AXT Subsidiary Secures Export Permits from China

The latest update is out from AXT ( (AXTI) ).

On June 11, 2025, Beijing Tongmei Xtal Technology, a subsidiary of AXT, Inc., received its initial export permits from the Ministry of Commerce of the People’s Republic of China to resume shipping indium phosphide substrates to certain customers. This development follows the export controls imposed on February 4, 2025, by Chinese authorities on materials including indium, impacting the company’s operations and market positioning.

The most recent analyst rating on (AXTI) stock is a Buy with a $5.00 price target. To see the full list of analyst forecasts on AXT stock, see the AXTI Stock Forecast page.

Spark’s Take on AXTI Stock

According to Spark, TipRanks’ AI Analyst, AXTI is a Neutral.

AXT’s overall stock score is primarily impacted by weak financial performance and valuation challenges. Despite positive technical indicators, negative profitability metrics and cautious earnings sentiment keep the score moderate. Improvement in operational efficiency and resolving export challenges are critical for a better outlook.

To see Spark’s full report on AXTI stock, click here.

More about AXT

Beijing Tongmei Xtal Technology is a material science company specializing in the development and manufacture of high-performance semiconductor substrate wafers, including indium phosphide, gallium arsenide, and germanium. Headquartered in Beijing, China, the company operates manufacturing facilities in three locations across China and holds partial ownership in joint ventures for raw material production. It is a subsidiary of AXT, Inc.

Average Trading Volume: 322,631

Technical Sentiment Signal: Sell

Current Market Cap: $88.47M

Learn more about AXTI stock on TipRanks’ Stock Analysis page.