AXT Inc (NASDAQ:AXTI – Get Free Report)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $50.46, but opened at $54.82. AXT shares last traded at $56.0690, with a volume of 1,976,745 shares.
Analyst Ratings Changes
A number of equities analysts have issued reports on AXTI shares. Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.80.
AXT Stock Down 7.2%
AXT (NASDAQ:AXTI – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. 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. On average, sell-side analysts predict that AXT Inc will post 0.19 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the sale, the director directly owned 56,447 shares of the company’s stock, valued at $5,405,929.19. The trade was a 18.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David C. Chang sold 8,333 shares of the company’s stock in a transaction on 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 directly owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 251,636 shares of company stock worth $27,789,677 in the last three months. 5.97% of the stock is currently owned by insiders.
Institutional Trading of AXT
A number of hedge funds have recently bought and sold shares of the company. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of AXT in the fourth quarter worth approximately $22,738,000. Alyeska Investment Group L.P. acquired a new stake in shares of AXT during the fourth quarter valued at approximately $20,187,000. Assenagon Asset Management S.A. lifted its position in shares of 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 in the last quarter. Jane Street Group LLC lifted its position in shares of AXT by 1,314.6% in the 4th 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 in the last quarter. Finally, Ariose Capital Management Ltd acquired a new position in AXT in the 1st quarter worth approximately $39,061,000. 49.52% of the stock is owned by hedge funds and other institutional investors.
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.
Featured Articles
- Five stocks we like better than AXT
- Why Johnson & Johnson’s Earnings Dip Looks Like a Buying Opportunity
- CPI Comes In Cool: Why It Could Revive These 3 Rate-Sensitive Stocks
- Why ASML’s AI Monopoly Is Still Getting Stronger
- Apple’s AI Toll Booth Thesis Faces Its Biggest Test Yet Before Earnings
Receive News & Ratings for AXT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AXT and related companies with MarketBeat.com's FREE daily email newsletter.
