AXT (NASDAQ:AXTI) Shares Down 9.3% – Time to Sell?

AXT Inc (NASDAQ:AXTI)’s share price fell 9.3% on Monday . The company traded as low as $81.83 and last traded at $80.3420. Approximately 4,610,968 shares traded hands during trading, a decline of 56% from the average daily volume of 10,384,091 shares. The stock had previously closed at $88.58.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AXTI shares. B. Riley Financial decreased their price objective on shares of AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a report on Friday, July 31st. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. UBS Group set a $90.00 target price on AXT in a report on Friday, July 31st. Finally, Northland Securities set a $125.00 target price on AXT in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $77.00.

AXT Stock Performance

The stock has a market cap of $4.83 billion, a P/E ratio of 3,689.00 and a beta of 1.90. The firm has a 50 day moving average of $69.40 and a two-hundred day moving average of $64.54.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. AXT had a return on equity of 1.55% and a net margin of 3.23%.The company had revenue of $47.59 million for the quarter, compared to the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, sell-side analysts anticipate that AXT Inc will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling

In other AXT news, Director David C. Chang sold 8,333 shares of the stock in a transaction on Monday, June 15th. The shares were 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 of the company’s stock, valued at $7,244,393.05. This represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the completion of the sale, the chief executive officer owned 2,149,533 shares in the company, valued at $243,606,574.89. This represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On AXT

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in AXT in the second quarter valued at about $365,607,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in AXT during the fourth quarter worth about $22,738,000. Alyeska Investment Group L.P. bought a new position in AXT during the fourth quarter worth about $20,187,000. Assenagon Asset Management S.A. grew its position in shares of AXT by 161.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after buying an additional 930,526 shares during the period. Finally, Jane Street Group LLC grew its position 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 worth $14,790,000 after buying an additional 840,650 shares during the period. 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.