AXT (NASDAQ:AXTI) Trading Up 8.8% – Still a Buy?

AXT Inc (NASDAQ:AXTI)’s stock price traded 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 mid-day trading, a decline of 61% from the average session volume of 10,288,933 shares. The stock had previously closed at $61.64.

Analyst Ratings Changes

AXTI has been the subject of a number of research analyst reports. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. B. Riley Financial dropped their price target on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Friday, July 31st. Northland Securities set a $125.00 price objective on AXT in a report on Wednesday, June 3rd. Finally, UBS Group set a $90.00 price objective on shares of AXT in a research note on Friday, July 31st. One equities 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 given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.00.

AXT Stock Performance

The business has a 50 day moving average of $62.44 and a two-hundred day moving average of $70.94. The stock has a market capitalization of $4.50 billion, a PE ratio of 3,426.40 and a beta of 1.92.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.12. The company had revenue of $47.59 million for the quarter, compared to analyst estimates 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. On average, equities analysts expect that AXT Inc will post 0.8 EPS for the current fiscal year.

Insider Transactions at AXT

In other news, Director Leonard Leblanc sold 4,000 shares of AXT stock in a transaction that occurred on Monday, August 17th. The shares were 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 of the company’s stock, valued at $10,868,303.03. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing 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 that occurred on Monday, June 15th. The stock was sold at an average price of $111.17, for a total transaction of $926,379.61. Following the transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,005 shares of company stock valued at $4,268,916 in the last 90 days. Insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

Hedge funds and other institutional investors have recently made changes to their positions in the business. American Capital Advisory LLC acquired a new stake in shares of AXT in the 1st quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in AXT in the first quarter valued at about $31,000. Global Retirement Partners LLC acquired a new stake in AXT in the second quarter worth about $55,000. Leonteq Securities AG purchased a new stake in shares of AXT during the first quarter worth about $57,000. Finally, Tema ETFs LLC purchased a new stake in shares of AXT during the second quarter worth about $105,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

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.