AXT (NASDAQ:AXTI) Shares Gap Up – Should You Buy?

AXT Inc (NASDAQ:AXTI)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $65.40, but opened at $68.20. AXT shares last traded at $69.1650, with a volume of 1,885,071 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on AXTI. B. Riley Financial cut their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday, June 3rd. Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. UBS Group set a $90.00 target price on AXT in a research report on Friday, July 31st. Finally, Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, AXT presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

AXT Stock Down 3.4%

The company’s fifty day moving average price is $65.27 and its two-hundred day moving average price is $68.97. The firm has a market cap of $4.27 billion, a PE ratio of 3,259.00 and a beta of 1.90.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, analysts predict that AXT Inc will post 0.8 earnings per share for the current year.

Insider Activity at AXT

In related news, Director Leonard J. Leblanc sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the completion of the transaction, the director owned 113,129 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction of $926,379.61. Following the sale, the director directly owned 65,165 shares of the company’s stock, valued at $7,244,393.05. This represents a 11.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 258,136 shares of company stock valued at $28,395,372 over the last quarter. Insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

A number of institutional investors have recently modified their holdings of the company. American Capital Advisory LLC acquired a new position in AXT during the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in AXT during the first quarter worth approximately $31,000. XTX Topco Ltd purchased a new stake in AXT during the second quarter worth approximately $42,000. Jefferies Financial Group Inc. acquired a new stake in shares of AXT in the third quarter worth $52,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of AXT in the second quarter worth $55,000. Hedge funds and other 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.