AXT, Inc. (AXTI) Is At $6.45 Formed Wedge; Masters Capital Management Boosted Its Banco Santander Sa (SAN) Position

Banco Santander, S.A. (NYSE:SAN) Logo

AXT, Inc. (AXTI) formed wedge down with $6.19 target or 4.00% below today’s $6.45 share price. AXT, Inc. (AXTI) has $251.28M valuation. The stock decreased 0.77% or $0.05 during the last trading session, reaching $6.45. About 312,598 shares traded. AXT, Inc. (NASDAQ:AXTI) has risen 28.57% since April 21, 2017 and is uptrending. It has outperformed by 17.02% the S&P500.

Masters Capital Management Llc increased Banco Santander Sa (SAN) stake by 20% reported in 2017Q4 SEC filing. Masters Capital Management Llc acquired 1.00M shares as Banco Santander Sa (SAN)’s stock declined 2.57%. The Masters Capital Management Llc holds 6.00M shares with $39.24M value, up from 5.00M last quarter. Banco Santander Sa now has $109.14B valuation. The stock decreased 0.29% or $0.02 during the last trading session, reaching $6.78. About 3.24M shares traded. Banco Santander, S.A. (NYSE:SAN) has risen 7.36% since April 21, 2017 and is uptrending. It has underperformed by 4.19% the S&P500.

Among 12 analysts covering Banco Santander (NYSE:SAN), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Banco Santander had 20 analyst reports since July 31, 2015 according to SRatingsIntel. JP Morgan upgraded the stock to “Overweight” rating in Monday, April 25 report. As per Thursday, February 9, the company rating was downgraded by BNP Paribas. The stock of Banco Santander, S.A. (NYSE:SAN) earned “Outperform” rating by BNP Paribas on Monday, January 11. The firm has “Buy” rating given on Friday, March 23 by Keefe Bruyette & Woods. The rating was maintained by JP Morgan on Friday, April 21 with “Buy”. The stock has “Hold” rating by Kepler Cheuvreux on Friday, July 31. The stock of Banco Santander, S.A. (NYSE:SAN) has “Conviction Buy” rating given on Tuesday, March 8 by Goldman Sachs. The firm has “Overweight” rating by Barclays Capital given on Tuesday, September 6. The stock of Banco Santander, S.A. (NYSE:SAN) earned “Market Perform” rating by Wood on Friday, April 28. On Wednesday, February 1 the stock rating was upgraded by UBS to “Buy”.

Masters Capital Management Llc decreased Bank Amer Corp (Call) (NYSE:BAC) stake by 3.00 million shares to 2.00 million valued at $59.04M in 2017Q4. It also reduced Teradyne Inc (Call) (NYSE:TER) stake by 200,000 shares and now owns 1.00 million shares. Textron Inc (Call) (NYSE:TXT) was reduced too.

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. The firm earned “Buy” rating on Tuesday, April 17 by B. Riley & Co. The rating was upgraded by B. Riley & Co to “Buy” on Wednesday, December 9. Needham maintained AXT, Inc. (NASDAQ:AXTI) rating on Thursday, October 26. Needham has “Buy” rating and $11.0 target. Northland Capital maintained AXT, Inc. (NASDAQ:AXTI) on Thursday, October 26 with “Buy” rating. The firm earned “Buy” rating on Thursday, February 23 by Needham. The firm earned “Buy” rating on Wednesday, September 6 by Northland Capital. The firm earned “Buy” rating on Tuesday, May 3 by Craig Hallum. On Friday, March 17 the stock rating was downgraded by B. Riley & Co to “Neutral”. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Buy” rating by Dougherty on Friday, June 16. The stock of AXT, Inc. (NASDAQ:AXTI) earned “Buy” rating by Craig Hallum on Thursday, April 12.

AXT, Inc. (NASDAQ:AXTI) Ratings Chart