AXT (NASDAQ:AXTI) Shares Gap Up – Still a Buy?

AXT Inc (NASDAQ:AXTI) shares gapped up prior to trading 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.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AXTI shares. Northland Securities set a $125.00 target price on shares of AXT in a report on Wednesday, June 3rd. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Two equities 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $43.80.

AXT Price Performance

The company has a market capitalization of $5.76 billion, a P/E ratio of -282.65 and a beta of 1.80. The company has a 50 day moving average of $96.87 and a 200-day moving average of $53.06.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The business had revenue of $26.92 million during the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Research analysts predict that AXT Inc will post 0.2 EPS for the current fiscal year.

Insider Activity at AXT

In related news, Director David C. Chang sold 8,333 shares of AXT 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 sale, the director owned 65,165 shares in the company, valued at $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the transaction, the director directly owned 56,447 shares in the company, valued at approximately $5,405,929.19. The trade was a 18.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 251,636 shares of company stock worth $27,789,677 over the last quarter. 5.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AXT

A number of large investors have recently modified their holdings of AXTI. American Capital Advisory LLC bought a new position in AXT in the first quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in AXT in the first quarter worth about $31,000. XTX Topco Ltd bought a new stake in AXT during the 2nd quarter valued at approximately $42,000. Jefferies Financial Group Inc. bought a new stake in AXT during the 3rd quarter valued at approximately $52,000. Finally, Leonteq Securities AG bought a new stake in AXT during the 1st 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.