AXT Inc. (NASDAQ:AXTI) CEO Morris S. Young sold 3,522 shares of AXT stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $5.20, for a total transaction of $18,314.40. The transaction was disclosed in a document filed with the SEC, which is available at this link.

AXT Inc. (NASDAQ:AXTI) traded up 0.99% on Wednesday, reaching $5.10. 140,232 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $5.31 and a 200-day moving average price of $4.21. The company has a market capitalization of $164.26 million, a P/E ratio of 83.61 and a beta of 1.42. AXT Inc. has a 1-year low of $2.28 and a 1-year high of $5.97.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.07 EPS for the quarter, beating the Zacks’ 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 company had revenue of $21.90 million for the quarter, compared to the consensus estimate of $12.52 billion. AXT’s quarterly revenue was up 19.2% on a year-over-year basis. Equities research analysts expect that AXT Inc. will post $0.14 earnings per share for the current year.

Large investors have recently made changes to their positions in the stock. Panagora Asset Management Inc. purchased a new stake in shares of AXT during the third quarter worth approximately $120,000. KCG Holdings Inc. increased its stake in shares of AXT by 67.7% in the third quarter. KCG Holdings Inc. now owns 42,484 shares of the company’s stock worth $220,000 after buying an additional 17,151 shares in the last quarter. Morgan Stanley increased its stake in shares of AXT by 127.1% in the third quarter. Morgan Stanley now owns 65,283 shares of the company’s stock worth $339,000 after buying an additional 36,542 shares in the last quarter. ClariVest Asset Management LLC increased its stake in shares of AXT by 43.4% in the third quarter. ClariVest Asset Management LLC now owns 369,640 shares of the company’s stock worth $1,918,000 after buying an additional 111,959 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of AXT during the third quarter worth approximately $983,000. 44.51% of the stock is currently owned by institutional investors.

A number of research analysts recently issued reports on AXTI shares. B. Riley restated a “buy” rating and set a $6.75 target price on shares of AXT in a research report on Tuesday, November 1st. Needham & Company LLC boosted their target price on shares of AXT from $5.50 to $6.50 and gave the company a “buy” rating in a research report on Thursday, October 27th. Zacks Investment Research downgraded shares of AXT from a “buy” rating to a “hold” rating in a research report on Friday, August 19th. Finally, Northland Securities boosted their target price on shares of AXT from $4.50 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, September 29th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $6.19.

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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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