Virtu Financial LLC Invests $54,000 in AXT, Inc. (NASDAQ:AXTI)

Virtu Financial LLC purchased a new stake in shares of AXT, Inc. (NASDAQ:AXTI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 24,934 shares of the semiconductor company’s stock, valued at approximately $54,000.

A number of other institutional investors have also added to or reduced their stakes in AXTI. White Pine Capital LLC boosted its position in AXT by 0.8% in the fourth quarter. White Pine Capital LLC now owns 668,499 shares of the semiconductor company’s stock valued at $1,451,000 after buying an additional 5,246 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of AXT by 5.2% in 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 during the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of AXT during the 4th quarter valued at $29,000. Atlas Brown Inc. bought a new stake in AXT during the 4th quarter worth $42,000. Finally, Canandaigua National Bank & Trust Co. bought a new stake in AXT during the 4th quarter worth $28,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

AXT Price Performance

Shares of AXTI stock opened at $1.41 on Tuesday. The stock has a market capitalization of $64.29 million, a PE ratio of -5.04 and a beta of 2.17. The business’s 50 day simple moving average is $1.86 and its 200 day simple moving average is $2.11. AXT, Inc. has a one year low of $1.29 and a one year high of $4.99.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AXTI. B. Riley reissued 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. Wedbush reiterated an “outperform” rating and set a $4.50 target price (down from $5.50) on shares of AXT in a research report on Friday, February 21st. StockNews.com raised shares of AXT to a “sell” rating in a report on Thursday, March 27th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target on shares of AXT in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.10.

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.