AXT (NASDAQ:AXTI) Stock Price Up 6.6% – Should You Buy?

AXT Inc (NASDAQ:AXTI) traded up 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 mid-day trading, a decline of 79% from the average daily volume of 10,235,603 shares. The stock had previously closed at $58.15.

Analysts Set New Price Targets

AXTI has been the subject of a number of research reports. Northland Securities set a $125.00 price objective on shares of AXT in a report on Wednesday, June 3rd. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Two equities research 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.80.

AXT Price Performance

The company has a fifty day moving average price of $95.40 and a 200 day moving average price of $58.38. The company has a market capitalization of $4.09 billion, a P/E ratio of -201.77 and a beta of 1.86.

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

Insider Buying and Selling

In other AXT news, Director David C. Chang sold 8,333 shares of the company’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 transaction, the director owned 65,165 shares in the company, valued at approximately $7,244,393.05. This represents 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 6,172 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the sale, the director owned 50,275 shares in the company, valued at $5,793,691. The trade was a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 251,636 shares of company stock valued at $27,789,677 in the last quarter. Company insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AXTI. Shariaportfolio Inc. acquired a new stake in AXT in the 1st quarter valued at approximately $984,000. Bank of America Corp DE boosted its position in AXT by 112.0% during the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after acquiring an additional 410,181 shares during the period. Janus Henderson Group PLC bought a new position in shares of AXT in the first quarter worth $1,395,000. California State Teachers Retirement System bought a new position in shares of AXT in the first quarter worth $3,670,000. Finally, Royal Bank of Canada increased its holdings in shares of AXT by 38.8% during the first quarter. Royal Bank of Canada now owns 15,229 shares of the semiconductor company’s stock valued at $868,000 after purchasing an additional 4,255 shares during the period. 49.52% of the stock is 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.