AXT Inc (AXTI) - What Are Brokerages Saying About This Stock?

Key Points

• AXT has a consensus “Hold” rating among six brokerages, with three buys, two holds, and one sell. The average 12-month price target is $77, versus a recent share price of $68.46.
• Recent analyst views were mixed: Needham upgraded AXT to “Buy” with a $90 target, while Zacks downgraded it to “Hold” and B. Riley cut its target to $52 with a “Neutral” rating.
• AXT exceeded quarterly expectations, reporting $0.19 in EPS versus $0.07 expected and revenue of $47.59 million versus $34.08 million expected. Institutional investors own about 49.5% of the company, while insiders own 5.97%.

AXT Inc (NASDAQ:AXTI - Get Free Report) has earned a consensus rating of "Hold" from the six brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $77.00.

A number of research analysts recently issued reports on AXTI shares. Zacks Research cut AXT from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 29th. Needham & Company LLC upgraded shares of AXT from a "hold" rating to a "buy" rating and set a $90.00 price target for the company in a research report on Friday, July 31st. Weiss Ratings upgraded AXT from a "sell (d-)" rating to a "sell (d+)" rating in a report on Friday, August 14th. UBS Group set a $90.00 price target on shares of AXT in a research report on Friday, July 31st. Finally, B. Riley Financial decreased their target price on AXT from $73.00 to $52.00 and set a "neutral" rating for the company in a research note on Tuesday, July 28th.

AXT Trading Down 4.5%

Shares of AXTI opened at $68.46 on Friday. AXT has a 1 year low of $4.00 and a 1 year high of $143.16. The stock has a 50 day simple moving average of $71.63 and a 200-day simple moving average of $76.20. The stock has a market cap of $4.49 billion, a PE ratio of 3,423.00 and a beta of 1.86.

AXT (NASDAQ:AXTI - Get Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. The business had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, sell-side analysts forecast that AXT will post 0.80 EPS for the current fiscal year.

Insider Activity at AXT

In other news, Director Leonard Leblanc sold 4,000 shares of AXT stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $384,280.00. Following the transaction, the director owned 113,129 shares in the company, valued at $10,868,303.03. The trade was a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AXTI. American Capital Advisory LLC acquired a new position in AXT in the 1st quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of AXT during the 1st quarter worth about $31,000. Global Retirement Partners LLC acquired a new position in shares of AXT during the 2nd quarter worth about $55,000. Leonteq Securities AG acquired a new position in shares of AXT during the 1st quarter worth about $57,000. Finally, KBC Group NV bought a new position in shares of AXT in the 1st quarter valued at about $88,000. Institutional investors and hedge funds own 49.52% of the company's stock.

About AXT

AXT, Inc NASDAQ: AXTI develops and manufactures compound semiconductor substrate materials used in high-performance electronic and optoelectronic devices. Its primary products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, which serve as the foundation for semiconductor components.

The company's substrates are used in applications such as fiber-optic communications, data-center and telecommunications equipment, wireless infrastructure, radio-frequency devices, lasers, light-emitting diodes, and certain solar cells.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.