AXT (NASDAQ:AXTI) Shares Climb 7.8% – Time to Buy?

Posted by Brenda Bartman on Oct 28th, 2026

AXT Inc (NASDAQ:AXTI – Get Free Report) was up 7.8% during trading on Monday. The company traded as high as $54.98 and last traded at $56.1180. 2,603,553 shares traded hands during trading, a decline of 74% from the average daily volume of 10,074,459 shares. The stock had previously closed at $52.08.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AXTI shares. UBS Group set a $90.00 price target on shares of AXT in a report on Friday, July 31st. Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Zacks Research lowered AXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Friday, July 31st. Finally, B. Riley Financial decreased their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AXT currently has an average rating of “Hold” and an average price target of $77.00.

View Our Latest Stock Analysis on AXTI

AXT Stock Performance

The business has a 50 day moving average of $67.23 and a two-hundred day moving average of $63.52.

AXT (NASDAQ:AXTI – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $47.59 million for the quarter, compared to analysts’ expectations of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, analysts anticipate that AXT Inc will post 0.80 earnings per share for the current fiscal year.

Insider Buying and Selling at AXT

In related news, Director Leonard Leblanc sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the sale, the director directly owned 113,129 shares of the company’s stock, valued at $10,868,303.03. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

Several institutional investors and hedge funds have recently bought and sold shares of AXTI. Dupree Financial Group LLC grew its stake in AXT by 2.9% in the third quarter. Dupree Financial Group LLC now owns 14,349 shares of the semiconductor company’s stock worth $1,111,000 after purchasing an additional 400 shares in the last quarter. Kestra Advisory Services LLC increased its stake in AXT by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after buying an additional 408 shares during the period. American Capital Advisory LLC bought a new stake in AXT in the first quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of AXT in the first quarter worth about $31,000. Finally, Reyes Financial Architecture Inc. bought a new stake in AXT in the 3rd quarter valued at $42,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Company Profile

(Get Free Report)

AXT, Inc develops and manufactures compound semiconductor substrates used as the foundation for various high-performance electronic and optoelectronic devices. Its principal products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with other specialty materials such as gallium antimonide and indium arsenide.

The company’s substrates are used in applications including wireless communications, fiber-optic and data-center networks, lasers, light-emitting diodes, solar cells, consumer electronics, and aerospace and defense systems.