AXT, Inc. (AXTI): A Detailed Look at its Institutional Ownership

AXT, Inc. (NASDAQ:AXTI) produced a 85.71% rally since recording the worst price of $4.55. Thanks to the latest -5.59% decrease, it now trades at $8.45. Throughout the trading on 12/06/2017, the share price floated between $8.15 and $8.9. This company shares are 30.65% off its target price of $11.04 and the current market capitalization stands at $328.62M. The recent change has given its price a -8.5% deficit over SMA 50 and -21.4% deficit over its 52-week high. The stock witnessed -7.14% declines, 5.62% gains and 20.71% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AXTI’s volatility during a week at 7.38% and during a month it has been found around 5.72%.

AXT, Inc. (AXTI) Top Holders

Institutional investors currently hold around $210 million or 62.5% in AXTI stock. Look at its top three institutional owners. Dimensional Fund Advisors Lp owns $27.59 million in AXT, Inc., which represents roughly 8.4% of the company’s market cap and approximately 13.14% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 2,552,621 shares of the stock are valued at $22.85 million. The third largest holder is Vanguard Group Inc, which currently holds $14.39 million worth of this stock and that ownership represents nearly 4.38% of its market capitalization.

AXT, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 45 institutional holders increased their position in AXT, Inc. (NASDAQ:AXTI) by some 2,387,323 shares, 48 decreased positions by 2,868,576 and 17 held positions by 18,235,911. That puts total institutional holdings at 23,491,810 shares, according to SEC filings. The stock grabbed 15 new institutional investments totaling 552,228 shares while 16 institutional investors sold out their entire positions totaling 659,417 shares.

AXT, Inc. (NASDAQ:AXTI) Insider Trades

Multiple company employees have indulged in significant insider trading. AXT, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CEO Young Morris S has sold 30,000 shares of AXT, Inc. (AXTI) in trading session dated Nov. 20, 2017. These shares are worth $292,800 and were traded at $9.76 each. The SEC filing shows that Ochrym Robert G performed a sale of 25,250 shares. The VP Business Development disposed these shares by way of transaction on Nov. 16, 2017. The company’s shares were given away at $8.94 per share worth to an income of some $225,735 on account of Ochrym Robert G.

VP, CFO & Corporate Secretary, Fischer Gary L, sold 20,000 common shares of AXT, Inc. (AXTI) in the open market. In a transaction dated Nov. 16, 2017, the shares were put up for sale at an average price of $9.16, raking in a sum of $183,200. After this sale, 64,515 common shares of AXTI are directly owned by the insider, with total stake valued at $545,152.

In the transaction dated Nov. 07, 2017, the great number of shares disposed came courtesy the CEO; Young Morris S disposed a total of 50,000 shares at an average price of $8.86, amounting to approximately $443,000. The insider now directly owns 1,120,304 shares worth $9,466,569.

AXT, Inc. (AXTI) Analyst Guide

Several analysts have released their opinion on AXT, Inc. (NASDAQ:AXTI), with 2 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.83 average brokerage recommendation.

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