Is Buying Axt Incorporated (NASDAQ:AXTI) Here Good Idea?

December 7, 2017 - By Henry Gaston

 Is Buying Axt Incorporated (NASDAQ:AXTI) Here Good Idea?

Investors sentiment decreased to 1.49 in 2017 Q2. Its down 0.41, from 1.9 in 2017Q1. It worsened, as 18 investors sold AXT, Inc. shares while 21 reduced holdings. 32 funds opened positions while 26 raised stakes. 23.77 million shares or 16.44% more from 20.41 million shares in 2017Q1 were reported.
Brandywine Glob Inv Management Ltd Liability Co owns 24,541 shares for 0% of their portfolio. Oberweis Asset Mngmt reported 273,130 shares. Thompson Siegel & Walmsley Ltd invested in 5,400 shares. Ny State Common Retirement Fund reported 608,093 shares. Sanctuary Wealth Advsr Ltd Liability Com has 20,000 shares. Bogle Invest Lp De invested in 0.15% or 317,723 shares. Kennedy Cap Inc accumulated 844,992 shares. Tci Wealth owns 115 shares or 0% of their US portfolio. Hancock Holdg Company accumulated 31,065 shares or 0.01% of the stock. State Street accumulated 461,458 shares. Princeton Mgmt holds 1.14% or 284,125 shares in its portfolio. Voya Inv Mngmt Ltd Liability Corporation invested 0% of its portfolio in AXT, Inc. (NASDAQ:AXTI). Verition Fund Management Ltd Com invested in 0.06% or 100,000 shares. Bankshares Of America De holds 209 shares. Granite Point Cap Mngmt Ltd Partnership holds 47,000 shares or 0.07% of its portfolio.

The stock of Axt Incorporated (NASDAQ:AXTI) registered a decrease of 20.25% in short interest. AXTI’s total short interest was 1.49M shares in December as published by FINRA. Its down 20.25% from 1.87 million shares, reported previously. With 368,600 shares average volume, it will take short sellers 4 days to cover their AXTI’s short positions. The short interest to Axt Incorporated’s float is 4.75%.

The stock increased 1.18% or $0.1 during the last trading session, reaching $8.55. About 475,395 shares traded or 2.79% up from the average. AXT, Inc. (NASDAQ:AXTI) has risen 115.17% since December 7, 2016 and is uptrending. It has outperformed by 98.47% the S&P500.

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company has market cap of $328.09 million. The firm makes its semiconductor substrates using its proprietary vertical gradient freeze technology. It has a 34.48 P/E ratio. It offers semi-insulating gallium with arsenic substrates, which are used for applications in power amplifiers for wireless devices, and transistors and solar cells for drones.

AXT, Inc. (NASDAQ:AXTI) Ratings Coverage

Among 7 analysts covering AXT Inc (NASDAQ:AXTI), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. AXT Inc had 14 analyst reports since December 9, 2015 according to SRatingsIntel. Dougherty maintained the shares of AXTI in report on Friday, June 16 with “Buy” rating. Needham maintained the shares of AXTI in report on Thursday, February 23 with “Buy” rating. The stock of AXT, Inc. (NASDAQ:AXTI) has “Buy” rating given on Tuesday, May 3 by Craig Hallum. B. Riley & Co maintained the shares of AXTI in report on Thursday, October 26 with “Neutral” rating. The firm earned “Buy” rating on Thursday, October 26 by Needham. The rating was initiated by Dougherty & Company on Monday, February 13 with “Buy”. The stock of AXT, Inc. (NASDAQ:AXTI) has “Buy” rating given on Wednesday, September 6 by Northland Capital. B. Riley & Co upgraded AXT, Inc. (NASDAQ:AXTI) on Wednesday, December 9 to “Buy” rating. Northland Capital maintained AXT, Inc. (NASDAQ:AXTI) rating on Thursday, October 26. Northland Capital has “Buy” rating and $11.0 target. The stock of AXT, Inc. (NASDAQ:AXTI) has “Neutral” rating given on Friday, March 17 by B. Riley & Co.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.