The stock of AXT Inc (NASDAQ:AXTI) is a huge mover today! About 207,185 shares traded hands. AXT Inc (NASDAQ:AXTI) has risen 98.04% since April 14, 2016 and is uptrending. It has outperformed by 93.35% the S&P500.
The move comes after 5 months positive chart setup for the $172.90 million company. It was reported on Nov, 16 by Barchart.com. We have $8.31 PT which if reached, will make NASDAQ:AXTI worth $108.93M 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. The firm has “Buy” rating given on Tuesday, May 3 by Craig Hallum. The rating was maintained by Needham with “Buy” on Thursday, October 27. The firm earned “Buy” rating on Wednesday, December 9 by B. Riley & Co.
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 Q2 2016. Its up 0.77, from 0.85 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.
Savings Bank Of Mellon holds 65,472 shares or 0% of its portfolio. Kcg Incorporated has invested 0% of its portfolio in AXT Inc (NASDAQ:AXTI). Vanguard Gp Inc has 1.42 million shares for 0% of their US portfolio. Walleye Trading Ltd Liability has 0% invested in the company for 18,600 shares. Geode Capital Mgmt Ltd Liability Corporation reported 188,769 shares or 0% of all its holdings. Renaissance Limited Liability Corporation has 800,625 shares for 0% of their US portfolio. Perritt Cap Mgmt Inc accumulated 1.84 million shares or 1.55% of the stock. Clarivest Asset Limited Liability Corp owns 257,681 shares or 0.02% of their US portfolio. Deutsche Retail Bank Ag accumulated 0% or 232,678 shares. Moreover, Tfs Cap Ltd Limited Liability Company has 0.01% invested in AXT Inc (NASDAQ:AXTI) for 14,725 shares. Ariel Investments Limited Liability Company reported 2.44M shares or 0.1% of all its holdings. Northern Trust last reported 75,845 shares in the company. Art Advsr Limited Liability Com, a New York-based fund reported 31,855 shares. Blackrock Fund has 0% invested in the company for 84,042 shares. The North Carolina-based Bank & Trust Of America Corporation De has invested 0% in AXT Inc (NASDAQ:AXTI).
Insider Transactions: Since August 29, 2016, the stock had 0 insider buys, and 3 insider sales for $557,758 net activity. Shares for $26,050 were sold by LEBLANC LEONARD J on Tuesday, November 8. $116,673 worth of AXT Inc (NASDAQ:AXTI) shares were sold by Ochrym Robert G.
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.
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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