Zacks Research downgraded shares of AXT (NASDAQ:AXTI – Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday,Zacks reports.
A number of other equities analysts have also issued reports on the stock. Northland Securities set a $125.00 target price on shares of AXT in a research report on Wednesday, June 3rd. UBS Group set a $90.00 price objective on shares of AXT in a research report on Friday, July 31st. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, July 31st. B. Riley Financial lowered 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. Finally, Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $77.00.
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AXT Price Performance
AXT (NASDAQ:AXTI – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. AXT had a return on equity of 0.96% and a net margin of 3.23%.The business had revenue of $47.59 million for the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, sell-side analysts expect that AXT will post 0.8 earnings per share for the current year.
Insiders Place Their Bets
In other news, Director Leonard Leblanc sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the sale, the director directly owned 113,129 shares in the company, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 5.97% of the company’s stock.
Hedge Funds Weigh In On AXT
Hedge funds and other institutional investors have recently modified their holdings of the stock. American Capital Advisory LLC acquired a new stake in AXT in the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in AXT during the first quarter worth $31,000. Global Retirement Partners LLC acquired a new position in AXT during the second quarter worth $55,000. Leonteq Securities AG bought a new position in shares of AXT during the first quarter valued at $57,000. Finally, Tema ETFs LLC bought a new position in shares of AXT during the second quarter valued at $105,000. Institutional investors own 49.52% of the company’s stock.
About AXT
AXT, Inc (NASDAQ: AXTI) develops and manufactures compound semiconductor substrate materials used in high-performance electronic and optoelectronic devices. Its primary products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, which serve as the foundation for semiconductor components.
The company’s substrates are used in applications such as fiber-optic communications, data-center and telecommunications equipment, wireless infrastructure, radio-frequency devices, lasers, light-emitting diodes, and certain solar cells.
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