Two Sigma Investments LP Purchases 70,941 Shares of AXT Inc (AXTI)

Two Sigma Investments LP grew its stake in shares of AXT Inc (NASDAQ:AXTI) by 236.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 100,905 shares of the semiconductor company’s stock after acquiring an additional 70,941 shares during the quarter. Two Sigma Investments LP owned about 0.26% of AXT worth $439,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Delta Investment Management LLC acquired a new position in AXT in the 4th quarter worth about $190,000. Rhumbline Advisers grew its position in shares of AXT by 42.5% in the 4th quarter. Rhumbline Advisers now owns 52,855 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 15,765 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of AXT in the 3rd quarter valued at about $382,000. Barclays PLC grew its position in shares of AXT by 777.7% in the 4th quarter. Barclays PLC now owns 136,322 shares of the semiconductor company’s stock valued at $593,000 after buying an additional 120,790 shares during the last quarter. Finally, Putnam Investments LLC bought a new stake in shares of AXT in the 3rd quarter valued at about $1,118,000. Hedge funds and other institutional investors own 54.78% of the company’s stock.

Shares of AXT stock traded up $0.04 on Friday, hitting $5.70. 388,805 shares of the company’s stock traded hands, compared to its average volume of 331,491. AXT Inc has a one year low of $3.70 and a one year high of $9.38. The firm has a market cap of $226.38 million, a price-to-earnings ratio of 23.75, a PEG ratio of 2.87 and a beta of 1.29.

AXT (NASDAQ:AXTI) last announced its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. AXT had a return on equity of 2.98% and a net margin of 5.78%. The company had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.69 million. During the same quarter in the prior year, the company earned $0.07 EPS. The firm’s revenue for the quarter was down 17.2% compared to the same quarter last year. On average, analysts predict that AXT Inc will post 0.13 earnings per share for the current fiscal year.

AXTI has been the topic of a number of analyst reports. ValuEngine upgraded AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 23rd. Zacks Investment Research upgraded AXT from a “sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Finally, B. Riley reduced their price target on AXT to $6.25 and set a “buy” rating on the stock in a research report on Tuesday, January 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. AXT currently has an average rating of “Buy” and a consensus target price of $6.25.

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AXT Profile

AXT, Inc researches, develops, and produces compound and single element semiconductor substrates. It produces semiconductor substrates using its proprietary vertical gradient freeze technology. The company offers indium phosphide (InP) for use in fiber optic lasers and detectors, passive optical networks, data center connectivity, silicon photonics, photonic integrated circuits, terrestrial solar cells, radio frequency amplifier and switching, infrared light-emitting diode (LEDs) motion control, and infrared thermal imaging.

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Institutional Ownership by Quarter for AXT (NASDAQ:AXTI)

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