AXT (NASDAQ:AXTI) Shares Gap Up – Here’s What Happened

Posted by Geri Gentry on Jul 23rd, 2026

AXT Inc (NASDAQ:AXTI – Get Free Report)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $48.83, but opened at $52.34. AXT shares last traded at $51.97, with a volume of 1,514,294 shares trading hands.

Analysts Set New Price Targets

Several 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. Northland Securities set a $125.00 target price on shares of AXT in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.80.

Get Our Latest Research Report on AXTI

AXT Trading Down 6.2%

The business’s fifty day moving average price is $85.60 and its two-hundred day moving average price is $60.70. The firm has a market cap of $3.47 billion, a P/E ratio of -170.90 and a beta of 1.86.

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 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 the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Research analysts predict that AXT Inc will post 0.19 EPS for the current fiscal year.

Insider Transactions at AXT

In related news, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the sale, the director directly owned 65,165 shares in the company, valued at approximately $7,244,393.05. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 251,636 shares of company stock worth $27,789,677. 5.97% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AXT

A number of institutional investors have recently modified their holdings of AXTI. Assenagon Asset Management S.A. boosted its holdings 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 worth $85,775,000 after buying an additional 930,526 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new position in AXT in the 4th quarter worth $22,738,000. Alyeska Investment Group L.P. bought a new position in AXT in the 4th quarter worth $20,187,000. Jane Street Group LLC lifted its position in AXT by 1,314.6% during the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after acquiring an additional 840,650 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in AXT by 112.0% during the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after acquiring an additional 410,181 shares during the last quarter. Institutional investors own 49.52% of the company’s stock.

About AXT

(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.