AXT (NASDAQ:AXTI) Stock Price Up 13.7% – Here’s Why

AXT Inc (NASDAQ:AXTI) shares rose 13.7% during mid-day trading on Wednesday . The company traded as high as $75.10 and last traded at $74.19. 4,071,014 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 10,284,662 shares. The stock had previously closed at $65.27.

Analysts Set New Price Targets

Several research analysts have recently commented on AXTI shares. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, July 31st. B. Riley Financial cut their price target on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Northland Securities set a $125.00 price objective on shares of AXT in a research report on Wednesday, June 3rd. UBS Group set a $90.00 price objective on shares of AXT in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, AXT currently has a consensus rating of “Hold” and an average target price of $77.00.

AXT Stock Up 11.2%

The stock has a 50 day moving average price of $73.04 and a two-hundred day moving average price of $62.65. The company has a market cap of $4.75 billion, a P/E ratio of 3,629.35 and a beta of 1.90.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. AXT had a return on equity of 1.55% and a net margin of 3.23%.The firm had revenue of $47.59 million for the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Equities analysts anticipate that AXT Inc will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other AXT news, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the sale, the director owned 65,165 shares of the company’s stock, valued at $7,244,393.05. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jesse Chen sold 6,172 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $115.24, for a total transaction of $711,261.28. Following the transaction, the director owned 50,275 shares in the company, valued at approximately $5,793,691. The trade was a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 251,636 shares of company stock worth $27,789,677 in the last quarter. 5.97% of the stock is currently owned by corporate insiders.

Institutional Trading of AXT

Institutional investors have recently modified their holdings of the stock. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of AXT in the fourth quarter worth $22,738,000. Alyeska Investment Group L.P. bought a new stake in AXT during the fourth quarter worth about $20,187,000. Assenagon Asset Management S.A. lifted its position in AXT by 161.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after purchasing an additional 930,526 shares during the period. Jane Street Group LLC grew its stake in AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after buying an additional 840,650 shares in the last quarter. Finally, Ariose Capital Management Ltd bought a new position in AXT in the 1st quarter valued at about $39,061,000. 49.52% of the stock is currently owned by institutional investors.

AXT Company Profile

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.