November 29, 2016 - By Linda Rogers
Considering the trade Morris Young made he is in the traders attention today. The Chief Executive Officer of Axt Inc and an insider, made a sale of 45,068 shares worth $230,883 USD. The average price was $5.1 per share. In the last month, he also sold 3,522 shares with a market value $18,314 USD. The probability of this stocks unloading remaining unseen is quite small, with the Chief Executive Officer now holding 1.10 million shares — that is 3.57% of the stock market capitalization of Axt Inc.
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 stock has “Buy” rating given by Needham on Thursday, October 27. The firm has “Buy” rating given on Wednesday, December 9 by B. Riley & Co. Craig Hallum upgraded the shares of AXTI in a report on Tuesday, May 3 to “Buy” rating.
Insitutional Activity: The institutional sentiment increased to 2.25 in Q2 2016. 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.
Jacobs Levy Equity Management has invested 0% of its portfolio in AXT Inc (NASDAQ:AXTI). Vanguard owns 1.42M shares or 0% of their US portfolio. The New Jersey-based Princeton Cap Management Incorporated has invested 1.03% in AXT Inc (NASDAQ:AXTI). California Pub Employees Retirement accumulated 0% or 130,400 shares. Moreover, Tower Cap (Trc) has 0% invested in AXT Inc (NASDAQ:AXTI) for 2,540 shares. The California-based Clarivest Asset Mngmt Limited Liability has invested 0.02% in AXT Inc (NASDAQ:AXTI). Focused Wealth Management reported 1,000 shares or 0% of all its holdings. Brandywine Global Inv Management Limited Liability, a Pennsylvania-based fund reported 25,300 shares. Moreover, Thompson Siegel & Walmsley Ltd Limited Liability Company has 0% invested in AXT Inc (NASDAQ:AXTI) for 5,400 shares. Blackrock Investment Management Limited Liability Company last reported 0% of its portfolio in the stock. Deutsche Bankshares Ag owns 232,678 shares or 0% of their US portfolio. Savings Bank Of Mellon last reported 0% of its portfolio in the stock. Mufg Americas Holding accumulated 0% or 2,760 shares. Blackrock Fund Advsrs holds 0% of its portfolio in AXT Inc (NASDAQ:AXTI) for 84,042 shares. State Street Corp has 18,513 shares for 0% of their US portfolio.
Insider Transactions: Since August 29, 2016, the stock had 0 buys, and 7 selling transactions for $1.01 million net activity. $116,673 worth of AXT Inc (NASDAQ:AXTI) shares were sold by Ochrym Robert G. CHEN JESSE sold $133,900 worth of stock. Shares for $18,314 were sold by YOUNG MORRIS S. Another trade for 5,000 shares valued at $26,050 was made by LEBLANC LEONARD J on Tuesday, November 8.
About 145,110 shares traded hands. AXT Inc (NASDAQ:AXTI) has risen 90.30% since April 26, 2016 and is uptrending. It has outperformed by 85.04% 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 $160.36 million. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It has a 82.54 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 $975,822 for 41.08 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 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 Quotes.Wsj.com published the news titled: “News AXT Inc.AXTI” on February 11, 2011. Globenewswire.com‘s news article titled: “AXT, Inc. Announces Second Quarter 2016 Financial Results” with publication date: July 27, 2016 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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By Linda Rogers