AXT Inc (NASDAQ:AXTI) CFO Gary L. Fischer sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $9.16, for a total transaction of $183,200.00. Following the completion of the transaction, the chief financial officer now owns 84,515 shares in the company, valued at approximately $774,157.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of AXT Inc (NASDAQ:AXTI) traded down $0.15 during midday trading on Friday, hitting $9.50. 611,277 shares of the stock traded hands, compared to its average volume of 464,675. The company has a market cap of $375.30, a price-to-earnings ratio of 40.21, a PEG ratio of 2.16 and a beta of 1.11. AXT Inc has a one year low of $4.35 and a one year high of $10.75.
AXT (NASDAQ:AXTI) last issued its earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $28.17 million for the quarter, compared to analyst estimates of $27.05 million. AXT had a net margin of 9.96% and a return on equity of 5.67%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS. analysts predict that AXT Inc will post 0.25 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in AXT by 314.4% during the 1st quarter. Bank of New York Mellon Corp now owns 148,703 shares of the semiconductor company’s stock worth $862,000 after acquiring an additional 112,818 shares during the last quarter. SG Americas Securities LLC bought a new position in AXT during the 1st quarter worth approximately $105,000. Vanguard Group Inc. boosted its stake in AXT by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 1,457,029 shares of the semiconductor company’s stock worth $8,450,000 after acquiring an additional 36,065 shares during the last quarter. Geode Capital Management LLC boosted its stake in AXT by 12.1% during the 1st quarter. Geode Capital Management LLC now owns 215,960 shares of the semiconductor company’s stock worth $1,252,000 after acquiring an additional 23,341 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in AXT by 15.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,593,023 shares of the semiconductor company’s stock worth $15,040,000 after acquiring an additional 341,318 shares during the last quarter. 60.36% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on AXTI. BidaskClub downgraded shares of AXT from a “strong-buy” rating to a “buy” rating in a report on Monday, August 7th. Zacks Investment Research cut shares of AXT from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of AXT in a report on Sunday, September 17th. Finally, B. Riley reissued a “hold” rating and set a $8.50 price objective on shares of AXT in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $9.95.
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AXT, Inc (AXT) is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
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