AXT (NASDAQ:AXTI) Trading Up 7.9% – Time to Buy?

AXT Inc (NASDAQ:AXTI) shares were up 7.9% on Thursday . The company traded as high as $108.50 and last traded at $112.9240. Approximately 1,331,368 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 10,423,698 shares. The stock had previously closed at $104.61.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AXTI shares. B. Riley Financial raised their target price on shares of AXT to $21.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wedbush raised their target price on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of AXT in a research note on Wednesday, May 13th. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, UBS Group set a $35.00 target price on shares of AXT in a research note on Tuesday, February 17th. 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 company. According to MarketBeat.com, AXT presently has a consensus rating of “Hold” and a consensus target price of $22.80.

AXT Stock Performance

The stock has a market cap of $7.84 billion, a price-to-earnings ratio of -384.46 and a beta of 1.75. The firm’s 50-day simple moving average is $74.06 and its two-hundred day simple moving average is $38.34.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping the consensus estimate 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 company had revenue of $26.92 million during the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities research analysts expect that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Insider Transactions at AXT

In other news, Director Jesse Chen sold 8,083 shares of AXT stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $50.25, for a total transaction of $406,170.75. Following the completion of the sale, the director owned 109,526 shares in the company, valued at $5,503,681.50. The trade was a 6.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David C. Chang sold 20,000 shares of AXT stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $46.00, for a total transaction of $920,000.00. Following the sale, the director owned 72,744 shares of the company’s stock, valued at approximately $3,346,224. This represents a 21.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 502,278 shares of company stock worth $21,196,754 in the last quarter. 5.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. American Capital Advisory LLC acquired a new position in AXT during the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in AXT during the first quarter valued at approximately $31,000. XTX Topco Ltd acquired a new position in AXT during the second quarter valued at approximately $42,000. Jefferies Financial Group Inc. acquired a new position in AXT during the third quarter valued at approximately $52,000. Finally, Leonteq Securities AG acquired a new position in AXT during the first quarter valued at approximately $57,000. 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.