Somewhat Positive News Coverage Somewhat Unlikely to Impact AXT (AXTI) Stock Price
News articles about AXT (NASDAQ:AXTI) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AXT earned a news impact score of 0.05 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.4952627392084 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of AXT (NASDAQ AXTI) traded up 1.08% on Friday, reaching $9.35. The company had a trading volume of 455,273 shares. The company’s 50-day moving average is $8.32 and its 200-day moving average is $7.15. The company has a market capitalization of $358.82 million, a PE ratio of 46.75 and a beta of 1.16. AXT has a one year low of $4.35 and a one year high of $9.70.
AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Wednesday, July 26th. The semiconductor company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $23.56 million during the quarter, compared to the consensus estimate of $22.55 million. AXT had a net margin of 8.15% and a return on equity of 4.61%. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. Equities research analysts predict that AXT will post $0.24 earnings per share for the current year.
A number of research analysts have recently commented on AXTI shares. Dougherty & Co reiterated a “buy” rating on shares of AXT in a research note on Saturday, June 17th. BidaskClub upgraded AXT from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. B. Riley reiterated a “neutral” rating and issued a $7.00 price target on shares of AXT in a research note on Friday, July 21st. BWS Financial increased their price target on AXT from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research note on Friday, July 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.65.
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In other news, Director David C. Chang sold 9,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $8.80, for a total transaction of $79,200.00. Following the completion of the transaction, the director now directly owns 164,807 shares of the company’s stock, valued at $1,450,301.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Morris S. Young sold 92,896 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.54, for a total transaction of $793,331.84. Following the transaction, the chief executive officer now directly owns 1,213,200 shares of the company’s stock, valued at $10,360,728. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.
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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