The stock of AXT Inc (NASDAQ:AXTI) hit a new 52-week high and has $7.53 target or 42.00% above today’s $5.30 share price. The 5 months bullish chart indicates low risk for the $180.36 million company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $7.53 price target is reached, the company will be worth $75.75M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 54,431 shares traded hands. AXT Inc (NASDAQ:AXTI) has risen 106.77% since February 29, 2016 and is uptrending. It has outperformed by 94.56% the S&P500.
Analysts await AXT Inc (NASDAQ:AXTI) to report earnings on November, 3. AXTI’s profit will be $680,604 for 66.25 P/E if the $0.02 EPS becomes a reality. After $0.03 actual EPS reported by AXT Inc for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
AXT Inc (NASDAQ:AXTI) Ratings Coverage
Out of 2 analysts covering AXT Inc (NASDAQ:AXTI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. AXT Inc has been the topic of 2 analyst reports since December 9, 2015 according to StockzIntelligence Inc. [Broker1] [Action1] the stock on [Date1] ^with/to1^ [Rating1] rating. [Broker2] [Action2] it ^with/to2^ [Rating2] rating and [Target2] target price in [Date2] report. [Broker3] [Action3] the shares of AXTI in a report on [Date3] ^with/to3^ [Rating3] rating. [Broker4] [Action4] the firm’s rating on [Date4]. [Broker4] has [Rating4] rating and [Target4] price target. Lastly, [Broker5] [Action5] the stock ^with/to5^ [Rating5] rating in [Date5] report. The rating was upgraded by Craig Hallum on Tuesday, May 3 to “Buy”. The rating was upgraded by B. Riley & Co on Wednesday, December 9 to “Buy”.
According to Zacks Investment Research, “AXT, Inc., designs, develops, manufactures and distributes high-performance compound semiconductor substrates, as well as opto-electronic semiconductor devices such as high-brightness light emitting devices, and vertical cavity surface emitting lasers.”
Insitutional Activity: The institutional sentiment increased to 1.62 in Q2 2016. Its up 0.77, from 0.85 in 2016Q1. The ratio is positive, as 2 funds sold all AXT Inc shares owned while 11 reduced positions. 12 funds bought stakes while 9 increased positions. They now own 13.17 million shares or 0.47% more from 13.11 million shares in 2016Q1.
Moreover, Zpr has 0.08% invested in AXT Inc (NASDAQ:AXTI) for 12,434 shares. Northern, a Illinois-based fund reported 75,845 shares. Jacobs Levy Equity Mngmt last reported 65,100 shares in the company. Princeton Capital last reported 1.03% of its portfolio in the stock. Ladenburg Thalmann Financial has 1,450 shares for 0% of their US portfolio. Ancora Limited Co last reported 0.1% of its portfolio in the stock. Thompson Siegel Walmsley accumulated 0% or 5,400 shares. Vanguard Gp has 0% invested in the company for 1.42M shares. Susquehanna Llp holds 0% or 19,110 shares in its portfolio. Pacific Ridge Prtn Ltd Co, a Oregon-based fund reported 623,790 shares. Ariel has invested 0.1% of its portfolio in AXT Inc (NASDAQ:AXTI). Dimensional Fund Advsrs L P holds 1.89 million shares or 0% of its portfolio. Focused Wealth has 0% invested in the company for 1,000 shares. California Pub Employees Retirement has 130,400 shares for 0% of their US portfolio. National Bank Of America De accumulated 0% or 1,657 shares.
Insider Transactions: Since August 29, 2016, the stock had 0 insider buys, and 1 insider sale for $116,673 net activity. Ochrym Robert G sold $116,673 worth of AXT Inc (NASDAQ:AXTI) on Monday, August 29.
More recent AXT Inc (NASDAQ:AXTI) news were published by: Zacks.com which released: “Bull of the Day: AXT Inc (AXTI)” on September 20, 2016. Also Zacks.com published the news titled: “Surging Earnings Estimates Signal Good News for AXT Inc. (AXTI)” on September 20, 2016. Streetinsider.com‘s news article titled: “AXT, Inc. (AXTI) Tops Q2 EPS by 2c” with publication date: July 27, 2016 was also an interesting one.
AXTI Company Profile
AXT, Inc. (AXT), incorporated in November 13, 1997, 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 Firm is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials. The Firm provides alternative or specialty materials in the form of substrates or wafers, including compound and single element substrates. The Company’s compound substrates combine indium with phosphorous (InP) or gallium with arsenic (GaAs). The Company’s single element substrates are made from germanium (Ge).
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