AXT (NASDAQ:AXTI - Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, February 16th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.
Shares of AXT stock opened at $6.34 on Thursday. AXT has a twelve month low of $4.17 and a twelve month high of $9.94. The company has a market cap of $276.11 million, a price-to-earnings ratio of 15.85 and a beta of 2.06. The company's 50 day moving average is $5.16 and its 200 day moving average is $6.21.
A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of AXT from a "sell" rating to a "hold" rating in a report on Wednesday, November 30th. TheStreet cut shares of AXT from a "b-" rating to a "c+" rating in a research note on Wednesday, October 19th. Craig Hallum reduced their price objective on shares of AXT to $7.00 in a research report on Tuesday, November 1st. B. Riley dropped their target price on shares of AXT from $6.50 to $5.50 in a report on Friday, October 28th. Finally, Needham & Company LLC dropped their price objective on shares of AXT from $9.00 to $6.00 and set a "buy" rating for the company in a report on Friday, October 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, AXT presently has an average rating of "Moderate Buy" and a consensus target price of $8.92.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in AXT by 7.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 179,888 shares of the semiconductor company's stock worth $1,205,000 after buying an additional 12,089 shares during the last quarter. Jane Street Group LLC purchased a new stake in AXT in the 3rd quarter worth about $93,000. BNP Paribas Arbitrage SNC raised its stake in shares of AXT by 73.7% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 15,702 shares of the semiconductor company's stock worth $105,000 after purchasing an additional 6,661 shares in the last quarter. State Street Corp raised its stake in shares of AXT by 1.4% during the 3rd quarter. State Street Corp now owns 742,839 shares of the semiconductor company's stock worth $4,977,000 after purchasing an additional 10,573 shares in the last quarter. Finally, Two Sigma Investments LP raised its stake in shares of AXT by 61.6% during the 3rd quarter. Two Sigma Investments LP now owns 155,760 shares of the semiconductor company's stock worth $1,044,000 after purchasing an additional 59,389 shares in the last quarter. Hedge funds and other institutional investors own 55.52% of the company's stock.
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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