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

Shares of AXT Inc (NASDAQ:AXTI) gapped up before the market opened on Monday . The stock had previously closed at $97.18, but opened at $107.33. AXT shares last traded at $113.3050, with a volume of 3,370,950 shares changing hands.

Analyst Upgrades and Downgrades

AXTI has been the topic of several recent research reports. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. UBS Group set a $35.00 price objective on shares of AXT in a research report on Tuesday, February 17th. Northland Securities set a $125.00 price objective on shares of AXT in a research report on Wednesday, June 3rd. Wedbush raised their target price on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, B. Riley Financial raised their target price on AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $43.80.

AXT Price Performance

The company has a market capitalization of $7.46 billion, a P/E ratio of -368.39 and a beta of 1.80. The company has a 50 day moving average of $92.50 and a 200-day moving average of $50.14.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $26.92 million for 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 5.71%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Research analysts predict that AXT Inc will post 0.2 EPS for the current fiscal year.

Insider Transactions at AXT

In other news, Director Jesse Chen sold 9,000 shares of AXT stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $86.73, for a total transaction of $780,570.00. Following the sale, the director owned 78,447 shares of the company’s stock, valued at approximately $6,803,708.31. The trade was a 10.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Morris S. Young sold 123,601 shares of AXT stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the sale, the chief executive officer directly owned 2,149,533 shares in the company, 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 have sold a total of 224,131 shares of company stock worth $24,907,026 in the last ninety days. Insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

A number of large investors have recently modified their holdings of the stock. Kestra Advisory Services LLC boosted its stake in shares of AXT by 6.8% during the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after purchasing an additional 408 shares in the last quarter. American Capital Advisory LLC bought a new stake in AXT during the first quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in AXT in the first quarter worth about $31,000. Leonteq Securities AG purchased a new stake in AXT in the first quarter worth about $57,000. Finally, KBC Group NV bought a new position in shares of AXT during the first quarter valued at approximately $88,000. Institutional investors own 49.52% of the company’s stock.

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.