Look At Analyst Expectations For A Better Read On AXT Inc. (NASDAQ: AXTI)


    The Vanguard Group, Inc. recently announced the acquisition of new stake in AXT Inc. (NASDAQ:AXTI). The institutional investor has increased its shareholding in the Technology company by 6.76% to 2.2 million shares with purchase of 0.14 million shares. This fresh investment now brings its stake to 5.39% valued currently at $10.54 million. In addition, Needham Investment Management LLC raised its holdings by 0.41 million to 1.49 million shares. And Portolan Capital Management LLC has lifted its position by 4.48% or 31263.0 shares – to 0.73 million shares.

    With over 3.34 million AXT Inc. (AXTI) shares trading Tuesday and a closing price of $5.92 on the day, the dollar volume was approximately $19.8 million. The shares have shown a positive weekly performance of 17.69% and its price on 08/25/20 gained nearly 19.60%. Currently, there are 39.97M common shares owned by the public and among those 38.51M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for AXTI have a consensus price objective of $8.03. The analysts have set the share’s price value over the next 12 months at a high of $10.00 and a low of $6.50 should the stock experience a downside. Incidentally, analysts’ outlook for the AXT Inc. stock is 2.00 for the next 12 months. But an upside of 40.8% will see the stock hit the forecast high price target while mean target price for the stock is $7.80.

    Insiders at the company have transacted a total of 15 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 552,085 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 36,800 shares.

    The top 3 mutual fund holders in AXT Inc. are Vanguard Total Stock Market Index, Needham Small Cap Growth Fund, and DFA US Small Cap Value Portfolio. Vanguard Total Stock Market Index owns 1.53 million shares of the company’s stock, all valued at over $7.34 million. The company bought an additional 32960.0 shares recently to bring their total holdings to about 3.75% of the shares outstanding. Needham Small Cap Growth Fund bought 0.33 million shares to see its total holdings expand to 1.23 million shares valued at over $5.87 million and representing 3.00% of the shares outstanding. DFA US Small Cap Value Portfolio sold 24514.0 shares to bring its total holdings to over 0.81 million shares at a value of $3.88 million. DFA US Small Cap Value Portfolio now owns shares totaling to 1.98% of the shares outstanding.

    Shares of AXT Inc. (NASDAQ: AXTI) opened at $5.00, up $0.05 from a prior closing price of $4.95. However, the script later closed the day at $5.92, up 19.60%. The company’s stock has a 5-day price change of 17.69% and 7.64% over the past three months. AXTI shares are trading 36.09% year to date (YTD), with the 12-month market performance up to 75.67% higher. It has a 12-month low price of $1.85 and touched a high of $5.99 over the same period. Currently, 3.34 million shares have been traded, compared to an average intraday trading volume of 314.29K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 20.88%, 22.71%, and 41.95% respectively.

    Institutional ownership of AXT Inc. (NASDAQ: AXTI) shares accounts for 66.00% of the company’s 39.97M shares outstanding. Mutual fund holders own 32.87%, while other institutional holders and individual stakeholders account for 7.75% and 31.47% respectively.

    It has a market capitalization of $264.62M and a beta (3y monthly) value of 2.01. The earnings-per-share (ttm) stands at -$0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.91% over the week and 5.54% over the month.

    Analysts forecast that AXT Inc. (AXTI) will achieve an EPS of $Allegheny Technologies Incorpor for the current quarter, $8.65 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Axalta Coating Systems Ltd. while analysts give the company a high EPS estimate of $ASCENT SOLAR TECHNOLOGIES INC. Comparatively, EPS for the current quarter was $Avenue Therapeutics, Inc. a year ago. Earnings per share for the fiscal year are expected to decrease by -129.90%, and 328.57% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -7.80% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate AXT Inc. (AXTI) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”

    Looking at the support for the AXTI, a number of firms have released research notes about the stock. Dougherty & Company stated their Neutral rating for the stock in a research note on October 03, 2019, with the firm’s price target at. Needham coverage for the AXT Inc. (AXTI) stock in a research note released on October 26, 2017 offered a Buy rating with a price target of $11. BWS Financial was of a view on July 27, 2017 that the stock is Buy, while Needham gave the stock Buy rating on April 27, 2017, issuing a price target of $8.50- $9. BWS Financial on their part issued Buy rating on April 11, 2017.


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