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

AXT Inc (NASDAQ:AXTI) shares gapped up before the market opened 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.

Analyst Upgrades and Downgrades

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

AXT Price Performance

The company has a fifty day moving average price of $96.87 and a 200 day moving average price of $53.06. The company has a market cap of $5.76 billion, a PE ratio of -282.65 and a beta of 1.80.

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

Insider Activity

In other news, CEO Morris S. Young sold 123,601 shares of AXT stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the completion of the sale, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their position. The transaction was disclosed in a legal 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 on 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 transaction, the director owned 50,275 shares of the company’s stock, valued at $5,793,691. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 251,636 shares of company stock worth $27,789,677. 5.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AXT

Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its holdings in shares of AXT by 2.8% during the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after buying an additional 8,039 shares in the last quarter. Creative Planning purchased a new stake in AXT in the second quarter worth approximately $86,000. XTX Topco Ltd purchased a new stake in AXT in the second quarter worth approximately $42,000. Dimensional Fund Advisors LP bought a new position in AXT during the third quarter valued at approximately $145,000. Finally, Jefferies Financial Group Inc. bought a new position in AXT during the third quarter valued at approximately $52,000. 49.52% of the stock is currently owned by hedge funds and other 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.