AXT (NASDAQ:AXTI) Hits New 12-Month High - What's Next?

Key Points

• Shares of AXT hit a new 52-week high, trading intraday as high as $110.80 (last $104.83) on heavy volume, well above its 50-day ($58.67) and 200-day ($30.60) moving averages.
• Analysts have a consensus rating of Hold with a consensus price target of $22.80, despite some recent upward revisions (e.g., UBS $35, Wedbush $28), underscoring a large disconnect between street targets and the current market price.
• AXT slightly beat Q1 estimates (EPS -$0.01 vs -$0.04; revenue $26.92M vs $26.22M) and guided Q2 to $0.06–$0.08 EPS, but the company remains unprofitable on margins/ROE and insiders sold about 502,278 shares (~$21.2M) in the last 90 days.

Shares of AXT Inc (NASDAQ:AXTI - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $110.80 and last traded at $104.83, with a volume of 15105365 shares. The stock had previously closed at $107.55.

Analysts Set New Price Targets

AXTI has been the subject of a number of research analyst reports. Wedbush increased their target price on shares of AXT from $8.50 to $28.00 and gave the stock an "outperform" rating in a research report on Friday, February 20th. Wall Street Zen upgraded shares of AXT from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. Needham & Company LLC downgraded shares of AXT from a "buy" rating to a "hold" rating in a report on Tuesday, January 20th. B. Riley Financial raised their price target on shares of AXT to $21.00 and gave the company a "neutral" rating in a report on Friday, February 20th. Finally, UBS Group set a $35.00 price target on shares of AXT in a report on Tuesday, February 17th. Two 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $22.80.

AXT Trading Down 2.5%

The firm has a market cap of $6.86 billion, a P/E ratio of -338.15 and a beta of 1.75. The business's fifty day moving average price is $58.67 and its two-hundred day moving average price is $30.60.

AXT (NASDAQ:AXTI - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.03. The business had revenue of $26.92 million for the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative net margin of 14.69% and a negative return on equity of 6.11%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Research analysts predict that AXT Inc will post -0.01 EPS for the current fiscal year.

Insider Activity

In related news, Director David C. Chang sold 20,000 shares of the firm's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $38.53, for a total value of $770,600.00. Following the transaction, the director directly owned 112,744 shares in the company, valued at approximately $4,344,026.32. This trade represents a 15.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jesse Chen sold 15,000 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $47.13, for a total transaction of $706,950.00. Following the completion of the transaction, the director owned 123,612 shares in the company, valued at $5,825,833.56. The trade was a 10.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 502,278 shares of company stock worth $21,196,754. 5.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC grew its stake in AXT by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company's stock valued at $365,000 after buying an additional 408 shares during the last quarter. American Capital Advisory LLC acquired a new position in AXT in the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in AXT in the 1st quarter valued at $31,000. Leonteq Securities AG acquired a new position in AXT in the 1st quarter valued at $57,000. Finally, SG Americas Securities LLC acquired a new position in AXT in the 1st quarter valued at $108,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

AXT Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.