AXT (NASDAQ:AXTI) Shares Gap Up – Should You Buy?

AXT Inc (NASDAQ:AXTI)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $50.46, but opened at $54.82. AXT shares last traded at $56.0690, with a volume of 1,976,745 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.80.

AXT Trading Up 11.5%

The business’s 50-day simple moving average is $94.55 and its two-hundred day simple moving average is $58.92. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of -180.82 and a beta of 1.86.

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 net margin of 14.69% and a negative return on equity of 5.71%. The firm 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, analysts forecast that AXT Inc will post 0.19 earnings per share for the current fiscal year.

Insider Activity at AXT

In other AXT news, CEO Morris S. Young sold 123,601 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the completion of the sale, the chief executive officer directly owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Jesse Chen sold 13,000 shares of AXT stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $95.77, for a total value of $1,245,010.00. Following the completion of the transaction, the director directly owned 56,447 shares of the company’s stock, valued at approximately $5,405,929.19. This trade represents a 18.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 251,636 shares of company stock worth $27,789,677 over the last quarter. Company insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

Several institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC grew its stake in AXT by 6.8% during the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 408 shares during the period. American Capital Advisory LLC acquired a new position in AXT in the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of AXT during the 1st quarter worth approximately $31,000. Leonteq Securities AG acquired a new stake in shares of AXT during the 1st quarter worth approximately $57,000. Finally, Tema ETFs LLC acquired a new stake in shares of AXT during the 2nd quarter worth approximately $105,000. Institutional investors own 49.52% of the company’s stock.

About AXT

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.