AXT (NASDAQ:AXTI) Price Target Cut to $52.00 by Analysts at B. Riley Financial

AXT (NASDAQ:AXTI) had its target price lowered by investment analysts at B. Riley Financial from $73.00 to $52.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. B. Riley Financial’s price objective suggests a potential upside of 8.60% from the stock’s previous close.

A number of other research firms have also commented on AXTI. Northland Securities set a $125.00 price objective on AXT in a research note on Wednesday, June 3rd. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, AXT has an average rating of “Hold” and an average target price of $50.00.

AXT Stock Performance

NASDAQ:AXTI opened at $47.88 on Tuesday. AXT has a 52 week low of $1.85 and a 52 week high of $143.16. The firm’s 50-day simple moving average is $81.67 and its 200 day simple moving average is $61.37. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of -154.45 and a beta of 1.86.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. 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. Sell-side analysts anticipate that AXT will post 0.19 EPS for the current year.

Insider Activity

In related news, Director Jesse Chen sold 13,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the sale, the director owned 56,447 shares in the company, valued at approximately $5,405,929.19. This trade represents a 18.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David C. Chang sold 8,333 shares of AXT stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction of $926,379.61. Following the completion of the transaction, the director directly owned 65,165 shares in the company, valued at $7,244,393.05. This trade represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 251,636 shares of company stock worth $27,789,677. 5.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AXT

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. American Capital Advisory LLC acquired a new stake in shares of AXT in the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of AXT during the 1st quarter worth $31,000. Leonteq Securities AG bought a new stake in shares of AXT during the 1st quarter worth $57,000. Tema ETFs LLC bought a new stake in shares of AXT during the 2nd quarter worth $105,000. Finally, KBC Group NV acquired a new stake in AXT in the first quarter valued at about $88,000. 49.52% of the stock is currently owned by institutional investors.

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.