Shares of AXT Inc (NASDAQ:AXTI – Get Free Report) have been given an average recommendation of “Hold” by the five research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $43.80.
Several research firms have issued reports on AXTI. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th.
Read Our Latest Analysis on AXT
AXT Stock Down 8.5%
AXT (NASDAQ:AXTI – Get Free Report) last posted its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $26.92 million during the quarter, compared to analyst estimates of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, sell-side analysts expect that AXT will post 0.19 EPS for the current fiscal year.
Insider Activity at AXT
In related news, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction that occurred 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction dated 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 transaction, 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. In the last ninety days, insiders have sold 251,636 shares of company stock valued at $27,789,677. Corporate insiders own 5.97% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC raised its stake in shares of AXT by 2.8% in the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after acquiring an additional 8,039 shares during the last quarter. Creative Planning acquired a new stake in shares of AXT during the 2nd quarter worth approximately $86,000. XTX Topco Ltd bought a new stake in shares of AXT during the second quarter worth approximately $42,000. Dimensional Fund Advisors LP acquired a new position in AXT in the third quarter valued at approximately $145,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of AXT in the 3rd quarter worth $52,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.
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.
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