AXT Inc (NASDAQ:AXTI – Get Free Report)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $95.97, but opened at $88.70. AXT shares last traded at $90.12, with a volume of 3,163,124 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Northland Securities set a $125.00 price objective on AXT in a research note on Wednesday, June 3rd. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, July 31st. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday. Zacks Research upgraded AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, B. Riley Financial decreased their price target on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.00.
Get Our Latest Analysis on AXT
AXT Trading Down 13.0%
AXT (NASDAQ:AXTI – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $47.59 million during the quarter, compared to analyst estimates 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. Equities research analysts predict that AXT Inc will post 0.8 earnings per share for the current year.
Insider Activity at AXT
In other AXT news, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David C. Chang sold 8,333 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were 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 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. Company insiders own 5.97% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of AXTI. Kestra Advisory Services LLC increased its position in shares of AXT by 6.8% in the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 408 shares during the last quarter. American Capital Advisory LLC purchased a new stake in AXT in the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in AXT during the first quarter valued at approximately $31,000. Global Retirement Partners LLC bought a new stake in AXT during the second quarter valued at approximately $55,000. Finally, Leonteq Securities AG purchased a new position in AXT in the 1st quarter worth approximately $57,000. Hedge funds and other institutional investors 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.
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