AXT (NASDAQ:AXTI) Reaches New 52-Week High – Should You Buy?

AXT Inc (NASDAQ:AXTI)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $135.42 and last traded at $135.8220, with a volume of 6475553 shares. The stock had previously closed at $121.02.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. B. Riley Financial increased their price objective on AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Wedbush increased their price objective on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Wall Street Zen raised AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. UBS Group set a $35.00 price objective on AXT in a research note on Tuesday, February 17th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of AXT in a research note on Wednesday, May 13th. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.80.

AXT Trading Up 12.2%

The firm has a 50-day simple moving average of $75.60 and a two-hundred day simple moving average of $39.14. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of -438.12 and a beta of 1.75.

AXT (NASDAQ:AXTI) last issued its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The company 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 forecast that AXT Inc will post 0.2 earnings per share for the current year.

Insiders Place Their Bets

In other AXT news, Director David C. Chang sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was 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 of the company’s stock, valued at $4,344,026.32. This represents a 15.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Morris S. Young sold 159,536 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $43.32, for a total value of $6,911,099.52. Following the completion of the transaction, the chief executive officer directly owned 2,482,038 shares in the company, valued at approximately $107,521,886.16. The trade was a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 502,278 shares of company stock valued at $21,196,754 in the last three months. Insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AXTI. Kestra Advisory Services LLC increased its holdings in shares of AXT by 6.8% during the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after acquiring an additional 408 shares during the last quarter. American Capital Advisory LLC acquired a new position in shares of AXT during the 1st quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of AXT during the 1st quarter valued at about $31,000. Leonteq Securities AG acquired a new position in shares of AXT during the 1st quarter valued at about $57,000. Finally, KBC Group NV acquired a new position in shares of AXT during the 1st quarter valued at about $88,000. 49.52% of the stock is 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.