AXT Inc (NASDAQ:AXTI – Get Free Report) shares gapped up prior to trading on Monday. The stock had previously closed at $51.47, but opened at $55.33. AXT shares last traded at $56.2420, with a volume of 2,360,076 shares.
Analyst Ratings Changes
Several brokerages have recently commented on AXTI. Zacks Research lowered AXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. 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 research report on Friday, July 31st. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. UBS Group set a $90.00 target price on AXT in a research note on Friday, July 31st. Finally, B. Riley Financial reduced 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.00.
Check Out Our Latest Analysis on AXT
AXT Stock Performance
The company has a market cap of $3.74 billion, a PE ratio of 2,854.50 and a beta of 1.86. The business’s 50-day moving average is $69.58 and its 200 day moving average is $76.28.
AXT (NASDAQ:AXTI – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.12. AXT had a net margin of 3.23% and a return on equity of 0.96%. The business had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Equities research analysts anticipate that AXT Inc will post 0.80 EPS for the current fiscal year.
Insider Activity at AXT
In other news, Director Leonard Leblanc sold 4,000 shares of AXT stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the transaction, the director owned 113,129 shares in the company, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their ownership of the stock. The transaction 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.
Institutional Investors Weigh In On AXT
Several institutional investors have recently bought and sold shares of the stock. American Capital Advisory LLC purchased a new stake in AXT during the 1st quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in AXT in the 1st quarter worth approximately $31,000. Global Retirement Partners LLC purchased a new position in AXT in the 2nd quarter worth approximately $55,000. Leonteq Securities AG purchased a new position in AXT in the 1st quarter worth approximately $57,000. Finally, GAMMA Investing LLC lifted its position in AXT by 3,881.2% in the third quarter. GAMMA Investing LLC now owns 1,274 shares of the semiconductor company’s stock valued at $99,000 after purchasing an additional 1,242 shares during the last quarter. 49.52% of the stock is currently owned by hedge funds and other institutional investors.
AXT Company Profile
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.
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