AXT Sees Unusually Large Options Volume (NASDAQ:AXTI)

AXT Inc (NASDAQ:AXTI) saw some unusual options trading on Friday. Stock traders purchased 27,622 put options on the company. This represents an increase of approximately 24% compared to the average daily volume of 22,222 put options.

AXT Trading Up 9.6%

Shares of AXTI stock traded up $11.04 on Friday, hitting $126.02. The stock had a trading volume of 6,286,712 shares, compared to its average volume of 10,513,546. AXT has a twelve month low of $1.38 and a twelve month high of $134.00. The firm has a market cap of $8.24 billion, a P/E ratio of -407.92 and a beta of 1.75. The company has a fifty day moving average price of $68.10 and a two-hundred day moving average price of $35.38.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $26.92 million during the quarter, compared to analyst estimates of $26.22 million. AXT had a negative net margin of 14.69% and a negative return on equity of 6.11%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, analysts expect that AXT will post 0.2 earnings per share for the current year.

Insider Activity

In related news, Director David C. Chang sold 20,000 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $46.00, for a total transaction of $920,000.00. Following the completion of the sale, the director directly owned 72,744 shares in the company, valued at approximately $3,346,224. This trade represents a 21.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jesse Chen sold 8,083 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $50.25, for a total value of $406,170.75. Following the transaction, the director owned 109,526 shares in the company, valued at approximately $5,503,681.50. This trade represents a 6.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 502,278 shares of company stock worth $21,196,754 over the last quarter. Corporate insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

Several institutional investors and hedge funds have recently added to or reduced their stakes in AXTI. American Capital Advisory LLC bought a new stake in shares of AXT in the 1st quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of AXT in the 1st quarter valued at about $31,000. XTX Topco Ltd bought a new stake in shares of AXT in the 2nd quarter valued at about $42,000. Jefferies Financial Group Inc. bought a new stake in shares of AXT in the 3rd quarter valued at about $52,000. Finally, Leonteq Securities AG bought a new stake in shares of AXT in the 1st quarter valued at about $57,000. 49.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on AXTI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of AXT in a research report on Wednesday. Needham & Company LLC downgraded AXT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 20th. B. Riley Financial raised their price target on AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. UBS Group set a $35.00 price target on AXT in a research report on Tuesday, February 17th. Finally, Wedbush lifted their target price on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Two 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’s stock. According to data from MarketBeat, AXT presently has a consensus rating of “Hold” and an average target price of $22.80.

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.