AXT, Inc. (AXTI) has rebounded 111.49% since its low of $4.35

AXT, Inc. (NASDAQ:AXTI) is on recovery track with 111.49% gain from a 1-year low price of $4.35. The company added 6.36% to attain the price of $9.2 on 11/16/2017. Throughout the recent session, the prices were hovering between $8.75 and $9.25. These shares are 20% off its target price of $11.04 and the current market capitalization stands at $353.56M. The recent change has given its price a 3.28% lead over SMA 50 and -5.15% deficit over its 52-week high. The stock witnessed -1.08% declines, 21.05% gains and 32.37% 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 2.88% and during a month it has been found around 4.38%.

AXT, Inc. (AXTI) Top Holders

Institutional investors currently hold around $204 million or 63.2% in AXTI stock. Look at its top three institutional owners. Dimensional Fund Advisors Lp owns $26.67 million in AXT, Inc., which represents roughly 7.54% of the company’s market cap and approximately 13.07% 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 $22.08 million. The third largest holder is Vanguard Group Inc, which currently holds $13.91 million worth of this stock and that ownership represents nearly 3.93% of its market capitalization.

AXT, Inc. 13F Filings

At the end of 09/30/2017 reporting period, 46 institutional holders increased their position in AXT, Inc. (NASDAQ:AXTI) by some 2,432,623 shares, 50 decreased positions by 2,821,642 and 17 held positions by 18,372,386. That puts total institutional holdings at 23,626,651 shares, according to SEC filings. The stock grabbed 15 new institutional investments totaling 552,228 shares while 18 institutional investors sold out their entire positions totaling 612,483 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 VP Business Development Ochrym Robert G has sold 25,250 shares of AXT, Inc. (AXTI) in trading session dated Nov. 16, 2017. These shares are worth $225,735 and were traded at $8.94 each. The SEC filing shows that Fischer Gary L performed a sale of 20,000 shares. The VP, CFO & Corporate Secretary disposed these shares by way of transaction on Nov. 16, 2017. The company’s shares were given away at $9.16 per share worth to an income of some $183,200 on account of Fischer Gary L.

CEO, Young Morris S, sold 50,000 common shares of AXT, Inc. (AXTI) in the open market. In a transaction dated Nov. 07, 2017, the shares were put up for sale at an average price of $8.86, raking in a sum of $443,000. After this sale, 1,120,304 common shares of AXTI are directly owned by the insider, with total stake valued at $10,306,797.

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 1,181,970 shares worth $10,874,124.

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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