Brokerages Set AXT, Inc. (NASDAQ:AXTI) PT at $5.10

Shares of AXT, Inc. (NASDAQ:AXTI) have been given a consensus rating of “Buy” by the five research firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have covered the stock in the last year is $5.10.

A number of equities analysts have weighed in on AXTI shares. Wedbush reaffirmed an “outperform” rating and issued a $4.50 target price (down from $5.50) on shares of AXT in a research note on Friday, February 21st. Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective on shares of AXT in a report on Friday, February 21st. B. Riley restated a “buy” rating and set a $6.00 target price (up from $5.50) on shares of AXT in a research report on Friday, February 21st. Finally, StockNews.com upgraded shares of AXT to a “sell” rating in a report on Thursday, March 27th.

Institutional Investors Weigh In On AXT

Several institutional investors have recently added to or reduced their stakes in AXTI. Formidable Asset Management LLC increased its holdings in 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 in the last quarter. Systematic Financial Management LP raised its position in AXT by 5.0% in the 4th quarter. Systematic Financial Management LP now owns 1,551,380 shares of the semiconductor company’s stock valued at $3,366,000 after buying an additional 74,211 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in AXT during the 4th quarter worth 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. grew 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 in the last quarter. 49.52% of the stock is owned by institutional investors.

AXT Stock Performance

AXTI opened at $1.53 on Monday. The firm has a market cap of $69.76 million, a price-to-earnings ratio of -5.46 and a beta of 2.36. The firm’s 50-day simple moving average is $1.82 and its 200-day simple moving average is $2.10. AXT has a twelve month low of $1.29 and a twelve month high of $4.99.

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

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.