AXT Inc (NASDAQ:AXTI) Receives $43.80 Average Target Price from Brokerages

AXT Inc (NASDAQ:AXTI) has received an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $77.00.

A number of research analysts have issued reports on AXTI shares. Needham & Company LLC upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Northland Securities set a $125.00 price objective on shares of AXT in a research report on Wednesday, June 3rd. B. Riley Financial lowered their target price on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Finally, UBS Group set a $90.00 price target on AXT in a report on Friday.

AXT Stock Up 13.6%

Shares of AXT stock opened at $68.67 on Tuesday. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 3,433.50 and a beta of 1.90. The business has a fifty day simple moving average of $74.38 and a 200-day simple moving average of $62.35. AXT has a fifty-two week low of $1.90 and a fifty-two week high of $143.16.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. AXT had a net margin of 3.23% and a return on equity of 1.55%. The business had revenue of $47.59 million during the quarter, compared to analysts’ expectations of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Analysts anticipate that AXT will post 0.19 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David C. Chang sold 8,333 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $111.17, for a total transaction of $926,379.61. Following the sale, the director owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. This represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jesse Chen sold 6,172 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the sale, the director directly owned 50,275 shares in the company, valued at approximately $5,793,691. The trade was a 10.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 251,636 shares of company stock valued at $27,789,677. Company insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

A number of large investors have recently modified their holdings of the business. American Capital Advisory LLC bought a new stake in AXT during the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of AXT during the 1st quarter valued at $31,000. Leonteq Securities AG purchased a new stake in shares of AXT during the 1st quarter valued at $57,000. Tema ETFs LLC bought a new stake in shares of AXT during the 2nd quarter worth $105,000. Finally, KBC Group NV bought a new stake in shares of AXT during the 1st quarter worth $88,000. Institutional investors own 49.52% of the company’s stock.

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.