AXT (NASDAQ:AXTI) Hits New 12-Month High – Here’s Why

AXT Inc (NASDAQ:AXTI)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $134.00 and last traded at $117.2380, with a volume of 1923015 shares trading hands. The stock had previously closed at $122.90.

Analysts Set New Price Targets

A number of research firms have issued reports on AXTI. B. Riley Financial lifted their price objective on AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Wedbush raised their target price on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Needham & Company LLC cut shares of AXT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, UBS Group set a $35.00 price target on shares of AXT in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $22.80.

AXT Price Performance

The stock has a market cap of $8.16 billion, a PE ratio of -402.62 and a beta of 1.75. The business has a fifty day moving average of $65.12 and a 200-day moving average of $33.79.

AXT (NASDAQ:AXTI) last released its quarterly earnings data 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 return on equity of 6.11% and a negative net margin of 14.69%.The company had revenue of $26.92 million for the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, equities research analysts predict that AXT Inc will post 0.2 EPS for the current year.

Insider Activity at AXT

In related news, CEO Morris S. Young sold 37,905 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $51.13, for a total value of $1,938,082.65. Following the completion of the sale, the chief executive officer directly owned 2,275,328 shares of the company’s stock, valued at $116,337,520.64. This represents a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Chang sold 20,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $46.00, for a total transaction of $920,000.00. Following the completion of the sale, the director owned 72,744 shares of the company’s stock, valued at approximately $3,346,224. This represents a 21.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 502,278 shares of company stock worth $21,196,754 over the last three months. 5.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AXTI. American Capital Advisory LLC purchased a new stake in shares of AXT during the 1st quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in AXT in the first quarter valued at about $31,000. Leonteq Securities AG bought a new position in AXT in the first quarter worth about $57,000. KBC Group NV bought a new position in AXT in the first quarter worth about $88,000. Finally, SG Americas Securities LLC purchased a new stake in shares of AXT during the first quarter valued at about $108,000. 49.52% of the stock is owned by 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.