AXT FY2026 Earnings Forecast Boosted by Northland Securities

AXT Inc (NASDAQ:AXTI) – Equities researchers at Northland Securities boosted their FY2026 EPS estimates for shares of AXT in a research report issued to clients and investors on Friday, October 30th. Northland Securities analyst T. Savageaux now anticipates that the semiconductor company will earn $1.15 per share for the year, up from their prior estimate of $0.81. The consensus estimate for AXT’s current full-year earnings is $0.80 per share. Northland Securities also issued estimates for AXT’s Q4 2026 earnings at $0.54 EPS, Q1 2027 earnings at $0.46 EPS, Q2 2027 earnings at $0.53 EPS, Q3 2027 earnings at $0.61 EPS, Q4 2027 earnings at $0.70 EPS and FY2027 earnings at $2.29 EPS.

AXTI has been the topic of several other research reports. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, July 31st. B. Riley Financial lifted their price target on AXT from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. Zacks Research downgraded AXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, UBS Group set a $90.00 price objective on AXT in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AXT has a consensus rating of “Hold” and an average target price of $77.80.

AXT Stock Down 7.4%

Shares of NASDAQ:AXTI opened at $47.54 on Thursday. The company has a market cap of $3.12 billion, a P/E ratio of 105.64 and a beta of 2.01. AXT has a 52 week low of $7.81 and a 52 week high of $143.16. The company has a 50-day moving average price of $65.13 and a 200 day moving average price of $64.46.

AXT (NASDAQ:AXTI) last issued its earnings results on Thursday, October 29th. The semiconductor company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.10. The business had revenue of $73.41 million for the quarter, compared to the consensus estimate of $66.00 million. AXT had a net margin of 18.53% and a return on equity of 5.21%.

Insiders Place Their Bets

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the transaction, the director directly owned 113,129 shares in the company, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of AXT in the second quarter valued at $365,607,000. Bank of America Corp DE raised its stake in shares of AXT by 112.0% during the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after buying an additional 410,181 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of AXT in the 2nd quarter worth about $25,911,000. Rokos Capital Management LLP purchased a new stake in shares of AXT in the 1st quarter worth about $18,842,000. Finally, Squarepoint Ops LLC grew its stake in AXT by 1,347.0% in the 2nd quarter. Squarepoint Ops LLC now owns 312,999 shares of the semiconductor company’s stock valued at $22,561,000 after acquiring an additional 291,368 shares during the last quarter. 49.52% of the stock is currently owned by institutional investors and hedge funds.

AXT Company Profile

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.

The company’s substrates are used in applications including wireless communications, fiber-optic and data-center networks, lasers, light-emitting diodes, solar cells, consumer electronics, and aerospace and defense systems.