Somewhat Negative Media Coverage Unlikely to Impact AXT (AXTI) Stock Price

Media coverage about AXT (NASDAQ:AXTI) has trended somewhat negative this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AXT earned a media sentiment score of -0.05 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 38 out of 100, meaning that recent news coverage is unlikely to have an impact on the stock’s share price in the near future.

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

Insider Buying and Selling by Quarter for AXT (NASDAQ:AXTI)

AXTI has been the topic of a number of research reports. B. Riley downgraded shares of AXT to a “neutral” rating and set a $7.00 price objective on the stock. in a report on Wednesday, March 22nd. Dougherty & Co reaffirmed a “buy” rating on shares of AXT in a report on Saturday. Zacks Investment Research downgraded shares of AXT from a “hold” rating to a “sell” rating in a report on Thursday, April 27th. BWS Financial began coverage on shares of AXT in a research report on Tuesday, April 11th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Needham & Company LLC boosted their price target on shares of AXT from $8.50 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $8.13.

Shares of AXT (AXTI) remained flat at $6.80 during mid-day trading on Tuesday. 427,054 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $6.81 and a 200-day moving average price of $6.14. The stock has a market capitalization of $260.14 million, a PE ratio of 36.56 and a beta of 0.99. AXT has a 52 week low of $2.95 and a 52 week high of $8.65.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Wednesday, April 26th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. AXT had a return on equity of 4.37% and a net margin of 7.52%. The business had revenue of $20.60 million for the quarter, compared to the consensus estimate of $18.45 million. AXT’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts predict that AXT will post $0.19 earnings per share for the current year.

In other AXT news, VP Robert G. Ochrym sold 7,500 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $6.93, for a total transaction of $51,975.00. Following the completion of the sale, the vice president now directly owns 39,000 shares in the company, valued at $270,270. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leonard J. Leblanc sold 5,000 shares of the stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $7.27, for a total value of $36,350.00. Following the completion of the sale, the director now owns 149,134 shares of the company’s stock, valued at approximately $1,084,204.18. The disclosure for this sale can be found here. 6.90% of the stock is owned by corporate insiders.

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AXT Company Profile

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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