Dougherty & Co Reiterates “Buy” Rating for AXT (AXTI)
Several other brokerages have also issued reports on AXTI. Zacks Investment Research lowered shares of AXT from a buy rating to a hold rating in a research note on Wednesday, November 8th. B. Riley raised their target price on shares of AXT from $8.50 to $8.75 and gave the company a neutral rating in a research note on Thursday, October 26th. Needham & Company LLC reaffirmed a buy rating and issued a $11.00 target price (up previously from $10.00) on shares of AXT in a research note on Thursday, October 26th. Finally, BidaskClub lowered shares of AXT from a strong-buy rating to a buy rating in a research note on Tuesday, December 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. AXT has a consensus rating of Buy and an average target price of $10.25.
Shares of AXT (AXTI) opened at $7.48 on Thursday. The firm has a market cap of $272.24, a PE ratio of 28.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.01. AXT has a 1 year low of $5.10 and a 1 year high of $10.75.
Several hedge funds and other institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new position in shares of AXT in the 4th quarter valued at about $166,000. Two Sigma Investments LP boosted its stake in shares of AXT by 31.9% in the 4th quarter. Two Sigma Investments LP now owns 205,370 shares of the semiconductor company’s stock valued at $1,787,000 after purchasing an additional 49,611 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of AXT by 169.3% in the 4th quarter. Two Sigma Advisers LP now owns 79,700 shares of the semiconductor company’s stock valued at $693,000 after purchasing an additional 50,100 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of AXT by 124.5% in the 4th quarter. Deutsche Bank AG now owns 84,280 shares of the semiconductor company’s stock valued at $732,000 after purchasing an additional 46,747 shares during the last quarter. Finally, Princeton Capital Management LLC bought a new position in shares of AXT in the 4th quarter valued at about $2,223,000. 59.02% of the stock is currently owned by institutional investors.
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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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