Aixtron AG (AIXG) Downgraded to Hold at Zacks Investment Research
According to Zacks, “AIXTRON AG is a leading provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. Such components are used in fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, signaling and lighting, as well as a range of other leading-edge technologies. AIXTRON AG’s securities are listed on the Prime Standard market segment of the Frankfurt Stock Exchange and, as American Depositary Shares (ADS), on the NASDAQ GLOBAL MARKET, and are included in the TecDAX index, the NASDAQ Composite Index, the MSCI World Small Cap Index and the Nature Stock Index (NAI). Founded in 1983, the Company is headquartered in Aachen, Germany. “
Separately, DZ Bank AG reaffirmed a sell rating on shares of Aixtron AG in a research note on Friday, August 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Aixtron AG currently has an average rating of Hold and a consensus target price of $6.67.
Aixtron AG (NASDAQ:AIXG) opened at 6.35 on Tuesday. Aixtron AG has a 52 week low of $3.25 and a 52 week high of $8.05. The company’s market capitalization is $708.65 million. The stock’s 50 day moving average price is $6.14 and its 200 day moving average price is $5.79.
Aixtron AG (NASDAQ:AIXG) last announced its earnings results on Thursday, August 11th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Aixtron AG had a negative return on equity of 7.35% and a negative net margin of 16.42%. Analysts anticipate that Aixtron AG will post ($0.29) earnings per share for the current year.
A hedge fund recently bought a new stake in Aixtron AG stock. Granite Point Capital Management L.P. acquired a new stake in Aixtron AG (NASDAQ:AIXG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 250,000 shares of the company’s stock, valued at approximately $1,516,000. Aixtron AG comprises approximately 0.7% of Granite Point Capital Management L.P.’s investment portfolio, making the stock its 23rd largest position. Granite Point Capital Management L.P. owned 0.22% of Aixtron AG at the end of the most recent quarter. Institutional investors and hedge funds own 0.87% of the company’s stock.
About Aixtron AG
AIXTRON SE (AIXTRON) is a provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a range of customers across the world to build components for electronic and opto-electronic applications based on compound, silicon or organic semiconductor materials.
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