AXT, Inc. (AXTI) Reaches $7.55 After 5.00% Down Move; Flaherty & Crumrine Dynamic Preferred & Income Fund (DFP)’s Sentiment Is 1.19

May 27, 2018 - By Sherry Myers

The stock of AXT, Inc. (NASDAQ:AXTI) is a huge mover today! The stock decreased 4.43% or $0.35 during the last trading session, reaching $7.55. About 721,990 shares traded or 79.50% up from the average. AXT, Inc. (NASDAQ:AXTI) has risen 28.57% since May 27, 2017 and is uptrending. It has outperformed by 17.02% the S&P500.The move comes after 6 months negative chart setup for the $294.14M company. It was reported on May, 27 by Barchart.com. We have $7.17 PT which if reached, will make NASDAQ:AXTI worth $14.71M less.

Flaherty & Crumrine Dynamic Preferred & Income Fund Inc (DFP) investors sentiment decreased to 1.19 in 2017 Q4. It’s down -1.03, from 2.22 in 2017Q3. The ratio fall, as 19 investment professionals increased and started new equity positions, while 16 reduced and sold stakes in Flaherty & Crumrine Dynamic Preferred & Income Fund Inc. The investment professionals in our database now hold: 1.47 million shares, down from 1.62 million shares in 2017Q3. Also, the number of investment professionals holding Flaherty & Crumrine Dynamic Preferred & Income Fund Inc in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 9 Increased: 13 New Position: 6.

Mathes Company Inc. holds 0.7% of its portfolio in Delphi Financial Group, Inc. for 57,000 shares. Aviance Capital Partners Llc owns 64,414 shares or 0.57% of their US portfolio. Moreover, Lakeview Capital Partners Llc has 0.32% invested in the company for 16,410 shares. The California-based First Foundation Advisors has invested 0.12% in the stock. Covington Capital Management, a California-based fund reported 38,400 shares.

The stock increased 0.51% or $0.12 during the last trading session, reaching $22.99. About 114,557 shares traded or 99.02% up from the average. Delphi Financial Group, Inc. (DFP) has declined 1.27% since May 27, 2017 and is downtrending. It has underperformed by 12.82% the S&P500.

Investors sentiment decreased to 1.14 in Q4 2017. Its down 0.07, from 1.21 in 2017Q3. It fall, as 8 investors sold AXT, Inc. shares while 34 reduced holdings. 22 funds opened positions while 26 raised stakes. 22.11 million shares or 5.71% less from 23.45 million shares in 2017Q3 were reported. Rhumbline Advisers reported 33,475 shares. Raymond James Financial Svcs Advsr reported 0% in AXT, Inc. (NASDAQ:AXTI). Gru One Trading L P reported 0% stake. Ariel Investments Ltd Llc reported 246,890 shares stake. Deutsche Bank & Trust Ag invested in 0% or 84,280 shares. Portolan Mngmt Ltd Limited Liability Company owns 617,482 shares. Northpointe Capital Lc accumulated 0.16% or 167,102 shares. Citigroup reported 0% in AXT, Inc. (NASDAQ:AXTI). Renaissance Technologies Ltd Liability has invested 0.01% in AXT, Inc. (NASDAQ:AXTI). Tower Research Limited Liability Com (Trc) holds 0% or 2,385 shares. Vanguard Grp Incorporated owns 0% invested in AXT, Inc. (NASDAQ:AXTI) for 1.65M shares. California State Teachers Retirement Sys stated it has 0% of its portfolio in AXT, Inc. (NASDAQ:AXTI). American Century Inc holds 0% or 32,441 shares in its portfolio. Cap Fund Management Sa stated it has 14,500 shares or 0% of all its holdings. First Manhattan Co invested in 10,000 shares or 0% of the stock.

More news for AXT, Inc. (NASDAQ:AXTI) were recently published by: Benzinga.com, which released: “45 Biggest Movers From Yesterday” on May 25, 2018. Benzinga.com‘s article titled: “42 Stocks Moving In Thursday’s Mid-Day Session” and published on May 24, 2018 is yet another important article.

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company has market cap of $294.14 million. The firm makes its semiconductor substrates using its proprietary vertical gradient freeze technology. It has a 29.04 P/E ratio. It offers semi-insulating gallium with arsenic substrates, which are used for applications in power amplifiers for wireless devices, and transistors and solar cells for drones.

Among 8 analysts covering AXT Inc (NASDAQ:AXTI), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AXT Inc had 19 analyst reports since December 9, 2015 according to SRatingsIntel. As per Friday, June 16, the company rating was maintained by Dougherty. The stock of AXT, Inc. (NASDAQ:AXTI) has “Buy” rating given on Thursday, October 27 by Needham. On Thursday, October 26 the stock rating was maintained by B. Riley & Co with “Neutral”. As per Tuesday, April 17, the company rating was upgraded by FBR Capital. The rating was upgraded by Craig Hallum to “Buy” on Tuesday, May 3. The firm earned “Buy” rating on Wednesday, December 9 by B. Riley & Co. B. Riley & Co maintained it with “Neutral” rating and $8.25 target in Thursday, February 22 report. The firm earned “Buy” rating on Thursday, October 26 by Needham. The rating was maintained by Northland Capital on Wednesday, September 6 with “Buy”. The rating was upgraded by B. Riley & Co on Tuesday, April 17 to “Buy”.

Analysts await AXT, Inc. (NASDAQ:AXTI) to report earnings on July, 25. They expect $0.08 EPS, up 60.00% or $0.03 from last year’s $0.05 per share. AXTI’s profit will be $3.12 million for 23.59 P/E if the $0.08 EPS becomes a reality. After $0.07 actual EPS reported by AXT, Inc. for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

AXT, Inc. (NASDAQ:AXTI) Ratings Chart

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