Aixtron AG (NASDAQ:AIXG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “AIXTRON AG is a leading provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials. Such components are used in fiber optic communication systems, wireless and mobile telephony applications, optical and electronic storage devices, computing, signaling and lighting, as well as a range of other leading-edge technologies. AIXTRON AG’s securities are listed on the Prime Standard market segment of the Frankfurt Stock Exchange and, as American Depositary Shares (ADS), on the NASDAQ GLOBAL MARKET, and are included in the TecDAX index, the NASDAQ Composite Index, the MSCI World Small Cap Index and the Nature Stock Index (NAI). Founded in 1983, the Company is headquartered in Aachen, Germany. “
Separately, DZ Bank AG restated a “sell” rating on shares of Aixtron AG in a report on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $6.67.
Shares of Aixtron AG (NASDAQ:AIXG) opened at 6.26 on Tuesday. The company has a 50 day moving average price of $6.13 and a 200 day moving average price of $5.77. Aixtron AG has a one year low of $3.25 and a one year high of $8.05. The company’s market cap is $698.60 million.
Aixtron AG (NASDAQ:AIXG) last posted its earnings results on Thursday, August 11th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Aixtron AG had a negative return on equity of 7.35% and a negative net margin of 16.42%. Equities analysts predict that Aixtron AG will post ($0.29) EPS for the current year.
A hedge fund recently bought a new stake in Aixtron AG stock. Granite Point Capital Management L.P. acquired a new stake in shares of Aixtron AG (NASDAQ:AIXG) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 250,000 shares of the company’s stock, valued at approximately $1,516,000. Aixtron AG comprises 0.7% of Granite Point Capital Management L.P.’s holdings, making the stock its 23rd largest position. Granite Point Capital Management L.P. owned 0.22% of Aixtron AG as of its most recent filing with the SEC. Institutional investors and hedge funds own 0.87% of the company’s stock.
About Aixtron AG
AIXTRON SE (AIXTRON) is a provider of deposition equipment to the semiconductor industry. The Company’s technology solutions are used by a range of customers across the world to build components for electronic and opto-electronic applications based on compound, silicon or organic semiconductor materials.
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