The stock of AXT Inc (NASDAQ:AXTI) is a huge mover today! About 713,095 shares traded hands or 101.93% up from the average. AXT Inc (NASDAQ:AXTI) has risen 88.24% since April 4, 2016 and is uptrending. It has outperformed by 87.14% the S&P500.
The move comes after 7 months positive chart setup for the $160.90M company. It was reported on Nov, 4 by Barchart.com. We have $11.11 PT which if reached, will make NASDAQ:AXTI worth $188.25M more.
AXT Inc (NASDAQ:AXTI) Ratings Coverage
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 AXT Inc (NASDAQ:AXTI) on Thursday, October 27 with “Buy” rating. On Wednesday, December 9 the stock rating was upgraded by B. Riley & Co to “Buy”. The firm earned “Buy” rating on Tuesday, May 3 by Craig Hallum.
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.”
Insitutional Activity: The institutional sentiment increased to 1.62 in 2016 Q2. Its up 0.77, from 0.85 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.
Northern Corp holds 0% of its portfolio in AXT Inc (NASDAQ:AXTI) for 75,845 shares. Dimensional Fund Advsrs Limited Partnership owns 1.89 million shares or 0% of their US portfolio. Mufg Americas Corporation reported 2,760 shares or 0% of all its holdings. Ancora Advsrs Ltd Company holds 0.1% of its portfolio in AXT Inc (NASDAQ:AXTI) for 275,900 shares. Blackrock Institutional Com Na has 827,231 shares for 0% of their US portfolio. Ladenburg Thalmann Fincl Svcs reported 1,450 shares or 0% of all its holdings. Pacific Ridge Cap Prtnrs Limited Liability Company accumulated 0.9% or 623,790 shares. Art Advsr Ltd last reported 31,855 shares in the company. New York State Common Retirement Fund holds 0% of its portfolio in AXT Inc (NASDAQ:AXTI) for 324,999 shares. Moreover, State Street Corporation has 0% invested in AXT Inc (NASDAQ:AXTI) for 18,513 shares. California Employees Retirement System accumulated 0% or 130,400 shares. Bridgeway Mgmt accumulated 326,006 shares or 0.02% of the stock. Thompson Siegel Walmsley Limited Company accumulated 5,400 shares or 0% of the stock. Walleye Trading Ltd Com accumulated 0% or 18,600 shares. National Bank & Trust Of America De reported 1,657 shares or 0% of all its holdings.
Insider Transactions: Since August 29, 2016, the stock had 0 buys, and 1 sale for $116,673 net activity. Ochrym Robert G had sold 26,577 shares worth $116,673.
More news for AXT Inc (NASDAQ:AXTI) were recently published by: Zacks.com, which released: “Bull of the Day: AXT Inc (AXTI)” on September 20, 2016. Quotes.Wsj.com‘s article titled: “News AXT Inc.AXTI” and published on February 11, 2011 is yet another important article.
AXTI Company Profile
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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