AXT Inc (NASDAQ:AXTI) Stock Has Average Target Price of $77.00

Shares of AXT Inc (NASDAQ:AXTI) have received an average recommendation of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $77.00.

A number of analysts have commented on the stock. Zacks Research cut shares of 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 on the stock in a research note on Friday, July 31st. Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. UBS Group set a $90.00 price objective on shares of AXT in a research report on Friday, July 31st. Finally, B. Riley Financial reduced their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th.

Insiders Place Their Bets

In related news, Director Leonard Leblanc sold 4,000 shares of AXT stock in a transaction on 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 directly owned 113,129 shares in the company, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

A number of hedge funds and other institutional investors have recently bought and sold shares of AXTI. California State Teachers Retirement System bought a new stake in shares of AXT during the 1st quarter valued at $3,670,000. Bank of America Corp DE boosted its holdings in AXT by 112.0% in the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after buying an additional 410,181 shares during the period. Janus Henderson Group PLC bought a new position in AXT in the 1st quarter worth $1,395,000. Rokos Capital Management LLP purchased a new stake in AXT in the 1st quarter worth $18,842,000. Finally, Swiss National Bank bought a new position in shares of AXT in the first quarter worth about $5,920,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

AXT Stock Up 4.3%

NASDAQ AXTI opened at $64.63 on Friday. AXT has a 52 week low of $4.35 and a 52 week high of $143.16. The firm has a market capitalization of $4.24 billion, a P/E ratio of 3,231.50 and a beta of 1.86. The company has a 50-day moving average price of $71.49 and a 200-day moving average price of $76.22.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. As a group, equities research analysts anticipate that AXT will post 0.80 EPS for the current year.

AXT Company Profile

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.