AXT (NASDAQ:AXTI) Shares Up 9% – What’s Next?

AXT Inc (NASDAQ:AXTI) rose 9% during trading on Monday . The company traded as high as $50.66 and last traded at $49.9750. Approximately 1,956,352 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 10,143,467 shares. The stock had previously closed at $45.86.

Wall Street Analyst Weigh In

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

AXT Trading Up 15.7%

The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of -182.28 and a beta of 1.86. The firm’s 50 day simple moving average is $86.98 and its 200-day simple moving average is $60.44.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping the consensus estimate 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 company had revenue of $26.92 million during the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, sell-side analysts forecast that AXT Inc will post 0.19 EPS for the current fiscal year.

Insider Activity at AXT

In other AXT news, Director Jesse Chen sold 6,172 shares of AXT stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the sale, the director owned 50,275 shares of the company’s stock, valued at approximately $5,793,691. The trade was a 10.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction that occurred 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 transaction, the director owned 65,165 shares in the company, valued at $7,244,393.05. The trade was a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 251,636 shares of company stock worth $27,789,677 over the last 90 days. Company insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AXTI. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of AXT during the 4th quarter worth $22,738,000. Maytree Asset Management Ltd acquired a new position in shares of AXT during the 4th quarter worth $11,156,000. Allworth Financial LP increased its holdings in shares of AXT by 3,764.7% in the 4th quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 11,294 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of AXT in the 4th quarter valued at about $1,014,000. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in shares of AXT in the fourth quarter valued at about $1,956,000. Institutional investors and hedge funds 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.