AXT (NASDAQ:AXTI) Shares Gap Up – Here’s What Happened

AXT Inc (NASDAQ:AXTI)’s share price gapped up before the market opened on Monday . The stock had previously closed at $56.62, but opened at $61.40. AXT shares last traded at $66.6790, with a volume of 2,475,481 shares traded.

Analysts Set New Price Targets

A number of brokerages have commented on AXTI. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. 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. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.80.

AXT Stock Performance

The company has a market capitalization of $4.27 billion, a PE ratio of -214.23 and a beta of 1.86. The stock’s fifty day simple moving average is $96.32 and its 200-day simple moving average is $57.04.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, equities analysts anticipate that AXT Inc will post 0.19 EPS for the current year.

Insider Buying and Selling

In other AXT news, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the completion of the transaction, the chief executive officer directly owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David C. Chang sold 8,333 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the transaction, the director directly owned 65,165 shares in the company, valued at approximately $7,244,393.05. This represents a 11.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 251,636 shares of company stock worth $27,789,677. 5.97% of the stock is owned by insiders.

Hedge Funds Weigh In On AXT

Several institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its stake in AXT by 2.8% in the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 8,039 shares during the last quarter. Creative Planning acquired a new stake in AXT in the 2nd quarter worth about $86,000. XTX Topco Ltd purchased a new stake in AXT in the 2nd quarter valued at about $42,000. Dimensional Fund Advisors LP purchased a new stake in AXT in the 3rd quarter valued at about $145,000. Finally, Jefferies Financial Group Inc. acquired a new position 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.

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.