AXT Inc. (NASDAQ:AXTI) Director Jesse Chen sold 26,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $5.15, for a total transaction of $133,900.00. Following the completion of the transaction, the director now owns 183,259 shares in the company, valued at approximately $943,783.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

AXT Inc. (NASDAQ:AXTI) traded down 2.6019% during mid-day trading on Thursday, reaching $5.0647. 63,777 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $5.33 and a 200-day moving average price of $4.13. AXT Inc. has a 1-year low of $2.28 and a 1-year high of $5.97. The stock has a market cap of $164.90 billion, a P/E ratio of 84.4117 and a beta of 1.42.

AXT (NASDAQ:AXTI) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. AXT had a net margin of 2.75% and a return on equity of 1.62%. The business had revenue of $21.90 million for the quarter, compared to analyst estimates of $12.52 billion. The business’s revenue was up 19.2% compared to the same quarter last year. Equities research analysts anticipate that AXT Inc. will post $0.14 EPS for the current fiscal year.

Several research analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $6.75 price objective on shares of AXT in a research note on Thursday, October 27th. Zacks Investment Research downgraded shares of AXT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Finally, Needham & Company LLC boosted their target price on shares of AXT from $5.50 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, October 27th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $6.19.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. A.R.T. Advisors LLC bought a new stake in shares of AXT during the second quarter valued at approximately $101,000. Alambic Investment Management L.P. increased its stake in shares of AXT by 63.0% in the third quarter. Alambic Investment Management L.P. now owns 20,700 shares of the company’s stock valued at $107,000 after buying an additional 8,000 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of AXT during the third quarter valued at approximately $120,000. Acadian Asset Management LLC bought a new stake in shares of AXT during the second quarter valued at approximately $158,000. Finally, Bank of New York Mellon Corp increased its stake in shares of AXT by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 65,472 shares of the company’s stock valued at $209,000 after buying an additional 805 shares during the period. 43.64% of the stock is currently owned by institutional investors and hedge funds.

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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