving average is $3.14.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, August 1st. The semiconductor company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.02. The business had revenue of $27.92 million for the quarter, compared to the consensus estimate of $26.50 million. AXT had a negative net margin of 14.75% and a negative return on equity of 5.87%. During the same period in the prior year, the business posted ($0.12) earnings per share. As a group, analysts predict that AXT, Inc. will post -0.19 EPS for the current year.

About AXT

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.