AXT Inc (NASDAQ:AXTI) Receives Consensus Rating of “Hold” from Brokerages

AXT Inc (NASDAQ:AXTI) has earned an average rating of “Hold” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $43.80.

A number of equities analysts have weighed in on AXTI shares. Northland Securities set a $125.00 price objective on shares of AXT in a research report on Wednesday, June 3rd. Wedbush upped their price objective on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. UBS Group set a $35.00 price objective on shares of AXT in a research report on Tuesday, February 17th. Finally, B. Riley Financial upped their price objective on shares of AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th.

Insider Activity

In other news, CEO Morris S. Young sold 123,601 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the transaction, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jesse Chen sold 9,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $86.73, for a total transaction of $780,570.00. Following the transaction, the director directly owned 78,447 shares in the company, valued at $6,803,708.31. The trade was a 10.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 224,131 shares of company stock worth $24,907,026 in the last ninety days. Corporate insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

Several large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in shares of AXT by 161.9% during the first 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 during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of AXT during the fourth quarter worth about $22,738,000. Alyeska Investment Group L.P. bought a new position in shares of AXT during the fourth quarter worth about $20,187,000. Jane Street Group LLC lifted its position in shares of AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after purchasing an additional 840,650 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of AXT by 112.0% during the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after purchasing an additional 410,181 shares during the last quarter. Institutional investors own 49.52% of the company’s stock.

AXT Stock Performance

Shares of NASDAQ AXTI opened at $97.18 on Monday. AXT has a 12-month low of $1.80 and a 12-month high of $143.16. The company has a market cap of $6.36 billion, a P/E ratio of -313.47 and a beta of 1.80. The stock has a fifty day moving average price of $92.50 and a 200 day moving average price of $50.14.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The firm had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, sell-side analysts forecast that AXT will post 0.2 EPS for the current fiscal year.

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.