AXT (NASDAQ:AXTI) Upgraded by StockNews.com to Sell Rating

AXT (NASDAQ:AXTI) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms have also commented on AXTI. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of AXT in a research report on Friday, February 21st. B. Riley restated a “buy” rating and set a $6.00 target price (up previously from $5.50) on shares of AXT in a research report on Friday, February 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $4.50 price target (down from $5.50) on shares of AXT in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, AXT currently has an average rating of “Moderate Buy” and a consensus target price of $5.13.

AXT Trading Up 0.9 %

AXTI stock traded up $0.01 during mid-day trading on Tuesday, hitting $1.17. 325,196 shares of the company were exchanged, compared to its average volume of 480,626. AXT has a 1-year low of $1.13 and a 1-year high of $4.23. The stock has a market capitalization of $53.35 million, a PE ratio of -4.18 and a beta of 2.36. The business has a 50 day simple moving average of $1.63 and a 200-day simple moving average of $2.03.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $25.11 million for the quarter, compared to analyst estimates of $23.94 million. Equities research analysts expect that AXT will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. White Pine Capital LLC lifted 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 last quarter. Empowered Funds LLC boosted its holdings in shares of AXT by 5.2% during the 4th quarter. Empowered Funds LLC now owns 145,664 shares of the semiconductor company’s stock valued at $316,000 after acquiring an additional 7,165 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of AXT by 2.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 302,964 shares of the semiconductor company’s stock valued at $657,000 after acquiring an additional 7,165 shares in the last quarter. Geode Capital Management LLC grew its position in AXT by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 464,022 shares of the semiconductor company’s stock worth $1,123,000 after acquiring an additional 7,577 shares during the last quarter. Finally, Park Edge Advisors LLC increased its holdings in AXT by 25.1% in the 1st quarter. Park Edge Advisors LLC now owns 62,500 shares of the semiconductor company’s stock worth $88,000 after purchasing an additional 12,550 shares in the last quarter. Institutional investors own 49.52% of the company’s stock.

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.