AXT (AXTI) Receiving Somewhat Positive Press Coverage, Analysis Finds

News coverage about AXT (NASDAQ:AXTI) has trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AXT earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 46.700243754028 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Shares of AXT (AXTI) remained flat at $7.60 during midday trading on Friday. 620,954 shares of the stock traded hands. AXT has a 12 month low of $3.77 and a 12 month high of $9.50. The stock’s 50-day moving average price is $7.33 and its 200 day moving average price is $6.69. The company has a market capitalization of $291.67 million, a PE ratio of 38.00 and a beta of 1.08.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. AXT had a net margin of 8.15% and a return on equity of 4.61%. The business had revenue of $23.56 million for the quarter, compared to analysts’ expectations of $22.55 million. During the same period in the previous year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, equities research analysts predict that AXT will post $0.24 EPS for the current fiscal year.

A number of brokerages recently weighed in on AXTI. BidaskClub lowered shares of AXT from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 7th. B. Riley reaffirmed a “neutral” rating and issued a $8.50 target price on shares of AXT in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of AXT from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Needham & Company LLC upped their target price on shares of AXT from $8.50 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, April 27th. Finally, BWS Financial upped their target price on shares of AXT from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $9.04.

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In other AXT news, Director David C. Chang sold 9,000 shares of AXT 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 sale, the director now owns 164,807 shares of the company’s stock, valued at $1,450,301.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Morris S. Young sold 92,896 shares of AXT 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 sale, the chief executive officer now directly owns 1,213,200 shares in the company, valued at approximately $10,360,728. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,396 shares of company stock worth $960,857. 6.90% of the stock is owned by corporate insiders.

About AXT

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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