AXT (NASDAQ:AXTI) Shares Down 7.8% – Here’s Why

AXT Inc (NASDAQ:AXTI) shares fell 7.8% during mid-day trading on Friday . The company traded as low as $48.78 and last traded at $48.79. Approximately 805,887 shares were traded during trading, a decline of 92% from the average session volume of 10,029,648 shares. The stock had previously closed at $52.93.

Analyst Upgrades and Downgrades

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

AXT Trading Down 10.8%

The stock has a market capitalization of $3.09 billion, a P/E ratio of -152.35 and a beta of 1.86. The firm’s fifty day moving average is $82.83 and its 200-day moving average is $60.86.

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 Buying and Selling

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 David C. Chang sold 8,333 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the transaction, the director directly owned 65,165 shares in the company, valued at approximately $7,244,393.05. This represents a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 251,636 shares of company stock worth $27,789,677 in the last three months. Insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. American Capital Advisory LLC acquired a new position in AXT during the 1st quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in AXT in the 1st quarter valued at about $31,000. XTX Topco Ltd acquired a new stake in AXT in the 2nd quarter valued at about $42,000. Jefferies Financial Group Inc. bought a new position in shares of AXT in the third quarter worth about $52,000. Finally, Leonteq Securities AG acquired a new position in shares of AXT during the first quarter worth approximately $57,000. 49.52% of the stock is owned by institutional investors.

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.