Analysts Set AXT Inc (NASDAQ:AXTI) Target Price at $77.00

Shares of AXT Inc (NASDAQ:AXTI) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $77.00.

Several research analysts recently weighed in on the company. UBS Group set a $90.00 price target on AXT in a research report on Friday, July 31st. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday, July 31st. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. B. Riley Financial dropped their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Finally, Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th.

Insider Buying and Selling

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the company’s 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 owned 113,129 shares in the company, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of AXT in the second quarter worth $365,607,000. Assenagon Asset Management S.A. boosted its position in AXT by 161.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after purchasing an additional 930,526 shares during the last quarter. Bank of America Corp DE acquired a new stake in AXT during the second quarter valued at $46,062,000. Ariose Capital Management Ltd acquired a new stake in AXT during the first quarter valued at $39,061,000. Finally, Wellington Management Group LLP purchased a new position in AXT in the second quarter valued at about $25,911,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Stock Performance

AXT stock opened at $70.03 on Wednesday. AXT has a 52 week low of $3.93 and a 52 week high of $143.16. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 3,501.50 and a beta of 1.92. The company has a 50 day moving average price of $63.10 and a 200 day moving average price of $72.93.

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