AXT Inc (NASDAQ:AXTI) Stock Has Consensus Target Price of $77.00 According to Brokerages

Shares of AXT Inc (NASDAQ:AXTI) have been given a consensus recommendation of “Hold” by the six analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $77.00.

A number of brokerages recently commented on AXTI. Zacks Research cut AXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. UBS Group set a $90.00 target price on AXT in a research note on Friday, July 31st. B. Riley Financial cut their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, July 31st. Finally, Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th.

Insider Activity at AXT

In related news, Director Leonard Leblanc sold 4,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $96.07, for a total value of $384,280.00. Following the sale, the director directly owned 113,129 shares in the company, valued at $10,868,303.03. This trade represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in AXT in the second quarter valued at approximately $365,607,000. Assenagon Asset Management S.A. boosted its position in shares of AXT by 161.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after purchasing an additional 930,526 shares in the last quarter. Bank of America Corp DE bought a new position in shares of AXT during the second quarter worth $46,062,000. Ariose Capital Management Ltd bought a new position in shares of AXT during the first quarter worth $39,061,000. Finally, Wellington Management Group LLP acquired a new position in shares of AXT in the 2nd quarter valued at $25,911,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Stock Down 6.0%

AXT stock opened at $57.91 on Friday. The business’s 50-day simple moving average is $71.00 and its 200 day simple moving average is $76.22. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 2,895.50 and a beta of 1.86. AXT has a 12-month low of $4.35 and a 12-month high of $143.16.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $47.59 million during the quarter, compared to analyst estimates of $34.08 million. AXT had a net margin of 3.23% and a return on equity of 0.96%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, sell-side analysts expect that AXT will post 0.80 EPS for the current year.

About AXT

AXT, Inc (NASDAQ: AXTI) develops and manufactures compound semiconductor substrate materials used in high-performance electronic and optoelectronic devices. Its primary products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, which serve as the foundation for semiconductor components.

The company’s substrates are used in applications such as fiber-optic communications, data-center and telecommunications equipment, wireless infrastructure, radio-frequency devices, lasers, light-emitting diodes, and certain solar cells.