AXT Inc (NASDAQ:AXTI – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $60.43, but opened at $56.89. AXT shares last traded at $64.0240, with a volume of 2,915,987 shares.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. UBS Group set a $90.00 price objective on shares of AXT in a report on Friday. Needham & Company LLC upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Friday, July 31st. B. Riley Financial lowered their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Finally, Northland Securities set a $125.00 target price on AXT in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, AXT has an average rating of “Hold” and a consensus price target of $77.00.
Check Out Our Latest Analysis on AXTI
AXT Stock Down 5.0%
AXT (NASDAQ:AXTI – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $47.59 million during the quarter, compared to analyst estimates of $34.08 million. AXT had a net margin of 3.23% and a return on equity of 1.55%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Analysts anticipate that AXT Inc will post 0.19 EPS for the current fiscal year.
Insider Buying and Selling
In other AXT news, CEO Morris S. Young sold 123,601 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the transaction, the chief executive officer directly owned 2,149,533 shares in the company, valued at $243,606,574.89. This represents a 5.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David C. Chang sold 8,333 shares of AXT 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 sale, 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. The SEC filing for this sale provides additional information. Insiders sold a total of 251,636 shares of company stock worth $27,789,677 over the last ninety days. 5.97% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On AXT
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its position in shares of AXT by 161.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after buying an additional 930,526 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new position in AXT in the fourth quarter worth $22,738,000. Alyeska Investment Group L.P. bought a new position in AXT in the fourth quarter valued at $20,187,000. Jane Street Group LLC increased its stake in AXT by 1,314.6% in the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after acquiring an additional 840,650 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in 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 during the last quarter. Hedge funds and other 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.
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