AXT (NASDAQ:AXTI) Upgraded to Strong-Buy at Zacks Research

Posted by Brenda Bartman on Nov 6th, 2026

Zacks Research upgraded shares of AXT (NASDAQ:AXTI – Free Report) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks reports.

Several other research firms also recently commented on AXTI. UBS Group set a $90.00 price objective on 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 report on Friday, August 14th. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, July 31st. Finally, B. Riley Financial upped their price target on shares of AXT from $55.00 to $56.00 and gave the stock a “neutral” rating in a research report on Friday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, AXT presently has a consensus rating of “Moderate Buy” and an average price target of $77.80.

View Our Latest Stock Analysis on AXT

AXT Stock Performance

Shares of NASDAQ AXTI opened at $36.72 on Wednesday. The stock has a 50 day moving average price of $64.56 and a 200 day moving average price of $64.53. AXT has a 52 week low of $7.81 and a 52 week high of $143.16. The stock has a market capitalization of $2.41 billion, a PE ratio of 81.60 and a beta of 2.01.

AXT (NASDAQ:AXTI – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.10. The firm had revenue of $73.41 million during the quarter, compared to the consensus estimate of $66.00 million. AXT had a return on equity of 5.21% and a net margin of 18.53%. As a group, research analysts forecast that AXT will post 1.11 EPS for the current year.

Insider Buying and Selling

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the business’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 transaction of $384,280.00. Following the transaction, the director owned 113,129 shares of the company’s stock, valued at $10,868,303.03. The trade was a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Reyes Financial Architecture Inc. bought a new stake in shares of AXT during the third quarter worth approximately $42,000. Global Retirement Partners LLC acquired a new position in shares of AXT in the second quarter valued at approximately $55,000. Signaturefd LLC grew its position in shares of AXT by 440.9% in the third quarter. Signaturefd LLC now owns 952 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 776 shares during the last quarter. KBC Group NV acquired a new position in shares of AXT in the first quarter valued at approximately $88,000. Finally, Pinnacle Wealth Planning Services Inc. increased its stake in shares of AXT by 143.1% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,269 shares of the semiconductor company’s stock worth $98,000 after purchasing an additional 747 shares during the period. 49.52% of the stock is currently owned by institutional investors.

More AXT News

Here are the key news stories impacting AXT this week:

Positive Sentiment: Zacks Research upgraded AXT from “hold” to “strong-buy,” which may bolster investor confidence. Zacks Research rating
Positive Sentiment: Northland Securities raised its earnings forecasts across 2026 and 2027, including FY2027 EPS to $2.29 from $2.03 and FY2026 EPS to $1.15 from $0.81, signaling greater optimism about AXT’s growth outlook. Northland Securities estimates
Positive Sentiment: Recent coverage highlighted a 162% year-over-year Q3 revenue increase and a backlog exceeding $500 million, citing strong demand for indium phosphide (InP), a material used in AI-related infrastructure and semiconductors. AXT Q3 results and outlook
Neutral Sentiment: Zacks also included AXTI among Strong Buy AI-related stocks, framing the tech selloff as a potential buying opportunity; this is favorable commentary but not a company-specific business update. Zacks AI stock commentary
Negative Sentiment: Coverage cautioned that AXTI’s sharp prior rally and valuation premium raise the risk of a pullback if growth or demand expectations disappoint. Valuation and risk discussion

About AXT

(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.