AXT (NASDAQ:AXTI) Trading Up 8.3% – Here’s Why

Posted by Geri Gentry on Sep 18th, 2026

AXT Inc (NASDAQ:AXTI – Get Free Report) shares traded up 8.3% during trading on Wednesday . The stock traded as high as $62.80 and last traded at $62.4660. Approximately 1,701,051 shares changed hands during trading, a decline of 83% from the average daily volume of 10,220,977 shares. The stock had previously closed at $57.70.

Analyst Ratings Changes

Several equities research analysts have weighed in on AXTI shares. 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 report on Friday, July 31st. B. Riley Financial cut their price target 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. Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, AXT has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Check Out Our Latest Analysis on AXT

AXT Stock Up 5.4%

The company has a market cap of $4.44 billion, a P/E ratio of 3,387.50 and a beta of 1.92. The business’s 50 day moving average is $62.84 and its 200 day moving average is $72.76.

AXT (NASDAQ:AXTI – Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.12. The business had revenue of $47.59 million for the quarter, compared to analysts’ expectations of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, equities research analysts forecast that AXT Inc will post 0.8 EPS for the current year.

Insider Buying and Selling

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the completion of the sale, the director directly owned 113,129 shares of the company’s stock, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. American Capital Advisory LLC purchased a new stake in shares of AXT during the first quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in AXT in the 1st quarter worth approximately $31,000. Global Retirement Partners LLC purchased a new stake in AXT during the 2nd quarter worth approximately $55,000. Leonteq Securities AG purchased a new stake in AXT during the 1st quarter worth approximately $57,000. Finally, Tema ETFs LLC purchased a new stake in AXT during the 2nd quarter worth approximately $105,000. 49.52% of the stock is owned by institutional investors and hedge funds.

AXT Company Profile

(Get Free Report)

AXT, Inc (NASDAQ: AXTI) develops and manufactures compound semiconductor substrates used to produce high-performance electronic and optoelectronic devices. Its product portfolio includes gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with related materials and services supporting semiconductor manufacturing.

The company’s substrates are used in applications such as wireless communications, fiber-optic and data-center networking, optical sensing, laser devices, aerospace and defense systems, and solar cells.