AXT Inc (NASDAQ:AXTI) Receives $4.60 Average Target Price from Analysts

AXT Inc (NASDAQ:AXTI) has been given a consensus rating of “Moderate Buy” by the five analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $4.60.

A number of equities research analysts recently weighed in on AXTI shares. B. Riley dropped their price target on AXT from $4.50 to $4.30 and set a “buy” rating on the stock in a research note on Thursday, July 10th. Weiss Ratings restated a “sell (d-)” rating on shares of AXT in a research note on Saturday, September 27th. Finally, Wedbush decreased their price target on shares of AXT from $4.25 to $4.10 and set an “outperform” rating on the stock in a research note on Friday, August 1st.

AXT Stock Up 9.1%

Shares of NASDAQ AXTI opened at $5.13 on Friday. AXT has a twelve month low of $1.13 and a twelve month high of $5.48. The company has a market cap of $236.60 million, a PE ratio of -9.33 and a beta of 2.26. The business’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $2.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXTI. Jane Street Group LLC acquired a new stake in shares of AXT during the fourth quarter worth $60,000. GSA Capital Partners LLP boosted its stake in shares of AXT by 43.2% in the first quarter. GSA Capital Partners LLP now owns 533,264 shares of the semiconductor company’s stock valued at $752,000 after buying an additional 160,858 shares during the period. Algert Global LLC acquired a new stake in AXT during the first quarter worth approximately $31,000. Jacobs Levy Equity Management Inc. increased its stake in AXT by 75.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 530,269 shares of the semiconductor company’s stock worth $748,000 after acquiring an additional 227,333 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of AXT by 2.8% during the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after acquiring an additional 8,039 shares during the period. 49.52% of the stock is owned by institutional investors and hedge funds.

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.