Brokerages Set AXT, Inc. (NASDAQ:AXTI) PT at $5.30

Shares of AXT, Inc. (NASDAQ:AXTI) have received a consensus rating of “Buy” from the five research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.30.

Several analysts recently issued reports on AXTI shares. Northland Securities cut their price target on shares of AXT from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and issued a $5.00 target price on shares of AXT in a research note on Friday, November 1st. Finally, StockNews.com cut shares of AXT from a “hold” rating to a “sell” rating in a research report on Monday, September 30th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Barclays PLC bought a new stake in shares of AXT in the 3rd quarter worth approximately $85,000. Geode Capital Management LLC increased its position in AXT by 1.7% in the third quarter. Geode Capital Management LLC now owns 464,022 shares of the semiconductor company’s stock worth $1,123,000 after buying an additional 7,577 shares during the period. Systematic Financial Management LP lifted its stake in AXT by 13.0% in the third quarter. Systematic Financial Management LP now owns 1,477,169 shares of the semiconductor company’s stock valued at $3,575,000 after buying an additional 169,406 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of AXT by 10.0% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 606,417 shares of the semiconductor company’s stock valued at $1,468,000 after acquiring an additional 54,891 shares during the period. Finally, GSA Capital Partners LLP grew its position in shares of AXT by 25.1% during the third quarter. GSA Capital Partners LLP now owns 301,812 shares of the semiconductor company’s stock worth $730,000 after acquiring an additional 60,623 shares during the last quarter. 49.52% of the stock is currently owned by institutional investors.

AXT Price Performance

Shares of AXT stock opened at $2.04 on Tuesday. AXT has a 1-year low of $1.73 and a 1-year high of $5.64. The company has a market capitalization of $91.29 million, a PE ratio of -8.16 and a beta of 2.22. The business has a 50-day moving average of $2.29 and a 200-day moving average of $2.86.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.01). AXT had a negative net margin of 10.73% and a negative return on equity of 4.58%. The business had revenue of $23.65 million for the quarter, compared to analyst estimates of $25.98 million. During the same quarter last year, the business earned ($0.14) EPS. On average, equities analysts expect that AXT will post -0.22 earnings per share for the current fiscal year.

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.