AXT (NASDAQ:AXTI) Shares Gap Down – Here’s Why

AXT Inc (NASDAQ:AXTI) shares gapped down before the market opened on Monday . The stock had previously closed at $70.15, but opened at $67.16. AXT shares last traded at $66.2990, with a volume of 897,968 shares changing hands.

Wall Street Analysts Forecast Growth

AXTI has been the topic of several analyst reports. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. Two equities research 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. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $43.80.

AXT Stock Performance

The company has a market cap of $4.51 billion, a price-to-earnings ratio of -222.14 and a beta of 1.80. The company has a 50-day simple moving average of $97.98 and a 200-day simple moving average of $55.31.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, equities research analysts forecast that AXT Inc will post 0.19 EPS for the current year.

Insider Buying and Selling

In other news, CEO Morris S. Young sold 123,601 shares of the business’s 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 sale, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Chang sold 8,333 shares of the company’s 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 owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 251,636 shares of company stock valued at $27,789,677 over the last quarter. Corporate insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

Hedge funds and other institutional investors have recently bought and sold shares of the business. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of AXT during the 4th quarter valued at about $22,738,000. Alyeska Investment Group L.P. bought a new stake in shares of AXT in the 4th quarter worth approximately $20,187,000. Assenagon Asset Management S.A. boosted its stake 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 acquiring an additional 930,526 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of AXT by 1,314.6% in the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after acquiring an additional 840,650 shares during the last quarter. Finally, Ariose Capital Management Ltd acquired a new stake in shares of AXT during the first quarter worth $39,061,000. 49.52% of the stock is currently 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.