AXT (NASDAQ:AXTI) Stock Rating Lowered by Zacks Research

AXT (NASDAQ:AXTI) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks reports.

Other analysts have also issued reports about the company. 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 research note on Friday, July 31st. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. UBS Group set a $90.00 target price on shares of AXT in a report on Friday, July 31st. Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Finally, B. Riley Financial decreased their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AXT presently has a consensus rating of “Hold” and an average target price of $77.00.

AXT Price Performance

NASDAQ AXTI opened at $77.41 on Tuesday. The business has a fifty day moving average price of $67.17 and a two-hundred day moving average price of $74.94. The stock has a market capitalization of $5.08 billion, a PE ratio of 3,870.50 and a beta of 1.92. AXT has a fifty-two week low of $4.00 and a fifty-two week high of $143.16.

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

Insider Transactions at AXT

In related news, Director Leonard Leblanc sold 4,000 shares of AXT stock in a transaction that occurred 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 sale, the director directly owned 113,129 shares in the company, valued at $10,868,303.03. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AXT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Capital Advisory LLC bought a new position in shares of AXT during the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of AXT in the first quarter worth $31,000. Global Retirement Partners LLC bought a new stake in shares of AXT in the second quarter worth $55,000. Leonteq Securities AG acquired a new stake in AXT in the first quarter valued at $57,000. Finally, Tema ETFs LLC acquired a new stake in AXT in the second quarter valued at $105,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

AXT Company Profile

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.