Media headlines about AXT (NASDAQ:AXTI) have been trending somewhat positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. AXT earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 46.1843672374778 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- AXT Inc (AXTI) Scheduled to Post Earnings on Wednesday (americanbankingnews.com)
- Zacks Investment Research Lowers AXT Inc (AXTI) to Hold (americanbankingnews.com)
- Commit To Buy AXT At $7.50, Earn 17.9% Annualized Using Options (thestreet.com)
- Stock Gaps Down Quick Update for Today – HMNY, TWNK, THC, CYH, RNN, AXTI, ALRN (fxpips.com)
- ETFs with exposure to AXT, Inc. : October 16, 2017 (finance.yahoo.com)
Shares of AXT (NASDAQ:AXTI) traded up 2.20% during mid-day trading on Wednesday, reaching $9.30. The company’s stock had a trading volume of 194,454 shares. AXT has a 1-year low of $4.35 and a 1-year high of $9.70. The firm’s 50 day moving average price is $8.72 and its 200-day moving average price is $7.37. The company has a market capitalization of $356.91 million, a price-to-earnings ratio of 46.50 and a beta of 1.16.
AXT (NASDAQ:AXTI) last released its quarterly earnings results on Wednesday, July 26th. The semiconductor company reported $0.05 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.05. AXT had a net margin of 8.15% and a return on equity of 4.61%. The firm had revenue of $23.56 million for the quarter, compared to the consensus estimate of $22.55 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts predict that AXT will post $0.24 EPS for the current year.
AXTI has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price objective on shares of AXT in a report on Sunday, September 17th. Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $9.75 price objective on the stock in a report on Friday, September 15th. BidaskClub upgraded AXT from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. BWS Financial boosted their target price on AXT from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, B. Riley reissued a “neutral” rating and issued a $8.50 target price on shares of AXT in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $9.65.
In other news, CEO Morris S. Young sold 92,896 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.54, for a total value of $793,331.84. Following the completion of the sale, the chief executive officer now owns 1,213,200 shares of the company’s stock, valued at approximately $10,360,728. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Chang sold 9,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $8.80, for a total transaction of $79,200.00. Following the completion of the sale, the director now directly owns 164,807 shares of the company’s stock, valued at approximately $1,450,301.60. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by insiders.
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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