AXT Inc. (NASDAQ:AXTI) Director Leonard J. Leblanc sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $5.21, for a total value of $26,050.00. Following the completion of the sale, the director now owns 154,134 shares of the company’s stock, valued at $803,038.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of AXT Inc. (NASDAQ:AXTI) opened at 5.05 on Thursday. AXT Inc. has a 1-year low of $2.26 and a 1-year high of $5.97. The firm has a 50-day moving average price of $5.33 and a 200-day moving average price of $4.05. The stock has a market cap of $162.16 million, a price-to-earnings ratio of 82.79 and a beta of 1.42.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Wednesday, October 26th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.03. AXT had a return on equity of 1.62% and a net margin of 2.75%. The firm earned $21.90 million during the quarter, compared to analysts’ expectations of $12.52 billion. The firm’s revenue was up 19.2% compared to the same quarter last year. Equities analysts forecast that AXT Inc. will post $0.14 EPS for the current year.

A number of brokerages recently issued reports on AXTI. B. Riley restated a “buy” rating and issued a $6.75 price target on shares of AXT in a research report on Tuesday, November 1st. Needham & Company LLC raised their price target on AXT from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, October 27th. Northland Securities raised their price target on AXT from $4.50 to $7.00 and gave the stock an “outperform” rating in a research report on Thursday, September 29th. Finally, Zacks Investment Research upgraded AXT from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research note on Tuesday, August 23rd. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. AXT has a consensus rating of “Buy” and a consensus price target of $6.19.

Hedge funds have recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in shares of AXT during the second quarter valued at approximately $158,000. ClariVest Asset Management LLC bought a new position in AXT during the second quarter worth $822,000. Bank of New York Mellon Corp raised its position in AXT by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 65,472 shares of the company’s stock worth $209,000 after buying an additional 805 shares during the period. EAM Investors LLC bought a new position in AXT during the second quarter worth $1,289,000. Finally, Dimensional Fund Advisors LP raised its position in AXT by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,885,895 shares of the company’s stock worth $6,016,000 after buying an additional 44,701 shares during the period. Hedge funds and other institutional investors own 42.65% of the company’s stock.

About AXT

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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