AXT Inc (AXTI) Holdings Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in AXT Inc (NASDAQ:AXTI) by 8.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 469,913 shares of the semiconductor company’s stock after purchasing an additional 37,188 shares during the period. Wells Fargo & Company MN’s holdings in AXT were worth $4,300,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP increased its position in AXT by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,877,282 shares of the semiconductor company’s stock worth $18,271,000 after buying an additional 284,259 shares during the period. Vanguard Group Inc. increased its position in AXT by 11.8% in the 2nd quarter. Vanguard Group Inc. now owns 1,629,223 shares of the semiconductor company’s stock worth $10,346,000 after buying an additional 172,194 shares during the period. Hood River Capital Management LLC increased its position in AXT by 28.1% in the 3rd quarter. Hood River Capital Management LLC now owns 1,292,928 shares of the semiconductor company’s stock worth $11,830,000 after buying an additional 283,909 shares during the period. Systematic Financial Management LP increased its position in AXT by 14.6% in the 3rd quarter. Systematic Financial Management LP now owns 682,711 shares of the semiconductor company’s stock worth $6,247,000 after buying an additional 87,121 shares during the period. Finally, EAM Investors LLC increased its position in AXT by 3.3% in the 3rd quarter. EAM Investors LLC now owns 623,639 shares of the semiconductor company’s stock worth $5,706,000 after buying an additional 20,185 shares during the period. 60.36% of the stock is currently owned by institutional investors.

Shares of AXT Inc (NASDAQ AXTI) opened at $8.95 on Friday. The stock has a market capitalization of $348.07, a P/E ratio of 37.29, a PEG ratio of 1.17 and a beta of 1.11. AXT Inc has a 1 year low of $4.90 and a 1 year high of $10.75.

AXT (NASDAQ:AXTI) last released its quarterly earnings data on Wednesday, October 25th. The semiconductor company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $28.17 million for the quarter, compared to analysts’ expectations of $27.05 million. AXT had a return on equity of 5.67% and a net margin of 9.96%. AXT’s quarterly revenue was up 28.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 earnings per share. equities analysts forecast that AXT Inc will post 0.25 EPS for the current fiscal year.

Several research analysts have commented on AXTI shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of AXT in a research report on Sunday, September 17th. Zacks Investment Research raised AXT from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Friday, September 15th. BidaskClub downgraded AXT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, B. Riley lifted their price target on AXT from $8.50 to $8.75 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $9.90.

In other news, CEO Morris S. Young sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $8.86, for a total transaction of $443,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert G. Ochrym sold 25,250 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $8.94, for a total value of $225,735.00. Following the sale, the vice president now owns 10,750 shares in the company, valued at $96,105. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 133,375 shares of company stock worth $1,216,235. 6.90% of the stock is currently owned by company insiders.

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AXT Company Profile

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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Institutional Ownership by Quarter for AXT (NASDAQ:AXTI)

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