AXT (NASDAQ:AXTI) Trading 9.6% Higher – Here’s Why

AXT Inc (NASDAQ:AXTI)’s share price rose 9.6% during mid-day trading on Friday . The stock traded as high as $84.42 and last traded at $84.8630. 3,177,156 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 10,399,645 shares. The stock had previously closed at $77.45.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. B. Riley Financial decreased their price objective on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday, June 3rd. UBS Group set a $90.00 target price on shares of AXT in a report on Friday, July 31st. Finally, Zacks Research upgraded AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.00.

AXT Stock Performance

The company’s 50-day moving average price is $68.26 and its 200 day moving average price is $65.39. The stock has a market capitalization of $5.21 billion, a PE ratio of 3,989.95 and a beta of 1.90.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results 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. The company had revenue of $47.59 million for the quarter, compared to analysts’ expectations of $34.08 million. AXT had a return on equity of 1.55% and a net margin of 3.23%.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.

Insider Transactions at AXT

In other AXT news, CEO Morris S. Young sold 123,601 shares of AXT 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 sale, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Chang sold 8,333 shares of the business’s 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 completion of the transaction, the director owned 65,165 shares of the company’s stock, valued at $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. Corporate insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

Several large investors have recently bought and sold shares of AXTI. American Capital Advisory LLC purchased a new position in AXT in the 1st quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of AXT in the first quarter worth approximately $31,000. XTX Topco Ltd bought a new stake in shares of AXT in the second quarter worth approximately $42,000. Jefferies Financial Group Inc. purchased a new position in shares of AXT during the third quarter valued at approximately $52,000. Finally, Global Retirement Partners LLC purchased a new position in shares of AXT during the second quarter valued at approximately $55,000. 49.52% of the stock is currently owned by 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.