AXT Inc (NASDAQ:AXTI) CEO Sells $292,800.00 in Stock

AXT Inc (NASDAQ:AXTI) CEO Morris S. Young sold 30,000 shares of the business’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $9.76, for a total transaction of $292,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,211,970 shares of the company’s stock, valued at approximately $11,828,827.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Morris S. Young also recently made the following trade(s):

  • On Tuesday, November 7th, Morris S. Young sold 50,000 shares of AXT stock. The shares were sold at an average price of $8.86, for a total transaction of $443,000.00.

AXT Inc (AXTI) traded up $0.10 during mid-day trading on Thursday, reaching $8.55. The company had a trading volume of 507,458 shares, compared to its average volume of 600,500. The firm has a market capitalization of $332.52, a P/E ratio of 37.29, a PEG ratio of 2.01 and a beta of 1.11. AXT Inc has a fifty-two week low of $4.56 and a fifty-two week high of $10.75.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 5.67% and a net margin of 9.96%. AXT’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. analysts predict that AXT Inc will post 0.25 EPS for the current fiscal year.

A number of brokerages have recently issued reports on AXTI. Zacks Investment Research cut shares of AXT from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Needham & Company LLC reissued a “buy” rating and issued a $11.00 target price (up previously from $10.00) on shares of AXT in a research report on Thursday, October 26th. BidaskClub cut shares of AXT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, B. Riley boosted their target price on shares of AXT from $8.50 to $8.75 and gave the company 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. AXT currently has a consensus rating of “Buy” and an average price target of $9.95.

Hedge funds have recently bought and sold shares of the stock. Voya Investment Management LLC acquired a new position in AXT in the second quarter valued at about $100,000. Gotham Asset Management LLC raised its stake in AXT by 35.5% during the second quarter. Gotham Asset Management LLC now owns 23,601 shares of the semiconductor company’s stock worth $150,000 after acquiring an additional 6,182 shares in the last quarter. Nationwide Fund Advisors raised its stake in AXT by 278.0% during the second quarter. Nationwide Fund Advisors now owns 28,407 shares of the semiconductor company’s stock worth $180,000 after acquiring an additional 20,892 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in AXT by 15,013.0% during the second quarter. The Manufacturers Life Insurance Company now owns 30,226 shares of the semiconductor company’s stock worth $192,000 after acquiring an additional 30,026 shares in the last quarter. Finally, KBC Group NV acquired a new position in AXT during the second quarter worth about $196,000. 60.36% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for AXT (NASDAQ:AXTI)

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