Northland Capital Markets upgraded AXT, Inc. (NASDAQ: AXTI) from Market Perform to Outperform.

Analyst Tom Sepenzis comments, "AXTI continued its return to profitability with another quarter above expectations. Its mobile business and raw materials delivered modest growth in the quarter, and solar remains a key driver going forward. We are raising our raising our rating from Market Perform to Outperform."

The firm raised FY 2014 EPS from ($0.04) to ($0.03) and FY 2015 EPS from $0.04 to $0.06.

For an analyst ratings summary and ratings history on AXT, Inc. click here. For more ratings news on AXT, Inc. click here.

Shares of AXT, Inc. closed at $2.18 yesterday.