Dougherty Initiates Coverage On AXT Inc to Buy with Price Target $8

Dougherty Initiates Coverage On AXT Inc(AXTI). In a research note issued to the investors, the brokerage major Announces the price-target to $8 per share. The shares have been rated Buy. The rating by the stock financial advisor at Dougherty was issued on Feb 13, 2017 in a research report to their Investors and Clients.

AXT Inc (AXTI) shares turned negative on Wednesdays trading session with the shares closing down -0.35 points or -4.83% at a volume of 6,21,821. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.275. The peak price level was also seen at $7.275 while the days lowest was $6.85. Finally the shares closed at $6.9. The 52-week high of the shares is $7.6 while the 52-week low is $2.43. According to the latest information available, the market cap of the company is $225 M.

AXT Inc(AXTI) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $20.269M. Analysts had an estimated revenue of $19.060M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On Dec 1, 2016, Morris S Young (Chief Executive Officer) sold 11,410 shares at $5.07 per share price.Also, On Dec 1, 2016, Robert G Ochrym (VP Business Development) sold 17,937 shares at $4.97 per share price.On Nov 23, 2016, Jesse Chen (director) sold 16,388 shares at $5.30 per share price, according to the Form-4 filing with the securities and exchange commission.

AXT Inc. (AXT) is a developer and producer of compound and single element semiconductor substrates. Through its subsidiaries the Company manufactures its semiconductor substrates using the vertical gradient freeze (VGF) technology. AXT manufactures its products in the People’s Republic of China (PRC). The Company’s compound substrates combine gallium with arsenic (GaAs) or combine indium with phosphorous (InP). Its single-element substrates are made from germanium (Ge). The Company designs develops manufactures and distributes high-performance semiconductor substrates also known as wafers. The Company’s substrate products include GaAs (semi-insulating) GaAs (semi-conducting) InP and Ge which is used in Satellite and terrestrial solar cells and Optical applications.

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