AXT (NASDAQ:AXTI) Stock Price Up 11.5% – Here’s What Happened

AXT Inc (NASDAQ:AXTI)’s share price rose 11.5% during trading on Wednesday . The stock traded as high as $90.18 and last traded at $87.3370. Approximately 2,370,184 shares changed hands during trading, a decline of 77% from the average daily volume of 10,216,930 shares. The stock had previously closed at $78.36.

Wall Street Analysts Forecast Growth

AXTI has been the topic of several research reports. UBS Group set a $35.00 price target on AXT in a research note on Tuesday, February 17th. Wedbush lifted their price objective on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. B. Riley Financial lifted their price objective on shares of AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, AXT has an average rating of “Hold” and an average price target of $43.80.

AXT Stock Up 11.2%

The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of -281.14 and a beta of 1.80. The company’s 50 day simple moving average is $90.22 and its two-hundred day simple moving average is $48.43.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $26.92 million during 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. Analysts anticipate that AXT Inc will post 0.2 EPS for the current year.

Insider Buying and Selling at AXT

In other news, Director Jesse Chen sold 6,133 shares of AXT stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $108.28, for a total transaction of $664,081.24. Following the completion of the sale, the director directly owned 94,193 shares in the company, valued at approximately $10,199,218.04. The trade was a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Morris S. Young sold 123,601 shares of AXT stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the sale, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 259,622 shares of company stock valued at $26,060,607 over the last quarter. Insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Kestra Advisory Services LLC lifted its stake in shares of AXT by 6.8% during the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock worth $365,000 after buying an additional 408 shares during the period. American Capital Advisory LLC acquired a new position in AXT during the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in AXT during the first quarter valued at $31,000. Leonteq Securities AG acquired a new position in AXT during the first quarter valued at $57,000. Finally, KBC Group NV acquired a new position in AXT during the first quarter valued at $88,000. 49.52% of the stock is currently 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.