AXT (NASDAQ:AXTI) Shares Gap Up – Time to Buy?

AXT Inc (NASDAQ:AXTI) gapped up before the market opened on Monday . The stock had previously closed at $84.57, but opened at $93.52. AXT shares last traded at $88.6250, with a volume of 2,970,113 shares trading hands.

Wall Street Analysts Forecast Growth

AXTI has been the topic of several research analyst reports. Northland Securities set a $125.00 target price on shares of AXT in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, AXT has a consensus rating of “Hold” and a consensus target price of $43.80.

AXT Trading Down 15.7%

The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of -251.31 and a beta of 1.80. The firm has a 50 day moving average price of $97.73 and a two-hundred day moving average price of $54.09.

AXT (NASDAQ:AXTI) last posted its 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 during the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, research analysts forecast that AXT Inc will post 0.2 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director David C. Chang sold 8,333 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the transaction, the director owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jesse Chen sold 6,172 shares of AXT stock in a transaction on Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the transaction, the director owned 50,275 shares in the company, valued at $5,793,691. The trade was a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 251,636 shares of company stock worth $27,789,677 over the last ninety days. 5.97% of the stock is owned by company insiders.

Institutional Trading of AXT

Several large investors have recently added to or reduced their stakes in AXTI. Acadian Asset Management LLC lifted its stake in shares of AXT by 2.8% during the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock worth $412,000 after purchasing an additional 8,039 shares in the last quarter. Creative Planning purchased a new stake in shares of AXT in the second quarter worth about $86,000. XTX Topco Ltd acquired a new stake in shares of AXT in the second quarter valued at about $42,000. Dimensional Fund Advisors LP acquired a new stake in shares of AXT in the third quarter valued at about $145,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of AXT during the 3rd quarter valued at about $52,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

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.