AXT (NASDAQ:AXTI) Reaches New 12-Month High – Here’s Why

08 Jan 2026, 18:42 by Renee Jackson · The Cerbat Gem

AXT Inc (NASDAQ:AXTI – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $18.35 and last traded at $18.4660, with a volume of 3130282 shares changing hands. The stock had previously closed at $16.67.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. B. Riley increased their target price on AXT from $4.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Needham & Company LLC lifted their price objective on AXT from $5.00 to $10.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wedbush set a $7.00 target price on shares of AXT and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AXT in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $11.50.

View Our Latest Report on AXTI

AXT Stock Up 7.1%

The company has a market cap of $1.43 billion, a P/E ratio of -49.67 and a beta of 1.94. The business has a 50-day moving average price of $12.56 and a two-hundred day moving average price of $6.56.

AXT (NASDAQ:AXTI – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.08. AXT had a negative return on equity of 11.19% and a negative net margin of 25.22%.The firm had revenue of $27.96 million during the quarter, compared to analyst estimates of $19.85 million. As a group, sell-side analysts expect that AXT Inc will post -0.12 EPS for the current fiscal year.

Insider Activity at AXT

In other news, Director David C. Chang sold 100,000 shares of the firm’s stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $8.94, for a total value of $894,000.00. Following the transaction, the director directly owned 207,744 shares in the company, valued at $1,857,231.36. This trade represents a 32.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leonard J. Leblanc sold 3,637 shares of AXT stock in a transaction on Friday, November 7th. The stock was sold at an average price of $8.41, for a total value of $30,587.17. Following the sale, the director directly owned 118,875 shares of the company’s stock, valued at approximately $999,738.75. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 326,767 shares of company stock worth $3,329,808 over the last ninety days. Company insiders own 8.80% of the company’s stock.

Hedge Funds Weigh In On AXT

Several hedge funds have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its stake in AXT by 12.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 22,952 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 2,540 shares in the last quarter. Algert Global LLC lifted its position in shares of AXT by 31.9% in the third quarter. Algert Global LLC now owns 28,800 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 6,970 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in AXT by 2.8% during the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock worth $412,000 after purchasing an additional 8,039 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in AXT in the third quarter valued at $52,000. Finally, Atlas Brown Inc. grew its position in AXT by 100.0% in the second quarter. Atlas Brown Inc. now owns 39,150 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 19,575 shares in the last quarter. Institutional investors and hedge funds 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.