AXT Inc (NASDAQ:AXTI – Get Free Report)’s stock price rose 10.4% during trading on Tuesday. The stock traded as high as $52.35 and last traded at $53.2050. Approximately 2,601,934 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 10,132,807 shares. The stock had previously closed at $48.20.
Trending Headlines about AXT
Here are the key news stories impacting AXT this week:
- Positive Sentiment: Northland Securities raised its earnings estimates across 2026 and 2027. It now forecasts FY2026 EPS of $1.15, up from $0.81, and FY2027 EPS of $2.29, up from $2.03—signaling greater confidence in AXT’s growth outlook. MarketBeat report
- Positive Sentiment: AXT’s Q3 revenue surged 162%, and a backlog exceeding $500 million points to strong demand for indium phosphide (InP) products. Those results support the optimistic earnings outlook. Zacks article
- Neutral Sentiment: A Seeking Alpha article highlighted record Q3 revenue and a positive forward outlook, but also reported a rating downgrade, reflecting mixed views on the shares. Seeking Alpha article
- Negative Sentiment: Despite the growth outlook, AXT’s roughly 191% rally and valuation premium raise the risk of profit-taking and make the stock more vulnerable to disappointment. This may be a counterweight to its strong results and higher earnings estimates. Zacks article
Wall Street Analyst Weigh In
AXTI has been the topic of a number of research reports. UBS Group set a $90.00 target price on shares of AXT in a research note on Friday, July 31st. 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 report on Friday, October 30th. Zacks Research cut AXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, 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 report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.80.
AXT Stock Down 22.8%
The company has a 50 day moving average price of $65.13 and a 200-day moving average price of $64.46. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 81.60 and a beta of 2.01.
AXT (NASDAQ:AXTI – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.10. AXT had a net margin of 18.53% and a return on equity of 5.21%. The business had revenue of $73.41 million during the quarter, compared to analyst estimates of $66.00 million. On average, analysts forecast that AXT Inc will post 0.80 EPS for the current fiscal year.
Insider Transactions at AXT
In other news, Director Leonard Leblanc sold 4,000 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.97% of the company’s stock.
Hedge Funds Weigh In On AXT
A number of hedge funds have recently modified their holdings of AXTI. BlackRock Inc. bought a new stake in shares of AXT in the second quarter worth $365,607,000. Bank of America Corp DE increased its holdings in AXT by 112.0% in the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after purchasing an additional 410,181 shares during the period. Wellington Management Group LLP acquired a new stake in AXT in the second quarter valued at $25,911,000. Rokos Capital Management LLP bought a new position in AXT during the 1st quarter worth $18,842,000. Finally, Squarepoint Ops LLC raised its position in AXT by 1,347.0% during the 2nd quarter. Squarepoint Ops LLC now owns 312,999 shares of the semiconductor company’s stock worth $22,561,000 after purchasing an additional 291,368 shares during the last quarter. Institutional investors and hedge funds own 49.52% of the company’s stock.
About AXT
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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