Brokerages Set AXT Inc (NASDAQ:AXTI) Target Price at $77.00

Shares of AXT Inc (NASDAQ:AXTI) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $77.00.

Several research firms have recently issued reports on AXTI. B. Riley Financial lowered 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. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Friday, July 31st. Weiss Ratings raised 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 AXT in a report on Friday, July 31st. Finally, Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th.

Insider Activity

In related news, CEO Morris S. Young sold 123,601 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the sale, the chief executive officer owned 2,149,533 shares in the company, valued at $243,606,574.89. This represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jesse Chen sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $95.77, for a total value of $1,245,010.00. Following the sale, the director directly owned 56,447 shares of the company’s stock, valued at $5,405,929.19. This represents a 18.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 258,136 shares of company stock worth $28,395,372 in the last three months. Corporate insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

A number of institutional investors and hedge funds have recently modified their holdings of the business. American Capital Advisory LLC bought a new stake in shares of AXT in the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in AXT during the first quarter worth $31,000. XTX Topco Ltd acquired a new stake in AXT in the second quarter worth $42,000. Jefferies Financial Group Inc. acquired a new stake in AXT in the third quarter worth $52,000. Finally, Global Retirement Partners LLC bought a new stake in AXT in the second quarter valued at $55,000. 49.52% of the stock is currently owned by institutional investors.

AXT Stock Down 3.4%

Shares of AXTI stock opened at $65.18 on Friday. AXT has a twelve month low of $2.75 and a twelve month high of $143.16. The stock’s fifty day simple moving average is $65.27 and its 200 day simple moving average is $68.97. The firm has a market capitalization of $4.27 billion, a P/E ratio of 3,259.00 and a beta of 1.90.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS 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 the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, equities research analysts expect that AXT will post 0.8 EPS for the current fiscal 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.