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

AXT Inc (NASDAQ:AXTI) shares gapped up before the market opened on Tuesday . The stock had previously closed at $65.40, but opened at $68.20. AXT shares last traded at $69.1650, with a volume of 1,885,071 shares.

Wall Street Analysts Forecast Growth

AXTI has been the subject of several research reports. Zacks Research upgraded AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. B. Riley Financial cut their price target on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Friday, July 31st. Northland Securities set a $125.00 target price on shares of AXT in a report on Wednesday, June 3rd. Finally, Weiss Ratings raised shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.00.

AXT Trading Up 5.8%

The firm has a market cap of $4.54 billion, a P/E ratio of 3,463.50 and a beta of 1.90. The firm has a 50-day simple moving average of $66.32 and a 200-day simple moving average of $68.32.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The business had revenue of $47.59 million for the quarter, compared to the consensus estimate of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Research analysts predict that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director David C. Chang sold 8,333 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the sale, the director directly owned 65,165 shares in the company, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leonard J. Leblanc sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $384,280.00. Following the transaction, the director owned 113,129 shares of the company’s stock, valued at approximately $10,868,303.03. This trade represents a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 258,136 shares of company stock worth $28,395,372 over the last ninety days. 5.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AXT

Institutional investors and hedge funds have recently bought and sold shares of the company. American Capital Advisory LLC acquired a new position in shares of AXT during the first quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of AXT during the 1st quarter valued at $31,000. Global Retirement Partners LLC acquired a new stake in shares of AXT in the 2nd quarter worth $55,000. Leonteq Securities AG purchased a new position in AXT during the 1st quarter worth $57,000. Finally, Tema ETFs LLC purchased a new position in AXT during the 2nd quarter worth $105,000. 49.52% of the stock is 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.