AXT (NASDAQ:AXTI) Shares Gap Up – What’s Next?

AXT Inc (NASDAQ:AXTI) gapped up prior to trading on Monday . The stock had previously closed at $97.18, but opened at $107.33. AXT shares last traded at $113.3050, with a volume of 3,370,950 shares.

Analyst Ratings Changes

Several research firms have issued reports on AXTI. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Wedbush increased their target price on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. B. Riley Financial increased their target price on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Northland Securities set a $125.00 target price on shares of AXT in a research note on Wednesday, June 3rd. Finally, UBS Group set a $35.00 target price on shares of AXT in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, AXT has a consensus rating of “Hold” and a consensus target price of $43.80.

AXT Stock Performance

The company’s 50-day moving average price is $92.50 and its two-hundred day moving average price is $50.14. The stock has a market cap of $7.46 billion, a PE ratio of -368.39 and a beta of 1.80.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $26.92 million for the quarter, compared to analysts’ expectations of $26.22 million. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities research analysts forecast that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at AXT

In other news, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the sale, the chief executive officer owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jesse Chen sold 9,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $86.73, for a total transaction of $780,570.00. Following the sale, the director owned 78,447 shares in the company, valued at approximately $6,803,708.31. This trade represents a 10.29% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 224,131 shares of company stock worth $24,907,026. Corporate insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

Institutional investors and hedge funds have recently made changes to their positions in the business. American Capital Advisory LLC bought a new position in shares of AXT during the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of AXT during the 1st quarter valued at $31,000. XTX Topco Ltd bought a new position in shares of AXT during the 2nd quarter valued at $42,000. Jefferies Financial Group Inc. bought a new position in shares of AXT during the 3rd quarter valued at $52,000. Finally, Leonteq Securities AG bought a new position in shares of AXT during the 1st quarter valued at $57,000. Institutional investors own 49.52% of the company’s stock.

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.