AXT (NASDAQ:AXTI) Stock Price Down 9.3% – Here’s Why

AXT Inc (NASDAQ:AXTI)’s share price fell 9.3% on Tuesday . The stock traded as low as $83.02 and last traded at $83.8340. 1,974,028 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 10,233,282 shares. The stock had previously closed at $92.44.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.80.

AXT Stock Down 13.2%

The stock’s fifty day moving average price is $97.46 and its 200 day moving average price is $53.62. The stock has a market cap of $5.25 billion, a PE ratio of -257.88 and a beta of 1.80.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $26.92 million during 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 5.71%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, equities research analysts expect that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at AXT

In other news, Director David C. Chang sold 8,333 shares of the company’s stock in a transaction 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 $7,244,393.05. This represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jesse Chen sold 6,172 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the completion of the sale, the director owned 50,275 shares of the company’s stock, valued at approximately $5,793,691. The trade was a 10.93% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 251,636 shares of company stock valued at $27,789,677. Insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

Several institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC increased its stake in AXT by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock worth $412,000 after acquiring an additional 8,039 shares during the last quarter. Creative Planning purchased a new position in shares of AXT in the second quarter valued at $86,000. XTX Topco Ltd bought a new stake in AXT in the second quarter worth $42,000. Dimensional Fund Advisors LP purchased a new stake in AXT during the third quarter valued at $145,000. Finally, Jefferies Financial Group Inc. bought a new position in AXT during the third quarter valued at $52,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

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.