November 24, 2016 - By Hazel Jackson
Judging by the trade Morris Young made he is in the spotlight today. The Chief Executive Officer of Axt Inc and an insider, sold 3,522 shares worth $18,314 U.S Dollars. The average price was $5.2 per share. Morris Young currently has rights to 1.15 million shares or 3.54% of Axt Inc’s market cap.
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. Needham maintained the stock with “Buy” rating in Thursday, October 27 report. Craig Hallum upgraded the stock to “Buy” rating in Tuesday, May 3 report. The stock has “Buy” rating given by B. Riley & Co on Wednesday, December 9.
Insitutional Activity: The institutional sentiment increased to 2.25 in Q2 2016. Its up 0.63, from 1.62 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.
Dimensional Fund Advsr L P reported 1.89 million shares or 0% of all its holdings. Focused Wealth last reported 1,000 shares in the company. Jpmorgan Chase Communication has 0% invested in the company for 12,400 shares. State Street, a Massachusetts-based fund reported 18,513 shares. California Public Employees Retirement System reported 130,400 shares or 0% of all its holdings. Tower Cap Ltd Liability Corp (Trc) has 0% invested in the company for 2,540 shares. The Pennsylvania-based Vanguard Grp has invested 0% in AXT Inc (NASDAQ:AXTI). Morgan Stanley last reported 0% of its portfolio in the stock. Financial Bank Of America De holds 1,657 shares or 0% of its portfolio. Jacobs Levy Equity accumulated 0% or 65,100 shares. Blackrock Institutional Trust Na has 827,231 shares for 0% of their US portfolio. Perritt Cap Mgmt holds 1.55% of its portfolio in AXT Inc (NASDAQ:AXTI) for 1.84M shares. Moreover, Brandywine Glob Mngmt Limited Co has 0% invested in AXT Inc (NASDAQ:AXTI) for 25,300 shares. Bancshares Of Ny Mellon holds 0% of its portfolio in AXT Inc (NASDAQ:AXTI) for 65,472 shares. Clarivest Asset Mgmt Ltd Liability accumulated 257,681 shares or 0.02% of the stock.
Insider Transactions: Since August 29, 2016, the stock had 0 insider buys, and 6 insider sales for $988,357 net activity. On Tuesday, November 8 the insider LEBLANC LEONARD J sold $26,050. On Monday, August 29 Ochrym Robert G sold $116,673 worth of the stock or 26,577 shares. 16,388 shares were sold by CHEN JESSE, worth $86,856 on Tuesday, November 22.
The stock increased 0.99% or $0.05 on November 23, hitting $5.1. About 140,232 shares traded hands. AXT Inc (NASDAQ:AXTI) has risen 98.44% since April 22, 2016 and is uptrending. It has outperformed by 93.03% 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 $159.73 million. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It has a 85.47 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 EPS, up 175.00% or $0.07 from last year’s $-0.04 per share. AXTI’s profit will be $939,588 for 42.50 P/E if the $0.03 EPS becomes a reality. After $0.07 actual EPS reported by AXT Inc for the previous quarter, Wall Street now forecasts -57.14% negative EPS growth.
More important recent AXT Inc (NASDAQ:AXTI) news were published by: Streetinsider.com which released: “Form 4 AXT INC For: Nov 22 Filed by: YOUNG MORRIS S” on November 24, 2016, also Zacks.com published article titled: “Bull of the Day: AXT Inc (AXTI)”, Quotes.Wsj.com published: “News AXT Inc.AXTI” on February 11, 2011. More interesting news about AXT Inc (NASDAQ:AXTI) was released by: Globenewswire.com and their article: “AXT, Inc. Announces Second Quarter 2016 Financial Results” with publication date: July 27, 2016.
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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