AXT (NASDAQ:AXTI) Upgraded at Zacks Research

07 Nov 2026, 10:18 by Teresa Graham · The Cerbat Gem

Zacks Research upgraded shares of AXT (NASDAQ:AXTI – Free Report) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks reports.

A number of other research analysts also recently commented on the company. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. UBS Group set a $90.00 price objective on shares of AXT in a research note on Friday, July 31st. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, July 31st. Finally, B. Riley Financial boosted their target price on shares of AXT from $55.00 to $56.00 and gave the company a “neutral” rating in a research report on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $77.80.

Read Our Latest Report on AXTI

AXT Trading Up 5.9%

Shares of NASDAQ:AXTI traded up $2.16 on Wednesday, reaching $38.88. 11,316,766 shares of the company’s stock were exchanged, compared to its average volume of 10,353,646. The company has a fifty day moving average of $64.00 and a 200-day moving average of $64.62. AXT has a twelve month low of $7.81 and a twelve month high of $143.16. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of 86.40 and a beta of 2.01.

AXT (NASDAQ:AXTI – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.10. AXT had a return on equity of 5.21% and a net margin of 18.53%. The business had revenue of $73.41 million during the quarter, compared to analysts’ expectations of $66.00 million. As a group, equities research analysts forecast that AXT will post 1.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Leonard Leblanc sold 4,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ACT Capital Partners L.P. bought a new stake in shares of AXT during the third quarter worth $1,951,000. Diversified Trust Co bought a new position in shares of AXT in the 3rd quarter valued at $407,000. Russell Investments Group Ltd. lifted its stake in shares of AXT by 124.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 11,329 shares of the semiconductor company’s stock valued at $877,000 after acquiring an additional 6,289 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of AXT by 65,461.0% in the 3rd quarter. Fifth Third Bancorp now owns 26,880 shares of the semiconductor company’s stock valued at $2,081,000 after acquiring an additional 26,839 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new stake in shares of AXT during the 3rd quarter valued at $1,108,000. 49.52% of the stock is owned by institutional investors.

Key Stories Impacting AXT

Here are the key news stories impacting AXT this week:

Positive Sentiment: Zacks Research upgraded AXT from “hold” to “strong-buy,” a more bullish recommendation that may attract investor interest. Zacks Research ratings
Positive Sentiment: Northland Securities raised its earnings forecasts, including FY2026 EPS to $1.15 from $0.81 and FY2027 EPS to $2.29 from $2.03. It also increased estimates for several upcoming quarters, signaling stronger expected earnings growth. AXT analyst estimates
Positive Sentiment: A Zacks analysis highlighted AXT as a potential AI-infrastructure beneficiary amid demand for semiconductors. Another report cited a 162% year-over-year Q3 revenue increase and a backlog exceeding $500 million, pointing to strong demand for indium phosphide products. Zacks AI stocks analysis AXT Q3 analysis
Negative Sentiment: The same Q3 analysis cautioned that AXT’s roughly 191% rally has raised valuation concerns, leaving the stock vulnerable if growth or demand expectations disappoint. AXT Q3 analysis

About AXT

(Get Free Report)

AXT, Inc develops and manufactures compound semiconductor substrates used as the foundation for various high-performance electronic and optoelectronic devices. Its principal products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with other specialty materials such as gallium antimonide and indium arsenide.