AXT (NASDAQ:AXTI – Get Rating) had its price objective dropped by investment analysts at B. Riley from $5.50 to $5.00 in a report issued on Friday, The Fly reports. B. Riley’s price target would suggest a potential upside of 2.46% from the stock’s previous close.
AXTI has been the subject of a number of other research reports. Craig Hallum downgraded AXT from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $7.00 to $5.50 in a research report on Friday. StockNews.com upgraded AXT from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th. Finally, Needham & Company LLC reduced their price objective on AXT from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.58.Get AXT alerts:
Shares of NASDAQ:AXTI opened at $4.88 on Friday. The business has a 50 day moving average price of $5.27 and a 200 day moving average price of $6.12. AXT has a twelve month low of $4.17 and a twelve month high of $9.94. The company has a market cap of $212.52 million, a price-to-earnings ratio of 13.56 and a beta of 2.06.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wisconsin Investment Board lifted its position in shares of AXT by 77.1% during the 4th quarter. State of Wisconsin Investment Board now owns 96,600 shares of the semiconductor company’s stock worth $423,000 after buying an additional 42,044 shares during the period. Squarepoint Ops LLC acquired a new stake in AXT during the 4th quarter valued at $49,000. Needham Investment Management LLC increased its holdings in AXT by 18.2% during the 4th quarter. Needham Investment Management LLC now owns 1,460,450 shares of the semiconductor company’s stock valued at $6,397,000 after purchasing an additional 225,000 shares in the last quarter. AQR Capital Management LLC acquired a new stake in AXT during the 4th quarter valued at $330,000. Finally, Granahan Investment Management LLC increased its holdings in AXT by 41.1% during the 4th quarter. Granahan Investment Management LLC now owns 1,433,444 shares of the semiconductor company’s stock valued at $6,278,000 after purchasing an additional 417,483 shares in the last quarter. 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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Pleasant Valley put the clamps on another foe Monday afternoon at the girls’ state basketball tournament. The top-ranked Spartans held West Des Moines Valley to 25-percent shooting in a 43-28 Class 5A quarterfinal win. 4 West Des Moines Dowling (20-4) in a semifinal at 11:45 a.m. Thursday. McTaggart coached at City High 24 years, reaching 12 state tournaments, highlighted by a Class 4A championship in 2008. A five-sport athlete and a state track qualifier as a sophomore and junior, Van Utrecht was selected from 81 applicants.28 days ago The Gazette
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Wilhelm: More on Jacksons, Willow Hill and efforts to share insight into African American history Willow Hill concentrates on African American HistoryDr. Alvin Jackson, who served at the Community Health Services in Fremont in the late 20th century, says the Willow Hill Heritage and Renaissance Center in Bulloch County, Georgia, aims to provide Americans with insight into the values of African American history and culture as related to American history and culture. Today, he said the center focuses on local, state and national African American history, but quickly pointed out “a lot of work is done in genealogy because a lot of African American people have lost contact with their history.” To help people reach into their own history, the center has a collection of more than 18,000 obituaries and is adding to the collection regularly. He continues to practice medicine part time and serves as president of the Georgian African American Historic Preservation Network. The 1988 National History Day Exhibit tells the history of the Willow Hill School won first place in the Junior Division at the National History Day Competition in Washington, D.C. You can learn much more about the Willow Hill Center online.1 month ago The News-Messenger