News headlines about AXT (NASDAQ:AXTI) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. AXT earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 46.733273238255 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- AXT, Inc. – Value Analysis (NASDAQ:AXTI) : November 10, 2017 (finance.yahoo.com)
- AXT, Inc. breached its 50 day moving average in a Bullish Manner : AXTI-US : November 9, 2017 (finance.yahoo.com)
- Zacks Investment Research Downgrades AXT Inc (AXTI) to Hold (americanbankingnews.com)
- AXT Inc (AXTI) CEO Morris S. Young Sells 50,000 Shares (americanbankingnews.com)
- AXT Inc (AXTI) VP Robert G. Ochrym Sells 8,125 Shares (americanbankingnews.com)
AXT (NASDAQ:AXTI) traded up $0.05 during midday trading on Monday, reaching $8.75. 269,800 shares of the company were exchanged, compared to its average volume of 601,683. The firm has a market capitalization of $340.30, a P/E ratio of 36.46, a PEG ratio of 1.92 and a beta of 1.13. AXT has a 52 week low of $4.35 and a 52 week high of $9.70.
AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $28.17 million during the quarter, compared to the consensus estimate of $27.05 million. AXT had a net margin of 9.96% and a return on equity of 5.67%. The company’s revenue was up 28.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 earnings per share. analysts expect that AXT will post 0.26 EPS for the current year.
A number of research firms recently issued reports on AXTI. BidaskClub downgraded shares of AXT from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 7th. B. Riley restated a “neutral” rating and set a $8.50 target price on shares of AXT in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a research report on Friday, August 18th. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of AXT in a research report on Sunday, September 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $9.95.
In other AXT news, CEO Morris S. Young sold 50,000 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $8.86, for a total value of $443,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert G. Ochrym sold 8,125 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $8.80, for a total transaction of $71,500.00. Following the completion of the transaction, the vice president now owns 44,125 shares of the company’s stock, valued at approximately $388,300. The disclosure for this sale can be found here. Corporate insiders own 6.90% of the company’s stock.
AXT, Inc (AXT) 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 Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.
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