AXT (NASDAQ:AXTI) Shares Down 10.7% – Time to Sell?

AXT Inc (NASDAQ:AXTI)’s stock price was down 10.7% on Thursday. The stock traded as low as $53.47 and last traded at $52.9140. Approximately 2,943,116 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 10,089,572 shares. The stock had previously closed at $59.28.

Wall Street Analysts Forecast Growth

AXTI has been the subject of several recent research reports. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Friday, July 31st. B. Riley Financial cut their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. UBS Group set a $90.00 price target on shares of AXT in a research note on Friday, July 31st. Finally, Zacks Research lowered shares of AXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. Three equities research 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $77.00.

AXT Price Performance

The stock has a fifty day moving average of $68.09 and a 200 day moving average of $76.15. The firm has a market capitalization of $3.41 billion, a P/E ratio of 2,604.00 and a beta of 1.86.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. AXT had a return on equity of 0.96% and a net margin of 3.23%. The firm had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Equities analysts forecast that AXT Inc will post 0.80 EPS for the current fiscal year.

Insider Transactions at AXT

In related news, Director Leonard Leblanc sold 4,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the completion of the sale, the director owned 113,129 shares in the company, valued at approximately $10,868,303.03. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dupree Financial Group LLC grew its stake in shares of AXT by 2.9% during the 3rd quarter. Dupree Financial Group LLC now owns 14,349 shares of the semiconductor company’s stock worth $1,111,000 after acquiring an additional 400 shares during the period. Kestra Advisory Services LLC increased its holdings in AXT by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock worth $365,000 after acquiring an additional 408 shares during the last quarter. American Capital Advisory LLC purchased a new stake in AXT in the 1st quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in AXT in the 1st quarter valued at about $31,000. Finally, Reyes Financial Architecture Inc. bought a new stake in AXT in the 3rd quarter valued at about $42,000. 49.52% of the stock is owned by institutional investors.

AXT Company Profile

AXT, Inc develops and manufactures compound semiconductor substrates used as the foundation for various high-performance electronic and optoelectronic devices. Its principal products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with other specialty materials such as gallium antimonide and indium arsenide.

The company’s substrates are used in applications including wireless communications, fiber-optic and data-center networks, lasers, light-emitting diodes, solar cells, consumer electronics, and aerospace and defense systems.