AXT (NASDAQ:AXTI) Upgraded by Zacks Research to “Strong-Buy” Rating

Zacks Research upgraded shares of AXT (NASDAQ:AXTI) from a hold rating to a strong-buy rating in a report issued on Tuesday morning,Zacks.com reports.

Several other equities analysts have also commented on AXTI. Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. UBS Group set a $90.00 price objective on shares of AXT in a research report on Friday, July 31st. B. Riley Financial reduced their target price 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. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, Needham & Company LLC upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Friday, July 31st. One investment 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. Based on data from MarketBeat, AXT currently 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 firm 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 50 day simple moving average of $68.83 and a 200 day simple moving average of $64.97. AXT has a 12-month low of $2.05 and a 12-month high of $143.16.

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

Insider Transactions at AXT

In other news, CEO Morris S. Young sold 123,601 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the completion of the transaction, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David C. Chang sold 8,333 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AXT

Several large investors have recently bought and sold shares of the stock. Polymer Capital Management HK LTD bought a new stake in shares of AXT during the 2nd quarter worth about $1,045,000. Rakuten Securities Inc. acquired a new stake in shares of AXT in the 2nd quarter worth approximately $245,000. Vise Technologies Inc. acquired a new stake in shares of AXT in the 2nd quarter worth approximately $287,000. E Fund Management Co. Ltd. bought a new position in shares of AXT in the second quarter valued at approximately $3,328,000. Finally, Wealthfront Advisers LLC bought a new position in shares of AXT in the second quarter valued at approximately $280,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

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.