Dimensional Fund Advisors LP has recently announced that it has increased stake in AXT Inc. (NASDAQ:AXTI) by 0.33%. After grabbing 3.06 million shares, the institutional investor is now in possession of 10108.0 shares of the Technology Company. The new investment brought the stake of investor firm to 7.02% having worth around $13.39 million. Moreover, Granahan Investment Management, L increased its share by 44621.0 to have a control over 1.02 million shares. And SSgA Funds Management, Inc. raised its holdings to 10573.0 shares by acquiring 0.74 million shares or 1.71% of the stake.
AXT Inc. (AXTI) concluded trading on 01/18/23 at a closing price of $5.36, with 0.2 million shares of worth about $1.05 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.16% during that period and on Wednesday the price saw a gain of about 1.13%. Currently the company’s common shares owned by public are about 42.16M shares, out of which, 40.80M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the AXTI stock and their offered price forecasts bring an average price target of $8.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $13.00 and could fall to a lowest price of $5.50. The stock’s current price level is 35.03% above of average price target set by the analysts, while a rise to estimated low would result in gain of 2.55% for the stock. However, touching the estimated high of $13.00 would mean a gain of 58.77% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 10 times over the past 12 months. They bought 347,914 shares in 7 of the transactions. In 3 selling transactions, insiders dumped 107,500 shares.
Vanguard Total Stock Market Index, DFA US Small Cap Value Portfolio, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in AXT Inc. Vanguard Total Stock Market Index is currently holding 1.55 million shares of worth totaling $6.81 million. The company recently came buying 0.37 million shares which brought its stake up to 3.57% of the company’s outstanding shares. DFA US Small Cap Value Portfolio bought 0.12 million shares, after which its hold over company’s outstanding shares expand to 2.16%, leaving 0.94 million shares with the mutual fund that have a worth of about $4.11 million. iShares Russell 2000 ETF, after selling 0.86 million shares, have now control over 1.98% of the stake in the company. It holds 9028.0 shares of worth $3.78 million.
AXT Inc. (NASDAQ: AXTI) started trading at $5.33, above $0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 5.46, or with a gain of 1.13%. Stock saw a price change of 6.35% in past 5 days and over the past one month there was a price change of 13.80%. Year-to-date (YTD), AXTI shares are showing a performance of 22.37% which decreased to -37.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.17 but also hit the highest price of $9.94 during that period. The average intraday trading volume for AXT Inc. shares is 207.71K. The stock is currently trading 14.65% above its 20-day simple moving average (SMA20), while that difference is up 8.27% for SMA50 and it goes to -12.97% lower than SMA200.
Dimensional Fund Advisors LP acquired 3.06 million shares of AXT Inc. having value of about $13.39 million. Data submitted at the U.S SEC by Dimensional Fund Advisors LP revealed that the firm now holds 10108.0 shares in the company valued at close to $54178.88, or have control over 0.33% stake in the company. AXT Inc. (NASDAQ: AXTI) currently have 42.16M outstanding shares and institutions hold larger chunk of about 57.30% of that. Holding of mutual funds in the company is about 29.32% while other institutional holders and individual stake holders have control over 8.39% and 26.59% of the stake respectively.
The stock has a current market capitalization of $231.23M and its 3Y-monthly beta is at 2.00. PE ratio of stock for trailing 12 months is 13.27, while it has posted earnings per share of $0.40 in the same period. Its PEG reads 0.88 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.20. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AXTI, volatility over the week remained 3.51% while standing at 3.98% over the month.
Analysts are in expectations that AXT Inc. (AXTI) stock would likely to be making an EPS of $0.08 in the current quarter, while forecast for next quarter EPS is $0.09 and it is $0.53 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 351.70% while it is estimated to decrease by -1.90% in next year. EPS is likely to shrink at an annualized rate of 15.00% for next 5-years, compared to annual growth of 15.20% made by the stock over the past 5-years.
Analysts at 6 brokerage firms have issued recommendations for the AXT Inc. (AXTI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 6 Wall Street analysts, 4 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Needham on June 27, 2022 offering a Buy rating for the stock and assigned a target price of $8 to it. Coverage by Wedbush stated AXT Inc. (AXTI) stock as an Outperform in their note to investors on November 04, 2021, suggesting a price target of $11 for the stock. Stock get a Buy rating from Needham on October 26, 2017.