Shares of AXT Inc (NASDAQ:AXTI) have received an average rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.25.

AXTI has been the subject of a number of analyst reports. Zacks Investment Research upgraded AXT from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. B. Riley cut their price target on AXT to $6.25 and set a “buy” rating for the company in a research note on Tuesday, January 15th. Finally, ValuEngine upgraded AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 23rd.

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in AXT by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,320,596 shares of the semiconductor company’s stock worth $23,742,000 after buying an additional 39,600 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of AXT by 42.5% during the 4th quarter. Rhumbline Advisers now owns 52,855 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 15,765 shares during the last quarter. Raging Capital Management LLC bought a new position in shares of AXT during the 4th quarter valued at about $1,959,000. Delta Investment Management LLC bought a new position in shares of AXT during the 4th quarter valued at about $190,000. Finally, Royce & Associates LP boosted its holdings in shares of AXT by 15.3% during the 4th quarter. Royce & Associates LP now owns 2,144,784 shares of the semiconductor company’s stock valued at $9,330,000 after purchasing an additional 284,200 shares during the last quarter. Institutional investors and hedge funds own 54.91% of the company’s stock.

Shares of NASDAQ:AXTI traded up $0.01 during midday trading on Friday, hitting $5.43. The company had a trading volume of 209,051 shares, compared to its average volume of 328,423. The firm has a market capitalization of $216.78 million, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.87 and a beta of 1.29. AXT has a 12-month low of $3.70 and a 12-month high of $9.38.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Wednesday, April 24th. The semiconductor company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The firm had revenue of $20.20 million during the quarter, compared to analyst estimates of $20.69 million. AXT had a return on equity of 2.98% and a net margin of 5.78%. AXT’s revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.07 EPS. Research analysts anticipate that AXT will post 0.13 earnings per share for the current year.

About AXT

AXT, Inc researches, develops, and produces compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide (InP) for use in fiber optic lasers and detectors, passive optical networks, data center connectivity, silicon photonics, photonic integrated circuits, terrestrial solar cells, radio frequency amplifier and switching, infrared light-emitting diode (LEDs) motion control, and infrared thermal imaging.

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