AXT Inc (NASDAQ:AXTI) Given Consensus Recommendation of “Hold” by Analysts

Shares of AXT Inc (NASDAQ:AXTI) have earned a consensus rating of “Hold” from the five analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $77.00.

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

Insider Buying and Selling at AXT

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

Institutional Investors Weigh In On AXT

Several large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its stake in AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after acquiring an additional 930,526 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of AXT during the fourth quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. purchased a new stake in shares of AXT in the fourth quarter valued at approximately $20,187,000. Jane Street Group LLC grew its stake in AXT by 1,314.6% in the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after purchasing an additional 840,650 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in AXT by 112.0% during the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after purchasing an additional 410,181 shares during the period. 49.52% of the stock is owned by hedge funds and other institutional investors.

More AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Q2 results substantially exceeded expectations: AXT reported $0.19 in earnings per share versus the $0.07 consensus estimate, while revenue reached approximately $47.6 million, well above estimates near $34 million and up sharply from the prior year. The company also reported improved gross and operating profitability. AXTI Q2 Earnings Beat on Record InP Demand, Revenues Rise Y/Y
• Positive Sentiment: AI-related demand is accelerating: Management cited record InP revenue and strong demand from data-center optical connectivity customers. AXT plans to expand capacity and increase output while targeting further margin improvement. AXTI Q2 Earnings Call Highlights AI Capacity Expansion
• Positive Sentiment: Q3 guidance was well above consensus: AXT forecast earnings of $0.30-$0.32 per share and revenue of roughly $66 million, compared with analyst expectations of $0.10 EPS and $38.7 million in revenue. AXT Stock Rips Higher After Q2 Earnings
• Positive Sentiment: Analyst sentiment improved: Needham upgraded AXT from Hold to Buy and assigned a $90 price target. Heavy call-option buying also indicated increased bullish trading interest. Needham Upgrades AXT to Buy
• Neutral Sentiment: Despite the improved quarter, AXT’s trailing net margin remains negative and the stock continues to exhibit significant volatility, increasing the risk of sharp price swings after the rally.
• Negative Sentiment: Reported insider-trading data shows executives made multiple sales and no purchases during the past six months, which could temper investor confidence, although these transactions may not reflect current operating conditions.

AXT Stock Performance

Shares of AXTI opened at $60.43 on Tuesday. The stock has a market cap of $3.95 billion, a PE ratio of 3,021.50 and a beta of 1.86. AXT has a fifty-two week low of $1.85 and a fifty-two week high of $143.16. The firm’s 50-day simple moving average is $75.83 and its two-hundred day simple moving average is $61.74.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating 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 the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Equities research analysts predict that AXT will post 0.19 EPS for the current year.

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.