AXT (NASDAQ:AXTI) Reaches New 52-Week High – Should You Buy?

AXT Inc (NASDAQ:AXTI)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $135.42 and last traded at $135.8220, with a volume of 6475553 shares traded. The stock had previously closed at $121.02.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AXTI. B. Riley Financial increased their price target on AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. UBS Group set a $35.00 price target on AXT in a research note on Tuesday, February 17th. Wall Street Zen raised AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of AXT in a research note on Wednesday, May 13th. Finally, Wedbush increased their price target on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Two investment 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 an average rating of “Hold” and a consensus target price of $22.80.

AXT Price Performance

The firm has a market cap of $8.89 billion, a price-to-earnings ratio of -438.12 and a beta of 1.75. The company has a fifty day moving average price of $75.60 and a two-hundred day moving average price of $39.14.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $26.92 million during the quarter, compared to analyst estimates 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, research analysts expect that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Morris S. Young sold 37,905 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $51.13, for a total transaction of $1,938,082.65. Following the completion of the sale, the chief executive officer directly owned 2,275,328 shares of the company’s stock, valued at $116,337,520.64. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jesse Chen sold 8,083 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $50.25, for a total value of $406,170.75. Following the sale, the director directly owned 109,526 shares of the company’s stock, valued at approximately $5,503,681.50. This represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 502,278 shares of company stock valued at $21,196,754 over the last three months. Insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

Hedge funds have recently modified their holdings of the stock. American Capital Advisory LLC purchased a new stake in shares of AXT during the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of AXT during the first quarter valued at $31,000. XTX Topco Ltd purchased a new stake in shares of AXT during the second quarter valued at $42,000. Jefferies Financial Group Inc. purchased a new stake in shares of AXT during the third quarter valued at $52,000. Finally, Leonteq Securities AG purchased a new stake in shares of AXT during the first quarter valued at $57,000. 49.52% of the stock is owned by hedge funds and other 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.