Analysts Set AXT Inc (NASDAQ:AXTI) Price Target at $77.00

Shares of AXT Inc (NASDAQ:AXTI) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $77.00.

Several equities research analysts have recently issued reports on AXTI shares. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Friday, July 31st. B. Riley Financial lowered their target price on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. UBS Group set a $90.00 price target on AXT in a research note on Friday, July 31st. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. Finally, Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th.

Insiders Place Their Bets

In other news, Director Leonard Leblanc sold 4,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the sale, the director owned 113,129 shares of the company’s stock, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

Several institutional investors and hedge funds have recently made changes to their positions in AXTI. American Capital Advisory LLC bought a new position in shares of AXT in the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in AXT during the 1st quarter worth approximately $31,000. Global Retirement Partners LLC bought a new stake in AXT during the 2nd quarter worth approximately $55,000. Leonteq Securities AG purchased a new stake in AXT in the 1st quarter worth approximately $57,000. Finally, Tema ETFs LLC purchased a new stake in AXT in the 2nd quarter worth approximately $105,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Trading Down 2.7%

NASDAQ AXTI opened at $77.79 on Wednesday. AXT has a 1-year low of $4.00 and a 1-year high of $143.16. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 3,889.50 and a beta of 1.92. The stock’s 50 day moving average is $64.09 and its two-hundred day moving average is $73.47.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. AXT had a return on equity of 0.96% and a net margin of 3.23%.The business had revenue of $47.59 million during the quarter, compared to analysts’ expectations of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, analysts predict that AXT will post 0.8 earnings per share for the current year.

About AXT

AXT, Inc (NASDAQ: AXTI) develops and manufactures compound semiconductor substrates used to produce high-performance electronic and optoelectronic devices. Its product portfolio includes gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with related materials and services supporting semiconductor manufacturing.

The company’s substrates are used in applications such as wireless communications, fiber-optic and data-center networking, optical sensing, laser devices, aerospace and defense systems, and solar cells.