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

AXT Inc (NASDAQ:AXTI) fell 9.7% on Wednesday . The company traded as low as $66.02 and last traded at $65.0770. Approximately 1,304,892 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 10,259,696 shares. The stock had previously closed at $72.08.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, AXT has an average rating of “Hold” and a consensus price target of $43.80.

AXT Stock Performance

The company’s 50-day simple moving average is $96.92 and its 200 day simple moving average is $56.74. The company has a market cap of $3.70 billion, a PE ratio of -182.64 and a beta of 1.86.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $26.92 million for the quarter, compared to analyst estimates 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. Analysts forecast that AXT Inc will post 0.19 EPS for the current year.

Insiders Place Their Bets

In other AXT news, CEO Morris S. Young sold 123,601 shares of the stock in a transaction dated 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 $243,606,574.89. This trade represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jesse Chen sold 6,172 shares of AXT stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $115.24, for a total value of $711,261.28. Following the completion of the transaction, the director owned 50,275 shares of the company’s stock, valued at $5,793,691. The trade was a 10.93% 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 worth $27,789,677 in the last quarter. 5.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AXTI. Assenagon Asset Management S.A. increased its position in shares of AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after purchasing an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of AXT during the 4th quarter worth $22,738,000. Alyeska Investment Group L.P. purchased a new stake in shares of AXT during the 4th quarter worth $20,187,000. Jane Street Group LLC lifted 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 purchasing an additional 840,650 shares during 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 worth $44,234,000 after purchasing an additional 410,181 shares in the last quarter. Hedge funds and other institutional investors 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.