Somewhat Favorable Press Coverage Somewhat Unlikely to Affect AXT (AXTI) Share Price
Media stories about AXT (NASDAQ:AXTI) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AXT earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 46.2631841836726 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- AXT Announces Purchase of New Manufacturing Facility in Dingxing, China (finance.yahoo.com)
- BRIEF-AXT announces purchase of new manufacturing facility in Dingxing, China (feeds.reuters.com)
- How My Outperforming Value Portfolio Is Bucking the Trend – TheStreet.com (realmoney.thestreet.com)
- AXT Inc (NASDAQ:AXTI) Trading Volume Significantly Lower – First News 24 (firstnewspaper24.com)
- ETFs with exposure to AXT, Inc. : September 6, 2017 (finance.yahoo.com)
AXTI has been the topic of several recent research reports. Zacks Investment Research downgraded AXT from a “buy” rating to a “hold” rating in a report on Tuesday, June 27th. BidaskClub raised AXT from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. BWS Financial boosted their price objective on AXT from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. Dougherty & Co reissued a “buy” rating on shares of AXT in a research note on Saturday, June 17th. Finally, B. Riley reissued a “neutral” rating and issued a $7.00 price objective on shares of AXT in a research note on Friday, July 21st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $8.83.
AXT (NASDAQ:AXTI) traded up 1.87% during midday trading on Tuesday, hitting $8.15. The company’s stock had a trading volume of 602,204 shares. AXT has a 12 month low of $4.07 and a 12 month high of $9.50. The firm has a market cap of $312.77 million, a P/E ratio of 40.75 and a beta of 1.13. The company’s 50 day moving average price is $7.83 and its 200 day moving average price is $6.88.
AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $23.56 million for the quarter, compared to analysts’ expectations of $22.55 million. AXT had a net margin of 8.15% and a return on equity of 4.61%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 EPS. Analysts expect that AXT will post $0.24 EPS for the current year.
In other AXT news, Director David C. Chang sold 9,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $8.80, for a total value of $79,200.00. Following the transaction, the director now directly owns 164,807 shares in the company, valued at approximately $1,450,301.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Morris S. Young sold 92,896 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $8.54, for a total transaction of $793,331.84. Following the completion of the transaction, the chief executive officer now owns 1,213,200 shares in the company, valued at $10,360,728. The disclosure for this sale can be found here. Insiders own 6.90% of the company’s stock.
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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