Barclays PLC Purchases 120,790 Shares of AXT Inc (NASDAQ:AXTI)

Barclays PLC boosted its position in shares of AXT Inc (NASDAQ:AXTI) by 777.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 136,322 shares of the semiconductor company’s stock after buying an additional 120,790 shares during the quarter. Barclays PLC owned approximately 0.34% of AXT worth $593,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Royce & Associates LP raised its holdings in AXT by 15.3% in the 4th quarter. Royce & Associates LP now owns 2,144,784 shares of the semiconductor company’s stock worth $9,330,000 after purchasing an additional 284,200 shares in the last quarter. Putnam Investments LLC purchased a new stake in shares of AXT in the 3rd quarter worth about $1,118,000. BlackRock Inc. grew its position in shares of AXT by 3.0% in the 4th quarter. BlackRock Inc. now owns 2,746,560 shares of the semiconductor company’s stock worth $11,949,000 after buying an additional 79,457 shares during the period. First Trust Advisors LP purchased a new stake in shares of AXT in the 3rd quarter worth about $382,000. Finally, Pacific Ridge Capital Partners LLC grew its position in shares of AXT by 6.3% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 791,219 shares of the semiconductor company’s stock worth $5,657,000 after buying an additional 46,741 shares during the period. Institutional investors own 54.95% of the company’s stock.

Shares of NASDAQ:AXTI opened at $4.78 on Monday. AXT Inc has a twelve month low of $3.70 and a twelve month high of $9.38. The company has a market capitalization of $191.10 million, a PE ratio of 19.92, a price-to-earnings-growth ratio of 4.57 and a beta of 1.19.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.05). AXT had a return on equity of 5.06% and a net margin of 9.43%. The business had revenue of $22.20 million during the quarter, compared to the consensus estimate of $22.21 million. During the same quarter last year, the company earned $0.08 EPS. AXT’s revenue for the quarter was down 15.6% on a year-over-year basis. On average, research analysts expect that AXT Inc will post 0.07 earnings per share for the current fiscal year.

AXTI has been the topic of a number of recent research reports. ValuEngine raised shares of AXT from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. Zacks Investment Research raised shares of AXT from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. B. Riley cut their price objective on shares of AXT to $6.25 and set a “buy” rating on the stock in a research report on Tuesday, January 15th. Finally, TheStreet downgraded shares of AXT from a “b-” rating to a “c+” rating in a research report on Thursday, December 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $7.88.

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AXT Company 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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