AXT, Inc. (NASDAQ:AXTI) Shares Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. raised its holdings in AXT, Inc. (NASDAQ:AXTI) by 71.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,237 shares of the semiconductor company’s stock after buying an additional 14,737 shares during the period. Wedbush Securities Inc.’s holdings in AXT were worth $76,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. White Pine Capital LLC increased its holdings in shares of AXT by 0.8% in the 4th quarter. White Pine Capital LLC now owns 668,499 shares of the semiconductor company’s stock valued at $1,451,000 after acquiring an additional 5,246 shares during the last quarter. Empowered Funds LLC increased its stake in AXT by 5.2% in the fourth quarter. Empowered Funds LLC now owns 145,664 shares of the semiconductor company’s stock valued at $316,000 after purchasing an additional 7,165 shares during the last quarter. Geode Capital Management LLC increased its stake in AXT by 1.7% in the third quarter. Geode Capital Management LLC now owns 464,022 shares of the semiconductor company’s stock valued at $1,123,000 after purchasing an additional 7,577 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in AXT during the fourth quarter worth approximately $28,000. Finally, Bleakley Financial Group LLC purchased a new stake in shares of AXT during the 4th quarter worth approximately $29,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

AXT Stock Performance

AXTI opened at $1.16 on Friday. The company has a market cap of $52.89 million, a price-to-earnings ratio of -4.14 and a beta of 2.36. AXT, Inc. has a one year low of $1.13 and a one year high of $4.23. The business’s fifty day moving average is $1.67 and its two-hundred day moving average is $2.05.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). The business had revenue of $25.11 million for the quarter, compared to analysts’ expectations of $23.94 million. AXT had a negative return on equity of 5.27% and a negative net margin of 11.70%. On average, analysts predict that AXT, Inc. will post -0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. StockNews.com raised shares of AXT to a “sell” rating in a research report on Thursday, March 27th. B. Riley reiterated a “buy” rating and set a $6.00 target price (up previously from $5.50) on shares of AXT in a research report on Friday, February 21st. Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of AXT in a report on Friday, February 21st. Finally, Wedbush restated an “outperform” rating and set a $4.50 price target (down previously from $5.50) on shares of AXT in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.13.

About AXT

AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.