70,000 Shares in AXT Inc (AXTI) Purchased by Apis Capital Advisors LLC

Apis Capital Advisors LLC bought a new stake in AXT Inc (NASDAQ:AXTI) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 70,000 shares of the semiconductor company’s stock, valued at approximately $312,000. AXT makes up approximately 0.4% of Apis Capital Advisors LLC’s holdings, making the stock its 27th biggest holding.

Several other large investors have also made changes to their positions in AXTI. BNP Paribas Arbitrage SA lifted its holdings in shares of AXT by 507.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,930 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 6,625 shares in the last quarter. Delta Investment Management LLC bought a new stake in shares of AXT during the 4th quarter worth approximately $190,000. Brinker Capital Inc. raised its stake in shares of AXT by 299.2% during the 1st quarter. Brinker Capital Inc. now owns 45,823 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 34,345 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in shares of AXT during the 4th quarter worth approximately $209,000. Finally, Rhumbline Advisers raised its stake in shares of AXT by 42.5% during the 4th quarter. Rhumbline Advisers now owns 52,855 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 15,765 shares in the last quarter. Institutional investors own 54.87% of the company’s stock.

AXTI stock opened at $5.01 on Friday. The company has a market cap of $209.93 million, a P/E ratio of 20.88, a price-to-earnings-growth ratio of 2.55 and a beta of 1.29. AXT Inc has a 1-year low of $3.70 and a 1-year high of $9.38.

AXT (NASDAQ:AXTI) last posted its earnings results on Wednesday, April 24th. The semiconductor company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $20.20 million for the quarter, compared to analyst estimates of $20.69 million. AXT had a return on equity of 2.97% and a net margin of 5.78%. The firm’s revenue was down 17.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS. Analysts anticipate 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 note on Saturday, February 23rd. Zacks Investment Research upgraded AXT from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $6.25.

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About AXT

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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