AXT (NASDAQ:AXTI) Stock Price Down 10.2% – Time to Sell?

AXT Inc (NASDAQ:AXTI)’s share price was down 10.2% during mid-day trading on Monday . The stock traded as low as $112.22 and last traded at $111.2050. Approximately 2,229,910 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 10,457,342 shares. The stock had previously closed at $123.78.

Analysts Set New Price Targets

Several brokerages recently weighed in on AXTI. Weiss Ratings reissued a “sell (e+)” rating on shares of AXT in a research report on Wednesday. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. UBS Group set a $35.00 target price on AXT in a report on Tuesday, February 17th. Wedbush lifted their target price on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Needham & Company LLC lowered shares of AXT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AXT has an average rating of “Hold” and a consensus price target of $22.80.

AXT Price Performance

The business has a 50-day simple moving average of $69.79 and a 200 day simple moving average of $36.21. The firm has a market cap of $6.96 billion, a PE ratio of -343.57 and a beta of 1.75.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (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. On average, equities analysts forecast that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AXT news, Director Jesse Chen sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $47.13, for a total value of $706,950.00. Following the completion of the transaction, the director directly owned 123,612 shares in the company, valued at $5,825,833.56. This represents a 10.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director David C. Chang sold 20,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $38.53, for a total transaction of $770,600.00. Following the sale, the director directly owned 112,744 shares of the company’s stock, valued at approximately $4,344,026.32. This trade represents a 15.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 502,278 shares of company stock valued at $21,196,754. Corporate insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

A number of hedge funds 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 valued at $85,775,000 after buying an additional 930,526 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of AXT during the 4th quarter worth approximately $22,738,000. Alyeska Investment Group L.P. bought a new position in shares of AXT during the 4th quarter valued at approximately $20,187,000. Jane Street Group LLC raised its stake in AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after purchasing an additional 840,650 shares in the last quarter. Finally, Ariose Capital Management Ltd purchased a new position in shares of AXT in the 1st quarter worth $39,061,000. 49.52% of the stock is currently owned by hedge funds and other 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.