AXT (NASDAQ:AXTI) Stock Price Down 6.6% – Here’s Why

Shares of AXT Inc (NASDAQ:AXTI) fell 6.6% during trading on Thursday . The company traded as low as $53.85 and last traded at $53.1840. 1,371,372 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 10,294,540 shares. The stock had previously closed at $56.95.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AXTI shares. Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, July 31st. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. UBS Group set a $90.00 price target on shares of AXT in a research report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.00.

AXT Stock Down 0.9%

The company has a market capitalization of $3.70 billion, a PE ratio of 2,822.45 and a beta of 1.92. The firm has a 50-day moving average of $63.06 and a two-hundred day moving average of $70.18.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. The business had revenue of $47.59 million during the quarter, compared to analysts’ expectations of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, equities research analysts expect that AXT Inc will post 0.8 EPS for the current year.

Insider Activity

In other news, Director Jesse Chen sold 6,172 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $115.24, for a total value of $711,261.28. Following the transaction, the director directly owned 50,275 shares in the company, valued at approximately $5,793,691. This represents a 10.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Leonard J. Leblanc sold 4,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $384,280.00. Following the transaction, the director directly owned 113,129 shares of the company’s stock, valued at $10,868,303.03. The trade was a 3.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 50,505 shares of company stock valued at $4,972,866. Company insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. American Capital Advisory LLC acquired a new stake in shares of AXT in the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in AXT during the 1st quarter worth about $31,000. XTX Topco Ltd purchased a new position in shares of AXT in the second quarter valued at approximately $42,000. Jefferies Financial Group Inc. purchased a new position in shares of AXT in the third quarter valued at approximately $52,000. Finally, Global Retirement Partners LLC acquired a new position in shares of AXT in the second quarter valued at approximately $55,000. 49.52% of the stock is currently 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.