AXT Inc (NASDAQ:AXTI) Stock Has Average Price Target of $77.00

Shares of AXT Inc (NASDAQ:AXTI) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $77.00.

Several brokerages have issued reports on AXTI. UBS Group set a $90.00 target price on AXT in a research note on Friday, July 31st. Zacks Research cut shares of AXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research report on Friday, July 31st. B. Riley Financial reduced their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th.

AXT Stock Performance

Shares of AXTI opened at $51.47 on Friday. The stock has a 50 day moving average price of $70.26 and a two-hundred day moving average price of $76.05. The firm has a market capitalization of $3.37 billion, a P/E ratio of 2,573.50 and a beta of 1.86. AXT has a 52 week low of $4.35 and a 52 week high of $143.16.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts forecast that AXT will post 0.80 earnings per share for the current year.

Insider Buying and Selling at AXT

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the 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 sale, the director owned 113,129 shares of the company’s stock, valued at $10,868,303.03. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of AXT during the second quarter valued at about $365,607,000. Assenagon Asset Management S.A. boosted its position 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 purchasing an additional 930,526 shares in the last quarter. Ariose Capital Management Ltd bought a new position in AXT during the 1st quarter valued at approximately $39,061,000. Bank of America Corp DE purchased a new position in AXT during the second quarter valued at $46,062,000. Finally, Monolith Management Ltd bought a new stake in AXT in the fourth quarter worth $7,308,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

About AXT

AXT, Inc (NASDAQ: AXTI) develops and manufactures compound semiconductor substrate materials used in high-performance electronic and optoelectronic devices. Its primary products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, which serve as the foundation for semiconductor components.

The company’s substrates are used in applications such as fiber-optic communications, data-center and telecommunications equipment, wireless infrastructure, radio-frequency devices, lasers, light-emitting diodes, and certain solar cells.