AXT (NASDAQ:AXTI) Shares Gap Up – What’s Next?

Shares of AXT Inc (NASDAQ:AXTI) gapped up prior to trading on Wednesday . The stock had previously closed at $73.78, but opened at $83.05. AXT shares last traded at $77.1050, with a volume of 3,633,305 shares trading hands.

Wall Street Analysts Forecast Growth

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

AXT Trading Up 5.3%

The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 3,883.00 and a beta of 1.90. The stock’s 50 day moving average is $69.40 and its two-hundred day moving average is $64.54.

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

Insiders Place Their Bets

In other news, Director Jesse Chen sold 13,000 shares of the stock in a transaction dated 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 completion of the transaction, the director directly owned 56,447 shares in the company, valued at $5,405,929.19. This represents a 18.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total value of $14,007,701.33. Following the completion of the transaction, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. The trade was a 5.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 251,636 shares of company stock valued at $27,789,677 in the last quarter. 5.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AXTI. Kestra Advisory Services LLC boosted its position in shares of AXT by 6.8% during the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after buying an additional 408 shares during the last quarter. American Capital Advisory LLC bought a new stake in shares of AXT in the 1st quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of AXT during the first quarter valued at about $31,000. Global Retirement Partners LLC purchased a new position in AXT during the second quarter worth about $55,000. Finally, Leonteq Securities AG bought a new stake in AXT in the 1st quarter worth about $57,000. 49.52% of the stock is owned by institutional investors and hedge funds.

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.