AXT (NASDAQ:AXTI) Shares Gap Up – Should You Buy?

AXT Inc (NASDAQ:AXTI)’s stock price gapped up prior to trading 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 trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on AXTI shares. Northland Securities set a $125.00 price target on shares of AXT in a report on Wednesday, June 3rd. Weiss Ratings raised 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 issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.80.

AXT Stock Up 15.4%

The company has a market cap of $4.27 billion, a price-to-earnings ratio of -214.23 and a beta of 1.86. The business has a fifty day simple moving average of $96.32 and a 200 day simple moving average of $57.04.

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, topping 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 analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities analysts anticipate that AXT Inc will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at AXT

In other news, CEO Morris S. Young sold 123,601 shares of AXT stock in a transaction that occurred 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 in the company, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $95.77, for a total value of $1,245,010.00. Following the sale, the director directly owned 56,447 shares in the company, valued at $5,405,929.19. This trade represents a 18.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 251,636 shares of company stock valued at $27,789,677. Corporate insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

Several large investors have recently bought and sold shares of AXTI. Acadian Asset Management LLC raised its stake 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 worth $412,000 after buying an additional 8,039 shares during the last quarter. Creative Planning acquired a new position in AXT during the second quarter worth about $86,000. XTX Topco Ltd acquired a new position in AXT during the second quarter worth about $42,000. Dimensional Fund Advisors LP purchased a new stake in shares of AXT in the third quarter valued at about $145,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of AXT in the third quarter valued at about $52,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

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.