AXT Inc (NASDAQ:AXTI) price target raised to $10.00 by B. Riley

By Market Exclusive

Analyst Ratings For AXT Inc (NASDAQ:AXTI)

Today, B. Riley raised its price target on AXT Inc (NASDAQ:AXTI) to $10.00 per share.

There are 0 sell ratings, 0 hold ratings, 4 buy ratings, 0 strong buy ratings on the stock.

The current consensus rating on AXT Inc (NASDAQ:AXTI) is Buy with a consensus target price of $11.00 per share, a potential 21.55% upside.

Some recent analyst ratings include

  • 4/17/2018-BWS Financial Reiterated Rating of Buy.
  • 2/22/2018-Dougherty & Co Reiterated Rating of Buy.
  • 10/26/2017-Needham & Company LLC Reiterated Rating of Buy.

Recent Insider Trading Activity For AXT Inc (NASDAQ:AXTI)
AXT Inc (NASDAQ:AXTI) has insider ownership of 6.90% and institutional ownership of 52.94%.

  • On 11/20/2017 Morris S Young, CEO, sold 30,000 with an average share price of $9.76 per share and the total transaction amounting to $292,800.00.
  • On 11/16/2017 Gary L Fischer, CFO, sold 20,000 with an average share price of $9.16 per share and the total transaction amounting to $183,200.00.
  • On 11/16/2017 Robert G Ochrym, VP, sold 25,250 with an average share price of $8.94 per share and the total transaction amounting to $225,735.00.
  • On 11/7/2017Morris S. Young, CEO, sold 50,000 with an average share price of $8.86 per share and the total transaction amounting to $443,000.00.
  • On 11/3/2017 Robert G Ochrym, VP, sold 8,125 with an average share price of $8.80 per share and the total transaction amounting to $71,500.00.
  • On 8/8/2017 Robert G Ochrym, VP, sold 38,869 with an average share price of $8.02 per share and the total transaction amounting to $311,729.38.
  • On 8/1/2017 David C Chang, Director, sold 9,000 with an average share price of $8.80 per share and the total transaction amounting to $79,200.00.

About AXT Inc (NASDAQ:AXTI)
AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. It manufactures 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, lasers, military wireless RF amplifiers, infrared motion control, and infrared thermal imaging products. It also provides semi-insulating gallium with arsenic (GaAs) substrates, which are used for application in power amplifiers for wireless devices, and transistors and solar cells for drones. In addition, the company offers semi-conducting GaAs substrates that are used in opto-electronic products, including high brightness light emitting diodes in backlight wireless handsets and liquid crystal display televisions, as well as for automotive panel, signage, display, and lighting applications; and 3-D sensing using vertical cavity surface emitting lasers. Further, it provides germanium (Ge) substrates for space and terrestrial photovoltaic applications, as well as optical applications. Additionally, the company, through its subsidiaries and joint ventures, manufactures and sells raw materials, such as gallium, gallium alloys, InP poly-crystal, arsenic, Ge, Ge dioxide, high purity arsenic, pyrolytic boron nitride crucibles, and boron oxide. It sells its products through direct sales force in the United States, China, and Europe, as well as through independent sales representatives and distributors in Japan, Taiwan, Korea, and internationally. The company was formerly known as American Xtal Technology, Inc. and changed its name to AXT, Inc. in July 2000. AXT, Inc. was founded in 1986 and is headquartered in Fremont, California.

Recent Trading Activity for AXT Inc (NASDAQ:AXTI)
Shares of AXT Inc closed the previous trading session at 8,95 +0,40 4,68 % with 8.76 shares trading hands.

This article provided by NewsEdge.