November 23, 2016 - By whatsonthorold
According to a report that’s submitted to the U.S. SEC on 23-11-2016, Jesse Chen, director of Axt Inc and a well informed person, sold 16,388 shares of the company and paid for these around $86,856 U.S. Dollars based on an average share price of $5.3. He also unloaded 65,593 shares worth total $343,743 USD in the last month. Jesse Chen owns around 0.40% of Axt Inc’s market cap or 127,278 shares.
Out of 3 analysts covering AXT Inc (NASDAQ:AXTI), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. AXT Inc has been the topic of 3 analyst reports since December 9, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, May 3 by Craig Hallum. The company was maintained on Thursday, October 27 by Needham. B. Riley & Co upgraded AXT Inc (NASDAQ:AXTI) on Wednesday, December 9 to “Buy” rating.
Insitutional Activity: The institutional sentiment increased to 2.25 in 2016 Q2. Its up 0.63, from 1.62 in 2016Q1. The ratio increased, 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.
Acadian Asset Mgmt has invested 0% of its portfolio in AXT Inc (NASDAQ:AXTI). Pacific Ridge Cap Prns Ltd Liability Corporation accumulated 0.9% or 623,790 shares. Bank Of Ny Mellon Corp last reported 65,472 shares in the company. California Pub Employees Retirement reported 130,400 shares or 0% of all its holdings. Moreover, Princeton Mngmt has 1.03% invested in AXT Inc (NASDAQ:AXTI) for 466,550 shares. Renaissance Technologies Ltd Liability Company holds 0% or 800,625 shares in its portfolio. Jacobs Levy Equity Management has invested 0% of its portfolio in AXT Inc (NASDAQ:AXTI). Brandywine Mgmt Lc has 25,300 shares for 0% of their US portfolio. Bridgeway Capital Mngmt has 326,006 shares for 0.02% of their US portfolio. Moreover, Art Advsr Ltd Liability has 0.01% invested in AXT Inc (NASDAQ:AXTI) for 31,855 shares. Tfs Cap Ltd Com has 0.01% invested in the company for 14,725 shares. Vanguard Grp accumulated 0% or 1.42M shares. Blackrock Institutional Na holds 827,231 shares or 0% of its portfolio. Deutsche Natl Bank Ag holds 0% of its portfolio in AXT Inc (NASDAQ:AXTI) for 232,678 shares. State Street, a Massachusetts-based fund reported 18,513 shares.
Insider Transactions: Since August 29, 2016, the stock had 0 buys, and 5 selling transactions for $901,501 net activity. Another trade for 81,861 shares valued at $415,035 was sold by Ochrym Robert G. CHEN JESSE sold $209,843 worth of stock or 39,593 shares. LEBLANC LEONARD J also sold $26,050 worth of AXT Inc (NASDAQ:AXTI) on Tuesday, November 8.
About 69,779 shares traded hands. AXT Inc (NASDAQ:AXTI) has risen 98.04% since April 21, 2016 and is uptrending. It has outperformed by 92.71% the S&P500.
AXT, Inc. is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The company has a market cap of $157.79 million. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It has a 84.43 P/E ratio. The Firm is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
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.”
Analysts await AXT Inc (NASDAQ:AXTI) to report earnings on February, 22. They expect $0.03 earnings per share, up 175.00% or $0.07 from last year’s $-0.04 per share. AXTI’s profit will be $939,226 for 42.00 P/E if the $0.03 EPS becomes a reality. After $0.07 actual earnings per share reported by AXT Inc for the previous quarter, Wall Street now forecasts -57.14% negative EPS growth.
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 Streetinsider.com published the news titled: “Form 4 AXT INC For: Nov 21 Filed by: CHEN JESSE” on November 22, 2016. Quotes.Wsj.com‘s news article titled: “News AXT Inc.AXTI” with publication date: February 11, 2011 was also an interesting one.
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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