B. Riley Financial Cuts AXT (NASDAQ:AXTI) Price Target to $52.00

AXT (NASDAQ:AXTI) had its target price reduced by B. Riley Financial from $73.00 to $52.00 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. They currently have a neutral rating on the semiconductor company’s stock.

Several other brokerages also recently weighed in on AXTI. Northland Securities set a $125.00 target price on shares of AXT in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $50.00.

AXT Stock Performance

NASDAQ AXTI opened at $46.94 on Tuesday. The business’s 50 day moving average price is $77.44 and its 200-day moving average price is $61.74. AXT has a fifty-two week low of $1.85 and a fifty-two week high of $143.16. The company has a market cap of $3.07 billion, a P/E ratio of -151.41 and a beta of 1.86.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, equities analysts predict that AXT will post 0.19 EPS for the current year.

Insider Buying and Selling

In other AXT news, Director Jesse Chen sold 6,172 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the sale, the director owned 50,275 shares in the company, valued at $5,793,691. This trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Chang sold 8,333 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the sale, the director owned 65,165 shares in the company, valued at approximately $7,244,393.05. The trade was a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 251,636 shares of company stock valued at $27,789,677. Insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

A number of large investors have recently made changes to their positions in the stock. CloudAlpha Capital Management Limited Hong Kong purchased a new position in AXT in the 4th quarter worth about $22,738,000. Alyeska Investment Group L.P. bought a new stake in AXT during the 4th quarter valued at about $20,187,000. Assenagon Asset Management S.A. lifted its holdings in AXT by 161.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after buying an additional 930,526 shares in the last quarter. Jane Street Group LLC boosted its position in AXT by 1,314.6% in the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after buying an additional 840,650 shares during the period. Finally, Ariose Capital Management Ltd purchased a new stake in AXT in the 1st quarter valued at about $39,061,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Q2 results exceeded expectations. AXT reported revenue of $47.6 million, up approximately 165% year over year and ahead of the $34.8 million consensus estimate. EPS was reported at $0.17-$0.19, versus expectations of $0.07. Gross profit reached $21.4 million, while operating profit was $10.4 million and net income attributable to common shareholders was $11.1 million. AXT Second Quarter 2026 Financial Results
• Positive Sentiment: Guidance was far above analyst estimates. For the third quarter, management projected EPS of $0.30-$0.32, compared with the $0.10 consensus, and revenue of approximately $66 million, versus an estimate of $38.7 million. The forecast suggests continued acceleration in demand and operating leverage. AXT Stock Rips Higher After Q2 Earnings
• Positive Sentiment: AI-related demand is supporting the growth narrative. Management cited strong customer demand for data-center optical connectivity, while recent manufacturing expansion and customer additions are positioning AXT to benefit from AI infrastructure investment. AXT Surges After Q2 Results
• Positive Sentiment: A long-term Lumentum agreement improves visibility. AXT secured a capacity reservation and supply agreement for indium phosphide wafer substrates, potentially providing more predictable future demand from a major optical-components customer. AXT Long-Term Supplier Agreement with Lumentum

About AXT

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.