AXT Inc. (NASDAQ:AXTI)’s share price rose 3.2% on Friday . The company traded as high as $3.55 and last traded at $3.52, with a volume of 76,920 shares traded. The stock had previously closed at $3.41.

AXTI has been the subject of a number of recent analyst reports. TheStreet upgraded shares of AXT from a “hold” rating to a “buy” rating in a report on Wednesday, May 25th. B. Riley reaffirmed a “buy” rating and issued a $4.00 target price on shares of AXT in a research report on Monday, May 9th. Craig Hallum raised shares of AXT from a “hold” rating to a “buy” rating in a research report on Tuesday, May 3rd. Finally, Zacks Investment Research raised shares of AXT from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research report on Tuesday, July 12th.

The company has a 50 day moving average price of $3.37 and a 200-day moving average price of $2.90. The company’s market capitalization is $112.64 million.

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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