AXT (NASDAQ:AXTI) Stock Price Up 5% – Here’s Why

AXT Inc (NASDAQ:AXTI) traded up 5% during mid-day trading on Monday . The stock traded as high as $62.25 and last traded at $61.5650. 1,527,080 shares were traded during mid-day trading, a decline of 85% from the average daily volume of 10,354,869 shares. The stock had previously closed at $58.63.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. B. Riley Financial dropped their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Friday, July 31st. UBS Group set a $90.00 target price on AXT in a research note on Friday, July 31st. Finally, Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

AXT Stock Up 4.2%

The stock has a market cap of $4.01 billion, a P/E ratio of 3,055.50 and a beta of 1.90. The company’s 50 day moving average price is $64.40 and its two-hundred day moving average price is $69.49.

AXT (NASDAQ:AXTI) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 EPS 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 company had revenue of $47.59 million for the quarter, compared to the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, equities research analysts forecast that AXT Inc will post 0.8 earnings per share for the current year.

Insider Buying and Selling

In other AXT news, Director Leonard J. Leblanc sold 4,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the transaction, the director directly owned 113,129 shares in the company, valued at $10,868,303.03. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jesse Chen sold 6,172 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the transaction, the director directly owned 50,275 shares in the company, valued at $5,793,691. This trade represents a 10.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 184,239 shares of company stock valued at $20,090,088 over the last three months. 5.97% of the stock is owned by company insiders.

Institutional Trading of AXT

Several hedge funds and other institutional investors have recently bought and sold shares of AXTI. BlackRock Inc. purchased a new stake in shares of AXT during the 2nd quarter worth $365,607,000. California State Teachers Retirement System raised its holdings in AXT by 7,385.7% in the second quarter. California State Teachers Retirement System now owns 4,821,215 shares of the semiconductor company’s stock worth $347,513,000 after purchasing an additional 4,756,809 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of AXT by 161.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after buying an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of AXT during the fourth quarter valued at about $22,738,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of AXT in the 4th quarter valued at about $20,187,000. 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.