AXT (NASDAQ:AXTI) Stock Price Up 6.6% – Time to Buy?

AXT Inc (NASDAQ:AXTI) shares traded up 6.6% during trading on Wednesday . The company traded as high as $64.40 and last traded at $61.98. Approximately 2,099,024 shares were traded during trading, a decline of 79% from the average session volume of 10,235,603 shares. The stock had previously closed at $58.15.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AXTI shares. Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, AXT has a consensus rating of “Hold” and a consensus price target of $43.80.

AXT Stock Performance

The firm has a market capitalization of $3.73 billion, a P/E ratio of -184.11 and a beta of 1.86. The stock’s 50 day simple moving average is $95.72 and its 200 day simple moving average is $57.71.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm 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, analysts anticipate that AXT Inc will post 0.19 earnings per share for the current year.

Insider Buying and Selling at AXT

In other news, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the transaction, the chief executive officer owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jesse Chen sold 6,172 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the sale, the director directly owned 50,275 shares of the company’s stock, valued at approximately $5,793,691. This trade represents a 10.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 251,636 shares of company stock valued at $27,789,677 in the last ninety days. Corporate insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

Large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its position in shares of AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after purchasing an additional 930,526 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new position in AXT in the fourth quarter worth approximately $22,738,000. Alyeska Investment Group L.P. bought a new position in AXT in the fourth quarter worth approximately $20,187,000. Jane Street Group LLC lifted its holdings in AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after buying an additional 840,650 shares during the period. Finally, Bank of America Corp DE boosted its position in AXT by 112.0% during the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after acquiring an additional 410,181 shares in the last quarter. 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.