AXT (NASDAQ:AXTI) Shares Gap Up – Here’s What Happened

AXT Inc (NASDAQ:AXTI) shares gapped up before the market opened on Thursday . The stock had previously closed at $122.77, but opened at $129.33. AXT shares last traded at $122.36, with a volume of 1,261,396 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. B. Riley Financial increased their price target on shares of AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of AXT in a research report on Wednesday, May 13th. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group set a $35.00 price target on shares of AXT in a research report on Tuesday, February 17th. Finally, Wedbush increased their price target on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.80.

AXT Stock Down 1.5%

The firm has a market cap of $7.91 billion, a P/E ratio of -387.26 and a beta of 1.75. The firm’s fifty day moving average is $82.51 and its two-hundred day moving average is $42.67.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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. As a group, sell-side analysts forecast that AXT Inc will post 0.2 EPS for the current year.

Insider Buying and Selling

In related news, Director David C. Chang sold 20,000 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $38.53, for a total value of $770,600.00. Following the completion of the transaction, the director directly owned 112,744 shares in the company, valued at $4,344,026.32. This trade represents a 15.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jesse Chen sold 15,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $47.13, for a total transaction of $706,950.00. Following the completion of the transaction, the director owned 123,612 shares of the company’s stock, valued at approximately $5,825,833.56. The trade was a 10.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 502,278 shares of company stock worth $21,196,754 in the last three months. 5.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. American Capital Advisory LLC bought a new position in shares of AXT in the 1st quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of AXT in the 1st quarter worth about $31,000. Leonteq Securities AG bought a new position in AXT in the 1st quarter worth about $57,000. KBC Group NV bought a new position in AXT in the 1st quarter worth about $88,000. Finally, SG Americas Securities LLC purchased a new stake in AXT during the 1st quarter valued at about $108,000. 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.