AXT (NASDAQ:AXTI) Stock Rating Upgraded by Zacks Research

AXT (NASDAQ:AXTI) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. Needham & Company LLC upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Friday, July 31st. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Northland Securities set a $125.00 price objective on shares of AXT in a report on Wednesday, June 3rd. B. Riley Financial reduced their price objective on shares of AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Finally, UBS Group set a $90.00 target price on AXT in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

AXT Price Performance

NASDAQ:AXTI opened at $78.47 on Tuesday. The company has a market capitalization of $5.13 billion, a P/E ratio of 3,923.50 and a beta of 1.90. The business has a fifty day simple moving average of $68.83 and a two-hundred day simple moving average of $64.97. AXT has a 1 year low of $2.05 and a 1 year high of $143.16.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. AXT had a return on equity of 1.55% and a net margin of 3.23%.The firm had revenue of $47.59 million for the quarter, compared to analysts’ expectations of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, analysts anticipate that AXT will post 0.8 earnings per share for the current year.

Insider Transactions at AXT

In related news, Director Jesse Chen sold 6,172 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the transaction, the director owned 50,275 shares of the company’s stock, valued at approximately $5,793,691. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Chang sold 8,333 shares of the company’s stock in a transaction that occurred on 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 directly owned 65,165 shares in the company, valued at $7,244,393.05. This trade represents a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong bought a new stake in AXT during the fourth quarter valued at $22,738,000. Maytree Asset Management Ltd bought a new position in AXT in the 4th quarter worth about $11,156,000. California State Teachers Retirement System purchased a new stake in shares of AXT in the 1st quarter valued at about $3,670,000. Janus Henderson Group PLC purchased a new stake in shares of AXT in the 1st quarter valued at about $1,395,000. Finally, Allworth Financial LP boosted its position in shares of AXT by 3,764.7% during the 4th quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company’s stock valued at $190,000 after acquiring an additional 11,294 shares during the last quarter. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

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.