News stories about AXT (NASDAQ:AXTI) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AXT earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 46.0201777327429 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

A number of research analysts have recently issued reports on the company. BidaskClub cut AXT from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Zacks Investment Research cut AXT from a “buy” rating to a “hold” rating in a research note on Monday, January 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective (up from $10.00) on shares of AXT in a research note on Thursday, October 26th. Finally, B. Riley raised their price objective on AXT from $8.50 to $8.75 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.90.

Shares of AXT (NASDAQ:AXTI) opened at $7.75 on Monday. The stock has a market capitalization of $301.41, a PE ratio of 32.29, a P/E/G ratio of 1.03 and a beta of 1.01. AXT has a 12 month low of $5.10 and a 12 month high of $10.75.

In related news, CEO Morris S. Young sold 30,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $9.76, for a total value of $292,800.00. Following the sale, the chief executive officer now directly owns 1,211,970 shares of the company’s stock, valued at $11,828,827.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gary L. Fischer sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $9.16, for a total value of $183,200.00. Following the completion of the sale, the chief financial officer now directly owns 84,515 shares in the company, valued at $774,157.40. The disclosure for this sale can be found here. Insiders sold 75,250 shares of company stock worth $701,735 over the last three months. 6.90% of the stock is owned by insiders.

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About AXT

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.

Insider Buying and Selling by Quarter for AXT (NASDAQ:AXTI)

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