AXT (NASDAQ:AXTI) Trading Up 6.6% – Time to Buy?

AXT Inc (NASDAQ:AXTI) rose 6.6% on Wednesday . The company traded as high as $64.40 and last traded at $61.98. Approximately 2,099,024 shares changed hands during trading, a decline of 79% from the average session volume of 10,235,603 shares. The stock had previously closed at $58.15.

Analyst Ratings Changes

Several equities analysts have issued reports on AXTI shares. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.80.

AXT Trading Down 2.0%

The stock has a market cap of $3.73 billion, a price-to-earnings ratio of -184.11 and a beta of 1.86. The stock has a 50-day moving average price of $95.72 and a two-hundred day moving average price of $57.71.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The company had revenue of $26.92 million for the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Research analysts predict that AXT Inc will post 0.19 earnings per share for the current fiscal year.

Insider Activity at AXT

In other AXT news, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction that occurred 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 owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jesse Chen sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the transaction, the director owned 56,447 shares in the company, valued at $5,405,929.19. The trade was a 18.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 251,636 shares of company stock valued at $27,789,677 in the last three months. 5.97% of the stock is owned by insiders.

Institutional Investors Weigh In On AXT

Large investors have recently made changes to their positions in the stock. American Capital Advisory LLC acquired a new position in shares of AXT in the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in AXT during the 1st quarter valued at about $31,000. Leonteq Securities AG purchased a new stake in AXT during the 1st quarter valued at about $57,000. KBC Group NV acquired a new position in shares of AXT in the first quarter valued at about $88,000. Finally, SG Americas Securities LLC purchased a new position in shares of AXT in the first quarter worth about $108,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

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.