AXT (NASDAQ:AXTI) Shares Gap Up – Here’s Why

Shares of AXT Inc (NASDAQ:AXTI) 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

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

AXT Price Performance

The company has a market cap of $3.80 billion, a PE ratio of -187.57 and a beta of 1.86. The company’s 50 day simple moving average is $95.72 and its two-hundred day simple moving average is $57.71.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $26.92 million for 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. Sell-side analysts expect that AXT Inc will post 0.19 EPS for the current fiscal year.

Insider Activity at AXT

In related news, Director Jesse Chen sold 6,172 shares of AXT 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 owned 50,275 shares in the company, valued at approximately $5,793,691. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction of $926,379.61. Following the completion of the transaction, the director directly owned 65,165 shares of the company’s stock, 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 have sold a total of 251,636 shares of company stock valued at $27,789,677 over the last quarter. Insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

A number of institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its holdings 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 last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in AXT during the fourth quarter worth about $22,738,000. Alyeska Investment Group L.P. bought a new stake in AXT in the fourth quarter worth about $20,187,000. Jane Street Group LLC raised its position in AXT by 1,314.6% in the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after acquiring an additional 840,650 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in AXT by 112.0% in 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 during the last quarter. 49.52% of the stock is owned by institutional investors and hedge funds.

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.