AXT (NASDAQ:AXTI) Shares Down 10.2% – Here’s Why

AXT Inc (NASDAQ:AXTI) traded down 10.2% during mid-day trading on Monday . The stock traded as low as $112.22 and last traded at $111.2050. 2,229,910 shares were traded during trading, a decline of 79% from the average session volume of 10,457,342 shares. The stock had previously closed at $123.78.

Analysts Set New Price Targets

AXTI has been the topic of a number of recent research reports. UBS Group set a $35.00 price objective on AXT in a research report on Tuesday, February 17th. Weiss Ratings reissued a “sell (e+)” rating on shares of AXT in a research report on Wednesday. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Wedbush lifted their price objective on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, B. Riley Financial lifted their price target on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $22.80.

AXT Trading Down 14.1%

The firm has a market cap of $6.96 billion, a P/E ratio of -343.57 and a beta of 1.75. The firm has a 50-day simple moving average of $69.79 and a 200-day simple moving average of $36.21.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating 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 business had revenue of $26.92 million during the quarter, compared to analyst estimates 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 0.2 earnings per share for the current fiscal year.

Insider Transactions at AXT

In other AXT news, Director Jesse Chen sold 8,083 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $50.25, for a total value of $406,170.75. Following the completion of the sale, the director owned 109,526 shares of the company’s stock, valued at approximately $5,503,681.50. This trade represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Morris S. Young sold 37,905 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $51.13, for a total transaction of $1,938,082.65. Following the transaction, the chief executive officer owned 2,275,328 shares in the company, valued at $116,337,520.64. The trade was a 1.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 502,278 shares of company stock valued at $21,196,754 in the last quarter. 5.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AXT

Several hedge funds have recently made changes to their positions in AXTI. The Manufacturers Life Insurance Company purchased a new stake in AXT during the 1st quarter valued at about $333,000. Quantinno Capital Management LP acquired a new position in AXT in the 1st quarter worth approximately $296,000. SummitTX Capital L.P. raised its position in AXT by 46.7% during the 1st quarter. SummitTX Capital L.P. now owns 20,498 shares of the semiconductor company’s stock worth $1,168,000 after buying an additional 6,528 shares during the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in AXT during the 1st quarter worth approximately $202,000. Finally, Sei Investments Co. lifted its stake in AXT by 5.8% during the 1st quarter. Sei Investments Co. now owns 73,298 shares of the semiconductor company’s stock valued at $4,177,000 after acquiring an additional 4,021 shares during the period. 49.52% of the stock is owned by institutional investors and hedge funds.

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.