AXT (NASDAQ:AXTI) Shares Gap Down – Time to Sell?

AXT Inc (NASDAQ:AXTI)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $57.57, but opened at $55.77. AXT shares last traded at $56.9240, with a volume of 877,485 shares traded.

Analyst Ratings Changes

Several research analysts recently weighed in on AXTI shares. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Northland Securities set a $125.00 price objective on AXT in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.80.

AXT Trading Down 14.7%

The business’s 50-day simple moving average is $91.26 and its 200-day simple moving average is $59.71. The company has a market cap of $2.98 billion, a PE ratio of -147.00 and a beta of 1.86.

AXT (NASDAQ:AXTI) last posted 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 for the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, research analysts predict that AXT Inc will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling at AXT

In other AXT news, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the transaction, the director owned 65,165 shares in the company, valued at $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jesse Chen sold 13,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $95.77, for a total value of $1,245,010.00. Following the completion of the transaction, the director directly owned 56,447 shares in the company, valued at approximately $5,405,929.19. The trade was a 18.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 251,636 shares of company stock worth $27,789,677 over the last 90 days. 5.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AXT

A number of hedge funds have recently added to or reduced their stakes in AXTI. Assenagon Asset Management S.A. lifted its stake in AXT by 161.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after acquiring an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of AXT during the 4th quarter worth $22,738,000. Alyeska Investment Group L.P. acquired a new position in shares of AXT during the 4th quarter worth $20,187,000. Jane Street Group LLC raised its holdings in shares of AXT by 1,314.6% during the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after purchasing an additional 840,650 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of AXT by 112.0% during the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after purchasing an additional 410,181 shares in the last quarter. Institutional investors and hedge funds own 49.52% of the company’s stock.

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.