AXT Inc (NASDAQ:AXTI) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate AXT “Moderate Buy,” with three buy ratings, one strong-buy, one hold and one sell. The average 12-month price target is $77, though individual targets range from $52 to $125.
• AXT’s latest quarterly results exceeded expectations, with earnings per share of $0.19 versus a $0.07 consensus estimate and revenue of $47.59 million versus estimates of $34.08 million.
• AXTI shares opened at $57.70, with a market capitalization of about $3.78 billion and a wide 52-week range of $3.85 to $143.16. A director recently sold 4,000 shares, while institutional investors and hedge funds collectively own 49.52% of the stock.

Shares of AXT Inc (NASDAQ:AXTI - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $77.00.

A number of brokerages have recently weighed in on AXTI. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. Zacks Research upgraded AXT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. 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 note on Friday, July 31st. B. Riley Financial dropped their target price on shares of AXT from $73.00 to $52.00 and set a "neutral" rating on the stock in a report on Tuesday, July 28th. Finally, UBS Group set a $90.00 target price on shares of AXT in a report on Friday, July 31st.

AXT Stock Performance

Shares of AXTI stock opened at $57.70 on Wednesday. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 2,885.00 and a beta of 1.92. AXT has a one year low of $3.85 and a one year high of $143.16. The company's 50-day simple moving average is $62.65 and its 200-day simple moving average is $72.36.

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

Insider Buying and Selling at AXT

In related news, Director Leonard Leblanc sold 4,000 shares of the business's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the completion of the sale, the director owned 113,129 shares of the company's stock, valued at $10,868,303.03. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AXT

A number of hedge funds and other institutional investors have recently bought and sold shares of AXTI. Kestra Advisory Services LLC grew its position in shares of AXT by 6.8% during the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company's stock worth $365,000 after acquiring an additional 408 shares during the last quarter. American Capital Advisory LLC acquired a new position in AXT during the 1st quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in AXT during the 1st quarter valued at about $31,000. Global Retirement Partners LLC bought a new position in AXT in the 2nd quarter worth about $55,000. Finally, Leonteq Securities AG bought a new position in AXT in the 1st quarter worth about $57,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

About AXT

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.

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