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

StockNews.com upgraded shares of AXT (NASDAQ:AXTI) to a sell rating in a research note issued to investors on Thursday morning.

Other analysts have also issued reports about the company. Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of AXT in a report on Friday, February 21st. Wedbush restated an “outperform” rating and issued a $4.50 target price (down previously from $5.50) on shares of AXT in a research note on Friday, February 21st. Finally, B. Riley reaffirmed a “buy” rating and set a $6.00 price target (up from $5.50) on shares of AXT in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.10.

AXT Price Performance

NASDAQ AXTI opened at $1.55 on Thursday. AXT has a one year low of $1.29 and a one year high of $4.99. The firm has a market cap of $70.68 million, a P/E ratio of -5.54 and a beta of 2.17. The stock’s 50-day moving average is $1.89 and its 200-day moving average is $2.13.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, February 20th. The semiconductor company reported ($0.12) EPS 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 company had revenue of $25.11 million for the quarter, compared to analyst estimates of $23.94 million. Equities analysts anticipate that AXT will post -0.12 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Formidable Asset Management LLC increased its stake in shares of AXT by 40.7% during the 4th quarter. Formidable Asset Management LLC now owns 43,500 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 12,575 shares during the last quarter. Systematic Financial Management LP increased its position in AXT by 5.0% during the fourth quarter. Systematic Financial Management LP now owns 1,551,380 shares of the semiconductor company’s stock worth $3,366,000 after buying an additional 74,211 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of AXT in the fourth quarter valued at approximately $628,000. Man Group plc bought a new position in shares of AXT during the 4th quarter worth approximately $67,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of AXT by 5.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 302,936 shares of the semiconductor company’s stock worth $657,000 after acquiring an additional 16,842 shares during the period. Institutional investors and hedge funds 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.