AXT Inc (NASDAQ:AXTI) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of AXT Inc (NASDAQ:AXTI) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $77.00.

A number of equities analysts recently issued reports on AXTI shares. UBS Group set a $90.00 target price on AXT in a report on Friday, July 31st. Northland Securities set a $125.00 target price on AXT in a report on Wednesday, June 3rd. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Friday, July 31st. Finally, B. Riley Financial cut their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th.

Insider Activity at AXT

In other news, Director Leonard Leblanc sold 4,000 shares of AXT 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 transaction, the director directly owned 113,129 shares of the company’s stock, valued at $10,868,303.03. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AXT

Several hedge funds have recently made changes to their positions in AXTI. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of AXT during the fourth quarter valued at $22,738,000. California State Teachers Retirement System purchased a new stake in AXT in the 1st quarter worth about $3,670,000. Bank of America Corp DE lifted its stake in AXT by 112.0% in the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after acquiring an additional 410,181 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in AXT during the 1st quarter worth about $1,395,000. Finally, Allworth Financial LP boosted its position in AXT by 3,764.7% during the 4th quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company’s stock worth $190,000 after acquiring an additional 11,294 shares during the period. Hedge funds and other institutional investors own 49.52% of the company’s stock.

AXT Stock Performance

AXTI opened at $57.70 on Wednesday. AXT has a one year low of $3.85 and a one year high of $143.16. The company has a market capitalization of $3.78 billion, a PE ratio of 2,885.00 and a beta of 1.92. The stock’s fifty day moving average is $62.65 and its 200-day moving average is $72.36.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. AXT had a net margin of 3.23% and a return on equity of 0.96%. The company had revenue of $47.59 million during the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, equities research analysts forecast that AXT will post 0.8 EPS for the current fiscal year.

AXT Company Profile

AXT, Inc (NASDAQ: AXTI) develops and manufactures compound semiconductor substrates used to produce high-performance electronic and optoelectronic devices. Its product portfolio includes gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with related materials and services supporting semiconductor manufacturing.

The company’s substrates are used in applications such as wireless communications, fiber-optic and data-center networking, optical sensing, laser devices, aerospace and defense systems, and solar cells.