Dalton Greiner Hartman Maher & Co. Purchases Shares of 58,800 AXT Inc (NASDAQ:AXTI)

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Dalton Greiner Hartman Maher & Co. purchased a new stake in AXT Inc (NASDAQ:AXTI) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 58,800 shares of the semiconductor company’s stock, valued at approximately $209,000. Dalton Greiner Hartman Maher & Co. owned about 0.15% of AXT as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AXTI. Cubist Systematic Strategies LLC acquired a new position in shares of AXT in the 2nd quarter valued at $54,000. Eidelman Virant Capital acquired a new position in shares of AXT in the 2nd quarter valued at $59,000. Jefferies Group LLC acquired a new position in shares of AXT in the 2nd quarter valued at $59,000. A.R.T. Advisors LLC acquired a new position in shares of AXT in the 2nd quarter valued at $85,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of AXT by 520.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 57,545 shares of the semiconductor company’s stock valued at $224,000 after purchasing an additional 48,263 shares during the last quarter. Institutional investors own 58.07% of the company’s stock.

Shares of AXTI stock opened at $2.99 on Friday. The company’s fifty day simple moving average is $3.50 and its 200-day simple moving average is $4.19. AXT Inc has a 52 week low of $2.75 and a 52 week high of $6.70. The company has a market cap of $120.21 million, a PE ratio of 37.38, a P/E/G ratio of 11.39 and a beta of 1.51.

AXT (NASDAQ:AXTI) last issued its earnings results on Wednesday, July 24th. The semiconductor company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. AXT had a net margin of 3.36% and a return on equity of 1.68%. The business had revenue of $24.80 million for the quarter, compared to the consensus estimate of $24.11 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year.

A number of brokerages have weighed in on AXTI. ValuEngine upgraded shares of AXT from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of AXT from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Northland Securities reiterated a “buy” rating on shares of AXT in a report on Thursday, October 3rd. Finally, Dougherty & Co lowered shares of AXT from a “buy” rating to a “neutral” rating in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.38.

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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