AXT (AXTI) Given Coverage Optimism Score of 0.31

News headlines about AXT (NASDAQ:AXTI) have trended positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. 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 0.31 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

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

AXT (NASDAQ AXTI) traded down 1.47% on Wednesday, reaching $6.70. The company’s stock had a trading volume of 162,924 shares. The firm has a market cap of $256.32 million, a PE ratio of 36.02 and a beta of 0.99. The stock’s 50 day moving average price is $6.80 and its 200 day moving average price is $6.16. AXT has a 52-week low of $2.95 and a 52-week high of $8.65.

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

A number of research analysts have issued reports on the company. B. Riley reiterated a “buy” rating and issued a $8.25 target price on shares of AXT in a research report on Monday, February 27th. Dougherty & Co reiterated a “buy” rating on shares of AXT in a research report on Saturday. Needham & Company LLC lifted their target price on AXT from $6.50 to $8.50 and gave the company a “buy” rating in a research report on Thursday, February 23rd. Finally, Zacks Investment Research upgraded AXT from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research report on Friday, February 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $8.13.

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In other news, VP Robert G. Ochrym sold 7,500 shares of the 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 transaction, the vice president now directly owns 39,000 shares in the company, valued at approximately $270,270. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the director now owns 149,134 shares in the company, valued at $1,084,204.18. The disclosure for this sale can be found here. 6.90% of the stock is currently owned by corporate 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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