AXT (NASDAQ:AXTI – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.
AXTI has been the topic of a number of other reports. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, July 31st. B. Riley Financial dropped their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. UBS Group set a $90.00 price objective on AXT in a report on Friday, July 31st. Finally, Northland Securities set a $125.00 target price on AXT in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.
Check Out Our Latest Analysis on AXT
AXT Trading Up 6.4%
AXT (NASDAQ:AXTI – Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) 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 firm had revenue of $47.59 million during the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, research analysts forecast that AXT will post 0.8 earnings per share for the current fiscal year.
Insider Buying and Selling at AXT
In other news, Director Jesse Chen sold 6,172 shares of AXT 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 directly owned 50,275 shares in the company, valued at approximately $5,793,691. This trade represents a 10.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Morris S. Young sold 123,601 shares of the business’s 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 directly owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On AXT
Several institutional investors have recently bought and sold shares of the company. Polymer Capital Management HK LTD purchased a new position in AXT in the second quarter worth $1,045,000. Rakuten Securities Inc. purchased a new stake in shares of AXT during the 2nd quarter valued at $245,000. Vise Technologies Inc. purchased a new stake in shares of AXT during the 2nd quarter valued at $287,000. E Fund Management Co. Ltd. purchased a new stake in shares of AXT during the 2nd quarter valued at $3,328,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of AXT in the 2nd quarter worth $280,000. 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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