AXT Inc. (AXTI) CEO Morris S. Young Sells 45,068 Shares of Stock
AXT Inc. (NASDAQ:AXTI) CEO Morris S. Young sold 45,068 shares of the business’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $5.12, for a total value of $230,748.16. Following the completion of the sale, the chief executive officer now owns 1,139,504 shares of the company’s stock, valued at approximately $5,834,260.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Morris S. Young also recently made the following trade(s):
- On Tuesday, November 22nd, Morris S. Young sold 3,522 shares of AXT stock. The stock was sold at an average price of $5.20, for a total value of $18,314.40.
AXT Inc. (NASDAQ:AXTI) opened at 4.95 on Wednesday. The stock’s 50 day moving average price is $5.26 and its 200 day moving average price is $4.25. The stock has a market capitalization of $159.43 million, a PE ratio of 81.15 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 results on Wednesday, October 26th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. AXT had a return on equity of 1.62% and a net margin of 2.75%. The company earned $21.90 million during the quarter, compared to analyst estimates of $12.52 billion. AXT’s revenue was up 19.2% on a year-over-year basis. On average, equities research analysts predict that AXT Inc. will post $0.14 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in AXTI. A.R.T. Advisors LLC bought a new stake in AXT during the second quarter valued at about $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 last quarter. Panagora Asset Management Inc. acquired a new stake in shares of AXT during the third quarter valued at $120,000. Acadian Asset Management LLC acquired a new stake in shares of AXT during the second quarter valued at $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 last quarter. 45.45% of the stock is owned by institutional investors.
A number of equities analysts have commented on AXTI shares. Northland Securities lifted their price target on AXT from $4.50 to $7.00 and gave the stock an “outperform” rating in a research note on Thursday, September 29th. Zacks Investment Research raised AXT from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a research note on Tuesday, August 23rd. Needham & Company LLC lifted their price target on AXT from $5.50 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, October 27th. Finally, B. Riley reaffirmed a “buy” rating and issued a $6.75 price target on shares of AXT in a research note on Tuesday, November 1st. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $6.19.
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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