Somewhat Favorable Press Coverage Somewhat Unlikely to Affect AXT (AXTI) Share Price
News coverage about AXT (NASDAQ:AXTI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AXT earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 45.9238359243714 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- AXT’s (AXTI) Buy Rating Reiterated at Needham & Company LLC (americanbankingnews.com)
- AXT, Inc. (AXTI) registers a price change of -1.15% while Endurance International Group Holdings, Inc. (EIGI … – Stocks Gallery (stocksgallery.com)
- AXT, Inc. (AXTI) registers a price change of -1.15% while Endurance … – Stocks Gallery (stocksgallery.com)
- Technical Research on Semiconductor Equities — MoSys, Applied Optoelectronics, Analog Devices, and AXT Inc. – Markets Insider (markets.businessinsider.com)
- AXT, Inc. (AXTI) Reports Purchase of New Manufacturing Facility in Dingxing, China – StreetInsider.com (streetinsider.com)
Shares of AXT (NASDAQ:AXTI) traded up 0.57% during midday trading on Monday, reaching $8.85. 535,405 shares of the company’s stock traded hands. AXT has a 52 week low of $4.35 and a 52 week high of $9.50. The stock’s 50 day moving average is $7.91 and its 200-day moving average is $6.92. The company has a market capitalization of $339.64 million, a PE ratio of 44.25 and a beta of 1.13.
AXT (NASDAQ:AXTI) last posted its earnings results on Wednesday, July 26th. The semiconductor company reported $0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.05. The company had revenue of $23.56 million for the quarter, compared to analyst estimates of $22.55 million. AXT had a return on equity of 4.59% and a net margin of 7.63%. AXT’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.03 earnings per share. On average, analysts forecast that AXT will post $0.24 earnings per share for the current fiscal year.
Several brokerages have issued reports on AXTI. Dougherty & Co reaffirmed a “buy” rating on shares of AXT in a research note on Saturday, June 17th. B. Riley reaffirmed a “neutral” rating and set a $7.00 target price on shares of AXT in a research note on Friday, July 21st. BWS Financial lifted their target price on shares of AXT from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research raised shares of AXT from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research note on Friday. Finally, BidaskClub raised shares of AXT from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $9.21.
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In other AXT news, Director David C. Chang sold 9,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $8.80, for a total value of $79,200.00. Following the sale, the director now owns 164,807 shares of the company’s stock, valued at $1,450,301.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Morris S. Young sold 92,896 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.54, for a total value of $793,331.84. Following the completion of the sale, the chief executive officer now directly owns 1,213,200 shares in the company, valued at approximately $10,360,728. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate insiders.
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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