AXT Inc (NASDAQ:AXTI – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $134.00 and last traded at $117.2380, with a volume of 1923015 shares. The stock had previously closed at $122.90.
Analysts Set New Price Targets
AXTI has been the subject of several analyst reports. Wedbush increased their price objective on AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Wall Street Zen upgraded shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. B. Riley Financial raised their price target on shares of AXT to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Needham & Company LLC downgraded shares of AXT from a “buy” rating to a “hold” rating in a report on Tuesday, January 20th. Finally, UBS Group set a $35.00 price target on shares of AXT in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, AXT presently has an average rating of “Hold” and an average price target of $22.80.
View Our Latest Research Report on AXT
AXT Trading Up 1.5%
AXT (NASDAQ:AXTI – Get Free Report) last posted its earnings results 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 firm had revenue of $26.92 million for the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities research analysts anticipate that AXT Inc will post 0.2 EPS for the current year.
Insider Buying and Selling
In other AXT news, Director Jesse Chen sold 8,083 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $50.25, for a total value of $406,170.75. Following the completion of the transaction, the director owned 109,526 shares in the company, valued at approximately $5,503,681.50. This represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David C. Chang sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $46.00, for a total value of $920,000.00. Following the transaction, the director owned 72,744 shares in the company, valued at $3,346,224. This represents a 21.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 502,278 shares of company stock valued at $21,196,754. Corporate insiders own 5.97% of the company’s stock.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in AXTI. Assenagon Asset Management S.A. grew its stake in AXT by 161.9% in 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 acquiring an additional 930,526 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new position in AXT during the fourth quarter worth $22,738,000. Alyeska Investment Group L.P. purchased a new position in AXT during the fourth quarter valued at $20,187,000. Jane Street Group LLC grew its position in shares of 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 purchasing an additional 840,650 shares during the period. Finally, Ariose Capital Management Ltd acquired a new stake in shares of AXT in the first quarter valued at about $39,061,000. 49.52% of the stock is 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.
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