Shares of AXT Inc (NASDAQ:AXTI) have been given an average rating of “Hold” by the seven research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $8.50.

A number of research analysts have recently weighed in on the company. Dougherty & Co reissued a “buy” rating on shares of AXT in a research note on Wednesday, August 1st. Zacks Investment Research downgraded AXT from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. BidaskClub raised AXT from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 16th. B. Riley cut their price target on AXT from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Finally, ValuEngine downgraded AXT from a “hold” rating to a “sell” rating in a research note on Friday, August 17th.

Several hedge funds have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new stake in shares of AXT in the 2nd quarter valued at $112,000. MetLife Investment Advisors LLC increased its position in shares of AXT by 220.7% in the 2nd quarter. MetLife Investment Advisors LLC now owns 18,990 shares of the semiconductor company’s stock valued at $134,000 after buying an additional 13,069 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of AXT in the 2nd quarter valued at $141,000. Bank of America Corp DE increased its position in shares of AXT by 804.2% in the 2nd quarter. Bank of America Corp DE now owns 31,746 shares of the semiconductor company’s stock valued at $223,000 after buying an additional 28,235 shares in the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of AXT in the 3rd quarter valued at $382,000. 55.79% of the stock is currently owned by institutional investors.

NASDAQ:AXTI opened at $5.73 on Friday. AXT has a 52-week low of $5.27 and a 52-week high of $10.75. The firm has a market cap of $230.74 million, a price-to-earnings ratio of 22.04, a PEG ratio of 1.16 and a beta of 1.18.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Wednesday, October 31st. The semiconductor company reported $0.10 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.10. The company had revenue of $28.63 million for the quarter, compared to the consensus estimate of $28.14 million. AXT had a return on equity of 7.34% and a net margin of 13.00%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 EPS. Equities analysts expect that AXT will post 0.34 earnings per share for the current year.

AXT Company Profile

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It manufactures 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, lasers, military wireless RF amplifiers, infrared motion control, and infrared thermal imaging products.

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