News headlines about AXT (NASDAQ:AXTI) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AXT earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 44.7809228756585 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern’s analysis:
AXTI has been the subject of several analyst reports. Zacks Investment Research cut AXT from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Needham & Company LLC restated a “buy” rating and set a $11.00 target price (up from $10.00) on shares of AXT in a report on Thursday, October 26th. B. Riley increased their target price on AXT from $8.50 to $8.75 and gave the company a “neutral” rating in a report on Thursday, October 26th. Finally, BidaskClub lowered AXT from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $9.95.
AXT (AXTI) traded down $0.80 on Monday, reaching $8.70. The company’s stock had a trading volume of 969,711 shares, compared to its average volume of 600,263. The company has a market cap of $338.35, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 2.13 and a beta of 1.11. AXT has a fifty-two week low of $4.55 and a fifty-two week high of $10.75.
AXT (NASDAQ:AXTI) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $28.17 million during the quarter, compared to analyst estimates of $27.05 million. AXT had a return on equity of 5.67% and a net margin of 9.96%. AXT’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. research analysts expect that AXT will post 0.25 EPS for the current year.
In other news, CFO Gary L. Fischer sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $9.16, for a total value of $183,200.00. Following the completion of the transaction, the chief financial officer now owns 84,515 shares of the company’s stock, valued at approximately $774,157.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Morris S. Young sold 30,000 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $9.76, for a total value of $292,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,211,970 shares of the company’s stock, valued at approximately $11,828,827.20. The disclosure for this sale can be found here. Insiders have sold a total of 133,375 shares of company stock valued at $1,216,235 in the last ninety days. 6.90% of the stock is currently owned by corporate insiders.
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AXT Company Profile
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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