AXT (AXTI) Given Daily Coverage Optimism Score of 0.06
Headlines about AXT (NASDAQ:AXTI) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AXT earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 44.3318914755711 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Investors Buy High Volume of AXT Call Options (AXTI) (americanbankingnews.com)
- Axalta Confirms Acquisition Discussions with Nippon Paint (markets.financialcontent.com)
- Hot Stock’s Trend Recap: AXT Inc (NASDAQ: AXTI) – Alpha Beta Stock (alphabetastock.com)
- Stocks News Update: AXT, Inc. (NASDAQ:AXTI) a Semiconductor – Integrated Circuits Company – The Stock Street (press release) (thestreetpoint.com)
- AXT Inc (AXTI) CEO Sells $292,800.00 in Stock (americanbankingnews.com)
Shares of AXT (AXTI) opened at $10.35 on Friday. The stock has a market capitalization of $402.52, a PE ratio of 43.13, a PEG ratio of 2.27 and a beta of 1.13. AXT has a 12-month low of $4.35 and a 12-month high of $10.75.
AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.02. The firm had revenue of $28.17 million during the quarter, compared to the consensus estimate of $27.05 million. AXT had a return on equity of 5.67% and a net margin of 9.96%. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. During the same quarter last year, the company posted $0.07 EPS. equities analysts expect that AXT will post 0.26 earnings per share for the current year.
AXTI has been the subject of several analyst reports. BidaskClub downgraded AXT from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. 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 report on Friday, July 28th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of AXT in a research report on Sunday, September 17th. BWS Financial lifted their price target on AXT from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, B. Riley reiterated a “hold” rating and set a $8.50 price target on shares of AXT in a research report on Tuesday, October 24th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $9.95.
In other news, CFO Gary L. Fischer sold 20,000 shares of AXT stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $9.16, for a total transaction of $183,200.00. Following the completion of the sale, the chief financial officer now owns 84,515 shares in the company, valued at approximately $774,157.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Robert G. Ochrym sold 8,125 shares of AXT stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $8.80, for a total value of $71,500.00. Following the sale, the vice president now owns 44,125 shares of the company’s stock, valued at approximately $388,300. The disclosure for this sale can be found here. In the last quarter, insiders have sold 133,375 shares of company stock valued at $1,216,235. Corporate insiders own 6.90% of the company’s stock.
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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