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

Posted by Geri Gentry on Jun 10th, 2026

AXT Inc (NASDAQ:AXTI – Get Free Report) was up 11.5% during mid-day trading on Wednesday . The company traded as high as $90.18 and last traded at $87.3370. Approximately 2,370,184 shares were traded 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

A number of research analysts recently issued reports on AXTI shares. B. Riley Financial boosted their target price on shares of AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Wedbush boosted their target price on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Northland Securities set a $125.00 price objective on shares of AXT in a report on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.80.

Get Our Latest Report on AXT

AXT Price Performance

The business’s fifty day simple moving average is $90.22 and its two-hundred day simple moving average is $48.43. The company has a market cap of $5.70 billion, a PE ratio of -281.14 and a beta of 1.80.

AXT (NASDAQ:AXTI – Get Free Report) last released its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $26.92 million during the quarter, compared to analysts’ expectations 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. As a group, analysts predict that AXT Inc will post 0.2 EPS for the current year.

Insider Transactions at AXT

In other news, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jesse Chen sold 6,133 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $108.28, for a total transaction of $664,081.24. Following the sale, the director directly owned 94,193 shares of the company’s stock, valued at $10,199,218.04. This represents a 6.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 259,622 shares of company stock valued at $26,060,607 in the last three months. Corporate insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

Several large investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of AXT by 161.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after purchasing an additional 930,526 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of AXT during the fourth quarter worth approximately $22,738,000. Alyeska Investment Group L.P. purchased a new stake in shares of AXT during the fourth quarter worth approximately $20,187,000. Jane Street Group LLC increased its position in shares of AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after purchasing an additional 840,650 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of AXT by 112.0% during the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after purchasing an additional 410,181 shares in the last quarter. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

AXT Company Profile

(Get Free Report)

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.