AXT (NASDAQ:AXTI) Shares Down 10.7% – Should You Sell?

AXT Inc (NASDAQ:AXTI) was down 10.7% on Thursday. The stock traded as low as $53.47 and last traded at $52.9140. 2,943,116 shares were traded during trading, a decline of 71% from the average daily volume of 10,089,572 shares. The stock had previously closed at $59.28.

Wall Street Analysts Forecast Growth

AXTI has been the topic of a number of analyst reports. Zacks Research lowered AXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Friday, July 31st. B. Riley Financial decreased their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, UBS Group set a $90.00 price objective on shares of AXT in a research report on Friday, July 31st. Three investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $77.00.

AXT Price Performance

The firm has a 50 day moving average of $69.20 and a two-hundred day moving average of $76.33. The stock has a market cap of $3.38 billion, a PE ratio of 2,578.00 and a beta of 1.86.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, equities analysts anticipate that AXT Inc will post 0.80 EPS for the current fiscal year.

Insider Buying and Selling at AXT

In other news, Director Leonard Leblanc sold 4,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the transaction, the director owned 113,129 shares in the company, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 stock. American Capital Advisory LLC purchased a new stake in AXT in the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in AXT in the first quarter valued at $31,000. Reyes Financial Architecture Inc. purchased a new position in shares of AXT during the third quarter worth about $42,000. Global Retirement Partners LLC purchased a new position in shares of AXT during the second quarter worth about $55,000. Finally, Leonteq Securities AG acquired a new stake in shares of AXT during the first quarter worth about $57,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

AXT Company Profile

AXT, Inc develops and manufactures compound semiconductor substrates used as the foundation for various high-performance electronic and optoelectronic devices. Its principal products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with other specialty materials such as gallium antimonide and indium arsenide.

The company’s substrates are used in applications including wireless communications, fiber-optic and data-center networks, lasers, light-emitting diodes, solar cells, consumer electronics, and aerospace and defense systems.