AXT Inc (NASDAQ:AXTI – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $70.74, but opened at $66.63. AXT shares last traded at $63.27, with a volume of 2,574,954 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Zacks Research upgraded AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. B. Riley Financial dropped their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. UBS Group set a $90.00 target price on AXT in a research note on Friday, July 31st. Northland Securities set a $125.00 target price on AXT in a report on Wednesday, June 3rd. Finally, Needham & Company LLC upgraded 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.
AXT Stock Performance
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. On average, equities research analysts forecast that AXT Inc will post 0.8 earnings per share for the current fiscal year.
Insider Activity at AXT
In other AXT news, Director Jesse Chen sold 6,172 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the sale, the director owned 50,275 shares of the company’s stock, valued at $5,793,691. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Leonard J. Leblanc sold 4,000 shares of AXT stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $96.07, for a total value of $384,280.00. Following the sale, the director owned 113,129 shares of the company’s stock, valued at approximately $10,868,303.03. This trade represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 258,136 shares of company stock valued at $28,395,372. Company insiders own 5.97% of the company’s stock.
Institutional Investors Weigh In On AXT
Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in AXT during the second quarter valued at approximately $365,607,000. California State Teachers Retirement System grew its stake in AXT by 7,385.7% in the 2nd quarter. California State Teachers Retirement System now owns 4,821,215 shares of the semiconductor company’s stock worth $347,513,000 after buying an additional 4,756,809 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after buying an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of AXT in the 4th quarter worth $22,738,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of AXT during the 4th quarter valued at $20,187,000. 49.52% of the stock is owned by hedge funds and other institutional investors.
AXT Company Profile
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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