Brokerages Set AXT, Inc. (NASDAQ:AXTI) PT at $5.10

AXT, Inc. (NASDAQ:AXTI) has received a consensus recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is $5.10.

A number of analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of AXT in a research note on Friday, February 21st. B. Riley reiterated a “buy” rating and issued a $6.00 target price (up from $5.50) on shares of AXT in a research note on Friday, February 21st. StockNews.com upgraded AXT to a “sell” rating in a report on Thursday, March 27th. Finally, Wedbush restated an “outperform” rating and issued a $4.50 price objective (down previously from $5.50) on shares of AXT in a research note on Friday, February 21st.

AXT Stock Performance

AXTI opened at $1.53 on Monday. The business’s 50-day simple moving average is $1.82 and its 200 day simple moving average is $2.10. AXT has a 52-week low of $1.29 and a 52-week high of $4.99. The firm has a market capitalization of $69.76 million, a PE ratio of -5.46 and a beta of 2.36.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). AXT had a negative return on equity of 5.27% and a negative net margin of 11.70%. The company had revenue of $25.11 million for the quarter, compared to the consensus estimate of $23.94 million. On average, research analysts forecast that AXT will post -0.12 earnings per share for the current year.

Institutional Trading of AXT

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC raised its holdings in AXT by 65.4% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,937,424 shares of the semiconductor company’s stock valued at $4,204,000 after acquiring an additional 766,122 shares during the period. Systematic Financial Management LP lifted its holdings in AXT by 5.0% during the 4th quarter. Systematic Financial Management LP now owns 1,551,380 shares of the semiconductor company’s stock worth $3,366,000 after purchasing an additional 74,211 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in AXT by 13.1% during the 4th quarter. Kennedy Capital Management LLC now owns 915,460 shares of the semiconductor company’s stock worth $1,987,000 after purchasing an additional 106,121 shares during the last quarter. White Pine Capital LLC boosted its stake in AXT by 0.8% in the 4th quarter. White Pine Capital LLC now owns 668,499 shares of the semiconductor company’s stock valued at $1,451,000 after purchasing an additional 5,246 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in AXT by 18.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 606,365 shares of the semiconductor company’s stock valued at $1,316,000 after buying an additional 96,195 shares in the last quarter. Institutional investors own 49.52% of the company’s stock.

AXT Company Profile

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.