AXT (NASDAQ:AXTI) Trading Up 5% – Here’s Why

AXT Inc (NASDAQ:AXTI) shares shot up 5% on Monday . The stock traded as high as $62.25 and last traded at $61.5650. 1,527,080 shares were traded during mid-day trading, a decline of 85% from the average session volume of 10,354,869 shares. The stock had previously closed at $58.63.

Wall Street Analyst Weigh In

Several research firms have issued reports on AXTI. B. Riley Financial cut their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Northland Securities set a $125.00 target price on AXT in a research report on Wednesday, June 3rd. UBS Group set a $90.00 price target on AXT in a research note on Friday, July 31st. Finally, Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

AXT Price Performance

The stock’s fifty day simple moving average is $64.40 and its 200-day simple moving average is $69.49. The firm has a market cap of $4.01 billion, a PE ratio of 3,055.50 and a beta of 1.90.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. AXT had a net margin of 3.23% and a return on equity of 0.96%. The firm had revenue of $47.59 million for the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Analysts expect that AXT Inc will post 0.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Leonard J. Leblanc sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the transaction, the director directly owned 113,129 shares in the company, valued at $10,868,303.03. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jesse Chen sold 6,172 shares of AXT stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the sale, the director directly owned 50,275 shares of the company’s stock, valued at $5,793,691. This trade represents a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 184,239 shares of company stock valued at $20,090,088. 5.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On AXT

Institutional investors have recently bought and sold shares of the business. Amundi acquired a new stake in AXT during the 2nd quarter valued at approximately $200,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of AXT in the second quarter worth $324,000. California State Teachers Retirement System raised its holdings in shares of AXT by 7,385.7% during the second quarter. California State Teachers Retirement System now owns 4,821,215 shares of the semiconductor company’s stock worth $347,513,000 after purchasing an additional 4,756,809 shares during the last quarter. Nykredit A S purchased a new position in shares of AXT during the second quarter worth $152,000. Finally, Teza Capital Management LLC acquired a new position in AXT during the second quarter valued at $352,000. 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.