XTX Topco Ltd Has $87,000 Stock Holdings in AXT, Inc. (NASDAQ:AXTI)

XTX Topco Ltd trimmed its position in AXT, Inc. (NASDAQ:AXTI) by 79.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,817 shares of the semiconductor company’s stock after selling 137,909 shares during the quarter. XTX Topco Ltd owned approximately 0.08% of AXT worth $87,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bailard Inc. acquired a new stake in shares of AXT during the 2nd quarter worth approximately $122,000. Creative Planning acquired a new stake in AXT during the 3rd quarter worth $127,000. Assenagon Asset Management S.A. raised its position in shares of AXT by 26.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 63,794 shares of the semiconductor company’s stock valued at $154,000 after acquiring an additional 13,376 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of AXT during the 2nd quarter valued at $468,000. Finally, Legato Capital Management LLC acquired a new position in shares of AXT in the 2nd quarter valued at $503,000. 49.52% of the stock is owned by institutional investors.

AXT Trading Up 2.8 %

Shares of NASDAQ AXTI opened at $2.18 on Friday. The company has a fifty day moving average price of $2.23 and a 200 day moving average price of $2.70. AXT, Inc. has a 1-year low of $1.73 and a 1-year high of $5.64. The firm has a market cap of $97.56 million, a PE ratio of -8.72 and a beta of 2.15.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01). AXT had a negative return on equity of 4.58% and a negative net margin of 10.73%. The firm had revenue of $23.65 million for the quarter, compared to analyst estimates of $25.98 million. During the same period in the prior year, the company earned ($0.14) earnings per share. Equities research analysts forecast that AXT, Inc. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of AXT in a report on Friday, November 1st. Northland Securities reduced their target price on AXT from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, StockNews.com lowered AXT from a “hold” rating to a “sell” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.30.

AXT 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.