Zacks Investment Research cut shares of Aixtron AG (NASDAQ:AIXG) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “AIXTRON AG is a leading provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. Such components are used in fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, signaling and lighting, as well as a range of other leading-edge technologies. AIXTRON AG’s securities are listed on the Prime Standard market segment of the Frankfurt Stock Exchange and, as American Depositary Shares (ADS), on the NASDAQ GLOBAL MARKET, and are included in the TecDAX index, the NASDAQ Composite Index, the MSCI World Small Cap Index and the Nature Stock Index (NAI). Founded in 1983, the Company is headquartered in Aachen, Germany. “

Separately, DZ Bank AG reissued a sell rating on shares of Aixtron AG in a research note on Friday, August 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. Aixtron AG has an average rating of Hold and an average price target of $6.67.

Shares of Aixtron AG (NASDAQ:AIXG) traded up 0.48% on Tuesday, reaching $6.30. The company had a trading volume of 4,700 shares. Aixtron AG has a 12 month low of $3.25 and a 12 month high of $8.05. The stock’s market cap is $703.07 million. The stock has a 50-day moving average price of $6.13 and a 200-day moving average price of $5.77.

Aixtron AG (NASDAQ:AIXG) last announced its quarterly earnings data on Thursday, August 11th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Aixtron AG had a negative return on equity of 7.35% and a negative net margin of 16.42%. Analysts predict that Aixtron AG will post ($0.29) earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Aixtron AG stock. Ancora Advisors LLC acquired a new position in Aixtron AG (NASDAQ:AIXG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,120 shares of the company’s stock, valued at approximately $274,000. 0.87% of the stock is owned by institutional investors and hedge funds.

About Aixtron AG

AIXTRON SE (AIXTRON) is a provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a range of customers across the world to build components for electronic and opto-electronic applications based on compound, silicon or organic semiconductor materials.

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