AXT (NASDAQ:AXTI) Trading Down 9.7% – Should You Sell?

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

Analysts Set New Price Targets

A number of research firms recently commented on AXTI. Weiss Ratings raised 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 target price on shares of AXT in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AXT presently has an average rating of “Hold” and a consensus price target of $43.80.

AXT Stock Performance

The company has a market capitalization of $3.00 billion, a price-to-earnings ratio of -147.93 and a beta of 1.86. The company has a fifty day simple moving average of $89.85 and a two-hundred day simple moving average of $59.61.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $26.92 million for the quarter, compared to analysts’ expectations 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, analysts expect 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 firm’s 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 directly owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jesse Chen sold 6,172 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the transaction, the director directly owned 50,275 shares of the company’s stock, valued at approximately $5,793,691. This represents a 10.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 251,636 shares of company stock valued at $27,789,677. Insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

Several institutional investors and hedge funds have recently bought and sold shares of AXTI. American Capital Advisory LLC acquired a new position in shares of AXT in the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of AXT during the 1st quarter worth $31,000. XTX Topco Ltd acquired a new stake in shares of AXT during the 2nd quarter worth $42,000. Jefferies Financial Group Inc. purchased a new position in shares of AXT in the 3rd quarter worth $52,000. Finally, Leonteq Securities AG acquired a new position in AXT in the first quarter valued at $57,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

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.