AXT (NASDAQ:AXTI) Price Target Raised to $28.00

AXT (NASDAQ:AXTI) had its price target hoisted by Wedbush from $8.50 to $28.00 in a research report released on Friday, Marketbeat reports. Wedbush currently has an outperform rating on the semiconductor company’s stock.

Several other research analysts also recently commented on AXTI. Needham & Company LLC downgraded AXT from a “buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Wall Street Zen upgraded shares of AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Northland Securities set a $20.00 price target on shares of AXT in a report on Monday, December 22nd. Craig Hallum reiterated a “buy” rating on shares of AXT in a research report on Friday, January 9th. Finally, UBS Group set a $35.00 price objective on shares of AXT in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.80.

AXT Trading Up 24.7%

Shares of AXTI stock opened at $29.68 on Friday. AXT has a 12 month low of $1.13 and a 12 month high of $30.80. The stock has a market cap of $1.64 billion, a P/E ratio of -61.83 and a beta of 1.96. The company has a 50 day simple moving average of $19.78 and a two-hundred day simple moving average of $11.05.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, February 19th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $23.04 million for the quarter, compared to analysts’ expectations of $24.24 million. AXT had a negative return on equity of 10.59% and a negative net margin of 24.07%. As a group, equities analysts forecast that AXT will post -0.12 earnings per share for the current year.

Insider Transactions at AXT

In other news, Director David C. Chang sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $14.84, for a total transaction of $371,000.00. Following the completion of the transaction, the director owned 132,744 shares in the company, valued at $1,969,920.96. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Morris S. Young sold 35,000 shares of the business’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $12.05, for a total value of $421,750.00. Following the completion of the sale, the chief executive officer owned 2,495,564 shares in the company, valued at $30,071,546.20. This represents a 1.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 110,000 shares of company stock valued at $1,369,000. Company insiders own 8.80% of the company’s stock.

Institutional Trading of AXT

Several hedge funds have recently modified their holdings of AXTI. XTX Topco Ltd boosted its position in shares of AXT by 173.7% during the 4th quarter. XTX Topco Ltd now owns 35,201 shares of the semiconductor company’s stock valued at $576,000 after acquiring an additional 22,338 shares during the last quarter. SummitTX Capital L.P. purchased a new stake in AXT during the fourth quarter valued at $228,000. Tudor Investment Corp ET AL bought a new position in AXT during the fourth quarter valued at $278,000. Millennium Management LLC grew its stake in shares of AXT by 577.2% in the 4th quarter. Millennium Management LLC now owns 205,503 shares of the semiconductor company’s stock worth $3,360,000 after buying an additional 175,158 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of AXT in the 4th quarter worth about $1,041,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Analyst upgrade/price target bump: Wedbush raised its price target to $28 and kept an “outperform” rating, which added institutional credibility and buy‑side interest. Read More.
• Positive Sentiment: Unusually large call buying: Traders purchased roughly 6,246 call options (about a 66% jump vs. average), signaling speculative/hedged bullish positioning that can amplify upside momentum. (Options flow reported intraday.)
• Positive Sentiment: Momentum / market coverage: AXT was mentioned among equities moving higher in broader market roundups, which can attract momentum traders and headline‑driven flows. Read More.
• Neutral Sentiment: Company press release and call: AXT filed its Q4/fiscal‑2025 results and management said export permits were lower than hoped in Q4 but that some permits have since arrived and they expect sequential revenue improvement; that commentary reduces uncertainty if permits continue to clear. Read More.
• Neutral Sentiment: Full call transcripts published (MSN, Seeking Alpha) — provide detail for investors evaluating management’s tone, guidance and permit timing. Read More. Read More.
• Negative Sentiment: Earnings and revenue miss: AXT reported a ($0.05) EPS vs. a ($0.04) consensus and revenue of $23.04M vs. $24.24M expected — results show continuing losses and a negative margin profile, which are fundamental headwinds. Read More.
• Negative Sentiment: Export‑permit uncertainty: Outside coverage flagged that export hurdles cloud the near‑term outlook for AI‑chip substrate demand; delayed permits materially affected Q4 revenue and remain a risk until permit flow steadies. Read More.
• Neutral Sentiment: Short interest / data quirks: Recent short‑interest entries reported odd/zero values and short‑ratio metrics that don’t indicate a clear squeeze signal; treat these figures cautiously until clarified.

About AXT

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.