AXT (NASDAQ:AXTI – Get Rating) will be posting its quarterly earnings results after the market closes on Thursday, February 16th. Analysts expect AXT to post earnings of $0.03 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
NASDAQ:AXTI opened at $6.34 on Thursday. AXT has a fifty-two week low of $4.17 and a fifty-two week high of $9.94. The company has a fifty day moving average of $5.16 and a two-hundred day moving average of $6.21. The stock has a market capitalization of $276.11 million, a PE ratio of 15.85 and a beta of 2.06.
Get AXT alerts:Several analysts have commented on the company. Needham & Company LLC lowered their price target on AXT from $9.00 to $6.00 and set a “buy” rating for the company in a report on Friday, October 28th. TheStreet lowered AXT from a “b-” rating to a “c+” rating in a research note on Wednesday, October 19th. Craig Hallum reduced their target price on AXT to $7.00 in a report on Tuesday, November 1st. StockNews.com upgraded AXT from a “sell” rating to a “hold” rating in a research note on Wednesday, November 30th. Finally, B. Riley lowered their target price on AXT from $6.50 to $5.50 in a report on Friday, October 28th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, AXT has a consensus rating of “Moderate Buy” and an average target price of $8.92.
A number of hedge funds have recently added to or reduced their stakes in AXTI. Tower Research Capital LLC TRC grew its position in AXT by 317.3% in the third quarter. Tower Research Capital LLC TRC now owns 9,966 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 7,578 shares during the period. Jane Street Group LLC bought a new position in AXT in the 3rd quarter worth about $93,000. BNP Paribas Arbitrage SNC increased its stake in shares of AXT by 73.7% during the third quarter. BNP Paribas Arbitrage SNC now owns 15,702 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 6,661 shares during the period. Occudo Quantitative Strategies LP boosted its holdings in AXT by 20.2% in the second quarter. Occudo Quantitative Strategies LP now owns 21,554 shares of the semiconductor company’s stock worth $126,000 after acquiring an additional 3,620 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in AXT by 14.2% in the second quarter. JPMorgan Chase & Co. now owns 21,781 shares of the semiconductor company’s stock worth $127,000 after buying an additional 2,710 shares in the last quarter. Institutional investors and hedge funds own 55.52% of the company’s stock.
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AXT, Inc engages in the design, development, manufacture and distribution of compound and single element semiconductor substrates. It also sells specialty material substrates and raw materials used to make substrates and other related products. The company was founded by Morris S. Young and Davis Zhang in 1986 and is headquartered in Fremont, CA.
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