AXT (NASDAQ:AXTI) Trading 7.9% Higher – What’s Next?

AXT Inc (NASDAQ:AXTI)’s share price traded up 7.9% on Thursday . The company traded as high as $108.50 and last traded at $112.9240. 1,331,368 shares were traded during trading, a decline of 87% from the average session volume of 10,423,698 shares. The stock had previously closed at $104.61.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. B. Riley Financial upped their target price on AXT to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. UBS Group set a $35.00 target price on AXT in a report on Tuesday, February 17th. Wedbush upped their target price on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of AXT in a report on Wednesday, May 13th. 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 MarketBeat.com, AXT has a consensus rating of “Hold” and an average target price of $22.80.

AXT Stock Up 16.4%

The business has a 50-day moving average price of $77.47 and a 200-day moving average price of $39.85. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of -454.28 and a beta of 1.75.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $26.92 million for the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, equities research analysts forecast that AXT Inc will post 0.2 earnings per share for the current year.

Insider Activity at AXT

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

Hedge Funds Weigh In On AXT

Several hedge funds have recently made changes to their positions in AXTI. Assenagon Asset Management S.A. boosted its holdings in AXT by 161.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after purchasing an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in AXT in the fourth quarter valued at $22,738,000. Alyeska Investment Group L.P. purchased a new stake in AXT in the fourth quarter valued at $20,187,000. Jane Street Group LLC boosted its holdings in AXT by 1,314.6% in the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after purchasing an additional 840,650 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in AXT by 112.0% in the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after purchasing an additional 410,181 shares during the last quarter. 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.