34,778 Shares in AXT, Inc. (NASDAQ:AXTI) Acquired by Barclays PLC

Barclays PLC purchased a new stake in AXT, Inc. (NASDAQ:AXTI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 34,778 shares of the semiconductor company’s stock, valued at approximately $85,000. Barclays PLC owned 0.08% of AXT at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning purchased a new stake in shares of AXT in the third quarter worth $127,000. Assenagon Asset Management S.A. increased its stake in AXT by 26.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 63,794 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 13,376 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of AXT in the 2nd quarter valued at about $468,000. Squarepoint Ops LLC boosted its position in shares of AXT by 206.8% during the 2nd quarter. Squarepoint Ops LLC now owns 166,072 shares of the semiconductor company’s stock valued at $561,000 after acquiring an additional 111,934 shares during the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of AXT by 135.1% during the second quarter. XTX Topco Ltd now owns 173,726 shares of the semiconductor company’s stock worth $587,000 after purchasing an additional 99,840 shares in the last quarter. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

AXT Stock Down 4.4 %

NASDAQ AXTI opened at $2.15 on Thursday. The firm has a market cap of $96.21 million, a price-to-earnings ratio of -8.60 and a beta of 2.10. The company has a 50-day simple moving average of $2.14 and a two-hundred day simple moving average of $2.58. AXT, Inc. has a 12-month low of $1.73 and a 12-month high of $5.64.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.07) earnings per share (EPS) 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 company had revenue of $23.65 million for the quarter, compared to the consensus estimate of $25.98 million. During the same quarter in the previous year, the business earned ($0.14) earnings per share. Equities analysts expect that AXT, Inc. will post -0.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

AXTI has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of AXT in a research note on Friday, November 1st. StockNews.com cut shares of AXT from a “hold” rating to a “sell” rating in a research report on Monday, September 30th. Finally, Northland Securities cut their target price on shares of AXT from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.