AXT (NASDAQ:AXTI) Shares Up 4.8% – What’s Next?

AXT Inc (NASDAQ:AXTI) rose 4.8% on Thursday. The stock traded as high as $76.46 and last traded at $76.47. 4,126,692 shares changed hands during trading, a decline of 60% from the average session volume of 10,239,283 shares. The stock had previously closed at $72.98.

Wall Street Analyst Weigh In

AXTI has been the topic of a number of research reports. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, July 31st. UBS Group set a $90.00 price target on shares of AXT in a research report on Friday, July 31st. Finally, Northland Securities set a $125.00 price objective on AXT in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AXT has an average rating of “Moderate Buy” and a consensus target price of $77.00.

AXT Trading Up 4.0%

The stock has a market capitalization of $5.18 billion, a PE ratio of 3,947.00 and a beta of 1.92. The stock’s fifty day simple moving average is $65.75 and its 200-day simple moving average is $74.05.

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

Insider Buying and Selling at AXT

In other news, Director Leonard Leblanc sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $96.07, for a total value of $384,280.00. Following the sale, the director owned 113,129 shares of the company’s stock, valued at $10,868,303.03. The trade was a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.97% of the stock is owned by insiders.

Institutional Investors Weigh In On AXT

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its stake in shares of AXT by 79.0% during the 2nd quarter. NewEdge Advisors LLC now owns 3,158 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 1,394 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of AXT by 1,347.0% in the second quarter. Squarepoint Ops LLC now owns 312,999 shares of the semiconductor company’s stock worth $22,561,000 after buying an additional 291,368 shares in the last quarter. Arizona State Retirement System boosted its position in shares of AXT by 10.4% in the second quarter. Arizona State Retirement System now owns 15,928 shares of the semiconductor company’s stock valued at $1,148,000 after acquiring an additional 1,505 shares during the period. Nykredit A S purchased a new position in AXT during the second quarter valued at approximately $152,000. Finally, Amundi purchased a new stake in AXT in the 2nd quarter worth approximately $200,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

AXT Company Profile

AXT, Inc (NASDAQ: AXTI) develops and manufactures compound semiconductor substrates used to produce high-performance electronic and optoelectronic devices. Its product portfolio includes gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with related materials and services supporting semiconductor manufacturing.

The company’s substrates are used in applications such as wireless communications, fiber-optic and data-center networking, optical sensing, laser devices, aerospace and defense systems, and solar cells.