AXT Inc (NASDAQ:AXTI) Receives $22.80 Consensus Target Price from Analysts

Shares of AXT Inc (NASDAQ:AXTI) have been assigned an average rating of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $22.80.

A number of research firms have commented on AXTI. Weiss Ratings reissued a “sell (e+)” rating on shares of AXT in a report on Wednesday, May 13th. Wedbush raised their price target on AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. UBS Group set a $35.00 price target on AXT in a research report on Tuesday, February 17th. B. Riley Financial raised their price target on AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th.

Insider Buying and Selling

In other AXT news, Director Jesse Chen sold 8,083 shares of AXT stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $50.25, for a total value of $406,170.75. Following the completion of the sale, the director owned 109,526 shares in the company, valued at $5,503,681.50. The trade was a 6.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David C. Chang sold 20,000 shares of AXT stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $46.00, for a total value of $920,000.00. Following the completion of the sale, the director owned 72,744 shares of the company’s stock, valued at $3,346,224. This trade represents a 21.56% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 502,278 shares of company stock worth $21,196,754. 5.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AXT

Several hedge funds and other institutional investors have recently modified their holdings of AXTI. Kestra Advisory Services LLC lifted its position in AXT by 6.8% during the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock worth $365,000 after acquiring an additional 408 shares in the last quarter. American Capital Advisory LLC bought a new stake in shares of AXT in the 1st quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of AXT in the 1st quarter valued at approximately $31,000. Leonteq Securities AG bought a new stake in shares of AXT in the 1st quarter valued at approximately $57,000. Finally, KBC Group NV bought a new stake in shares of AXT in the 1st quarter valued at approximately $88,000. 49.52% of the stock is owned by institutional investors and hedge funds.

AXT Trading Down 7.3%

AXTI stock opened at $104.61 on Thursday. The company has a market capitalization of $6.84 billion, a P/E ratio of -337.44 and a beta of 1.75. AXT has a twelve month low of $1.38 and a twelve month high of $134.00. The business has a 50 day simple moving average of $74.06 and a 200-day simple moving average of $38.34.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The firm had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Research analysts predict that AXT will post 0.2 EPS for the current fiscal year.

AXT Company Profile

AXT, Inc (NASDAQ: AXTI) is a global supplier of compound and single-element semiconductor substrates, offering a range of materials critical for high-performance electronic and optoelectronic devices. Founded in 1986 and headquartered in Fremont, California, AXT specializes in the development, manufacture and distribution of wafers composed of gallium arsenide (GaAs), indium phosphide (InP), gallium nitride (GaN) and other compound semiconductor materials. These substrates serve as the foundational platforms for devices used in data communications, wireless infrastructure, advanced computing, consumer electronics and photovoltaic applications.

AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.