AXT, Inc. (NASDAQ:AXTI) Receives $6.58 Consensus Goal Worth from Brokerages


Stocks of AXT, Inc. (NASDAQ:AXTIGet Loose Document) were assigned a median ranking of “Average Purchase” from the six rankings corporations which might be recently protecting the company, Marketbeat stories. Two equities analysis analysts have rated the inventory with a cling advice and 4 have given a purchase advice to the corporate. The typical twelve-month goal value amongst brokerages that experience issued a record at the inventory within the final yr is $6.58.

A number of analysis corporations just lately weighed in on AXTI. StockNews.com began protection on AXT in a analysis record on Thursday, August seventeenth. They set a “promote” ranking at the inventory. Wedbush reiterated an “outperform” ranking and set a $10.00 goal value on stocks of AXT in a record on Wednesday, August second. TheStreet downgraded AXT from a “c-” ranking to a “d” ranking in a record on Thursday, August third. In the end, Needham & Corporate LLC reiterated a “purchase” ranking and issued a $5.00 goal value on stocks of AXT in a analysis record on Friday, August 4th.

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Institutional Inflows and Outflows

Various institutional traders and hedge budget have just lately purchased and bought stocks of AXTI. First Wilshire Securities Control Inc. lifted its place in stocks of AXT via 122.0% within the first quarter. First Wilshire Securities Control Inc. now owns 1,041,401 stocks of the semiconductor corporate’s inventory value $4,145,000 after purchasing an extra 572,221 stocks all over the final quarter. Portolan Capital Control LLC bought a brand new place in stocks of AXT all over the first quarter valued at about $2,139,000. Granahan Funding Control LLC higher its holdings in stocks of AXT via 41.1% all over the 4th quarter. Granahan Funding Control LLC now owns 1,433,444 stocks of the semiconductor corporate’s inventory valued at $6,278,000 after obtaining an extra 417,483 stocks all over the final quarter. Needham Funding Control LLC higher its holdings in stocks of AXT via 18.2% all over the 4th quarter. Needham Funding Control LLC now owns 1,460,450 stocks of the semiconductor corporate’s inventory valued at $6,397,000 after obtaining an extra 225,000 stocks all over the final quarter. In the end, Renaissance Applied sciences LLC boosted its stake in AXT via 69.6% all over the second quarter. Renaissance Applied sciences LLC now owns 369,012 stocks of the semiconductor corporate’s inventory valued at $1,269,000 after buying an extra 151,403 stocks all over the length. Hedge budget and different institutional traders personal 57.92% of the corporate’s inventory.

AXT Inventory Efficiency

Stocks of AXTI opened at $2.28 on Friday. AXT has a 12-month low of $2.20 and a 12-month prime of $9.67. The corporate’s 50-day shifting reasonable value is $2.92 and its 200 day shifting reasonable value is $3.50.

AXT (NASDAQ:AXTIGet Loose Document) final launched its income effects on Thursday, August third. The semiconductor corporate reported ($0.12) income in step with percentage for the quarter, assembly the consensus estimate of ($0.12). AXT had a unfavourable go back on fairness of 0.56% and a unfavourable web margin of one.34%. The corporate had earnings of $18.60 million all over the quarter, in comparison to the consensus estimate of $20.26 million. On reasonable, analysts forecast that AXT will submit -0.46 income in step with percentage for the present fiscal yr.

AXT Corporate Profile

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AXT, Inc designs, develops, manufactures, and distributes compound and unmarried component semiconductor substrates. It produces semiconductor substrates the use of its proprietary vertical gradient freeze era. The corporate gives indium phosphide to be used in information heart connectivity the use of gentle/lasers, 5G communications, fiber optic lasers and detectors, passive optical networks, silicon photonics, photonic built-in circuits, terrestrial sun cells, RF amplifier and switching, infrared light-emitting diode (LEDS) movement keep an eye on, lidar for robotics and self reliant automobiles, and infrared thermal imaging.

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Analyst Recommendations for AXT (NASDAQ:AXTI)

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