AXT (NASDAQ:AXTI) Trading Up 8.8% – Here’s Why

AXT Inc (NASDAQ:AXTI) was up 8.8% during mid-day trading on Tuesday . The stock traded as high as $66.65 and last traded at $67.05. Approximately 3,968,627 shares were traded during trading, a decline of 61% from the average session volume of 10,288,933 shares. The stock had previously closed at $61.64.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. UBS Group set a $90.00 price target on AXT in a report on Friday, July 31st. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, July 31st. Finally, Northland Securities set a $125.00 target price on AXT in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.00.

AXT Stock Down 0.9%

The stock has a fifty day moving average price of $62.47 and a two-hundred day moving average price of $71.58. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 3,445.50 and a beta of 1.92.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate 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 net margin of 3.23% and a return on equity of 0.96%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Analysts predict that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Insider Transactions at AXT

In related news, Director Leonard Leblanc sold 4,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the transaction, the director owned 113,129 shares in the company, valued at approximately $10,868,303.03. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David 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 value of $926,379.61. Following the completion of the transaction, the director directly owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 33,505 shares of company stock valued at $3,443,551. 5.97% of the stock is owned by corporate insiders.

Institutional Trading of AXT

A number of institutional investors and hedge funds have recently made changes to their positions in AXTI. American Capital Advisory LLC acquired a new position in AXT during the first quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of AXT during the first quarter worth $31,000. XTX Topco Ltd bought a new position in AXT during the 2nd quarter worth $42,000. Jefferies Financial Group Inc. acquired a new stake in shares of AXT in the third quarter valued at about $52,000. Finally, Global Retirement Partners LLC acquired a new stake in AXT during the 2nd quarter valued at approximately $55,000. Institutional investors 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.