AXT (NASDAQ:AXTI) Shares Down 9.7% – What’s Next?

AXT Inc (NASDAQ:AXTI) traded down 9.7% on Thursday . The company traded as low as $47.79 and last traded at $48.2140. 1,067,232 shares were traded during trading, a decline of 89% from the average daily volume of 10,155,839 shares. The stock had previously closed at $53.42.

Analyst Ratings Changes

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

AXT Trading Down 12.7%

The stock has a market capitalization of $3.05 billion, a P/E ratio of -150.90 and a beta of 1.86. The firm’s fifty day moving average is $92.52 and its 200-day moving average is $59.49.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The firm had revenue of $26.92 million for the quarter, compared to analysts’ expectations 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. Equities research analysts expect that AXT Inc will post 0.19 EPS for the current year.

Insider Transactions at AXT

In other AXT news, CEO Morris S. Young sold 123,601 shares of AXT stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the completion of the transaction, the chief executive officer owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction on 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. This represents a 18.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 251,636 shares of company stock valued at $27,789,677 in the last three months. 5.97% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AXTI. Assenagon Asset Management S.A. grew its holdings in 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 acquiring an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of AXT in the fourth quarter worth about $22,738,000. Alyeska Investment Group L.P. acquired a new position in shares of AXT during the fourth quarter worth approximately $20,187,000. Jane Street Group LLC lifted its position in shares of AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after purchasing an additional 840,650 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of AXT by 112.0% during the first 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 during the last quarter. 49.52% of the stock is owned by 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.