Canaccord Genuity Reiterates GBX 555.00 Price Target On Polar Capital Holdings (LON:POLR), Reiterates Buy Rating; Axt (AXTI) SI Decreased By 20.25%

December 7, 2017 - By Kurt Siggers

Axt Incorporated (NASDAQ:AXTI) had a decrease of 20.25% in short interest. AXTI’s SI was 1.49M shares in December as released by FINRA. Its down 20.25% from 1.87 million shares previously. With 368,600 avg volume, 4 days are for Axt Incorporated (NASDAQ:AXTI)’s short sellers to cover AXTI’s short positions. The SI to Axt Incorporated’s float is 4.75%. The stock decreased 5.59% or $0.5 during the last trading session, reaching $8.45. About 847,653 shares traded or 83.29% up from the average. AXT, Inc. (NASDAQ:AXTI) has risen 115.17% since December 7, 2016 and is uptrending. It has outperformed by 98.47% the S&P500.

Canaccord Genuity currently has a GBX 555.00 target price on the 442.16M GBP market cap company or 14.67% upside potential. In a research note issued on Wednesday, 6 December, Polar Capital Holdings (LON:POLR) stock had its Buy Rating reaffirmed by investment analysts at Canaccord Genuity.

Investors sentiment decreased to 1.49 in 2017 Q2. Its down 0.41, from 1.9 in 2017Q1. It fall, as 18 investors sold AXT, Inc. shares while 21 reduced holdings. 32 funds opened positions while 26 raised stakes. 23.77 million shares or 16.44% more from 20.41 million shares in 2017Q1 were reported. The Georgia-based Invesco has invested 0% in AXT, Inc. (NASDAQ:AXTI). Eagle Glob Advsr Limited Liability Com reported 0.01% in AXT, Inc. (NASDAQ:AXTI). State Board Of Administration Of Florida Retirement System holds 23,133 shares or 0% of its portfolio. Gotham Asset Management Lc has invested 0% in AXT, Inc. (NASDAQ:AXTI). Qs Invsts Lc invested in 0% or 1,160 shares. California State Teachers Retirement Systems has 0% invested in AXT, Inc. (NASDAQ:AXTI) for 65,900 shares. 167,851 were reported by Parametric Port Lc. Geode Limited Liability Company holds 0% or 307,679 shares. Bogle Mngmt L P De holds 0.15% in AXT, Inc. (NASDAQ:AXTI) or 317,723 shares. Essex Invest Mgmt Limited reported 382,411 shares or 0.35% of all its holdings. Mckinley Cap Mngmt Lc Delaware reported 0.07% in AXT, Inc. (NASDAQ:AXTI). Deutsche Commercial Bank Ag owns 0% invested in AXT, Inc. (NASDAQ:AXTI) for 45,357 shares. 148,815 are held by Morgan Stanley. Walleye Trading Lc holds 0% or 2,000 shares. Kennedy Capital Management Inc has invested 0.1% in AXT, Inc. (NASDAQ:AXTI).

Among 7 analysts covering AXT Inc (NASDAQ:AXTI), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. AXT Inc had 14 analyst reports since December 9, 2015 according to SRatingsIntel. Craig Hallum upgraded the shares of AXTI in report on Tuesday, May 3 to “Buy” rating. B. Riley & Co maintained the shares of AXTI in report on Thursday, October 26 with “Neutral” rating. The rating was maintained by Needham on Thursday, October 27 with “Buy”. B. Riley & Co upgraded the shares of AXTI in report on Wednesday, December 9 to “Buy” rating. The company was maintained on Wednesday, September 6 by Northland Capital. The rating was maintained by Needham on Thursday, February 23 with “Buy”. The rating was maintained by Dougherty with “Buy” on Friday, June 16. On Friday, March 17 the stock rating was downgraded by B. Riley & Co to “Neutral”. Needham maintained the stock with “Buy” rating in Thursday, October 26 report. The rating was initiated by Dougherty & Company with “Buy” on Monday, February 13.

AXT, Inc. designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company has market cap of $324.25 million. The firm makes its semiconductor substrates using its proprietary vertical gradient freeze technology. It has a 34.07 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.

The stock increased 1.19% or GBX 5.75 during the last trading session, reaching GBX 489.75. About 116 shares traded. Polar Capital Holdings plc (LON:POLR) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Polar Capital Holdings plc is a publicly owned investment manager. The company has market cap of 442.16 million GBP. The firm provides its services to professional and institutional investors. It has a 28.81 P/E ratio. It launches and manages equity and balanced mutual funds.

Among 6 analysts covering Polar Capital Holdings PLC (LON:POLR), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Polar Capital Holdings PLC has GBX 560 highest and GBX 289 lowest target. GBX 504.17’s average target is 2.94% above currents GBX 489.75 stock price. Polar Capital Holdings PLC had 77 analyst reports since August 4, 2015 according to SRatingsIntel. Shore Capital maintained the shares of POLR in report on Thursday, April 13 with “Buy” rating. Numis Securities maintained Polar Capital Holdings plc (LON:POLR) on Tuesday, October 3 with “Hold” rating. Numis Securities maintained it with “Add” rating and GBX 325 target in Thursday, December 8 report. On Tuesday, June 21 the stock rating was maintained by Peel Hunt with “Add”. The firm earned “Hold” rating on Friday, October 13 by Shore Capital. The rating was maintained by Numis Securities with “Hold” on Friday, September 2. The stock has “Hold” rating by Cantor Fitzgerald on Friday, June 24. Canaccord Genuity maintained Polar Capital Holdings plc (LON:POLR) rating on Friday, December 2. Canaccord Genuity has “Buy” rating and GBX 385 target. Numis Securities maintained Polar Capital Holdings plc (LON:POLR) rating on Thursday, November 2. Numis Securities has “Hold” rating and GBX 490 target. The rating was maintained by Peel Hunt with “Add” on Monday, July 17.

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By1 Kurt Siggers




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