AXT (NASDAQ:AXTI) Shares Gap Down – Here’s What Happened

AXT Inc (NASDAQ:AXTI) shares gapped down before the market opened on Monday . The stock had previously closed at $70.15, but opened at $67.16. AXT shares last traded at $66.2990, with a volume of 897,968 shares traded.

Analyst Upgrades and Downgrades

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

AXT Stock Down 1.8%

The company’s 50-day moving average is $97.98 and its two-hundred day moving average is $55.31. The company has a market cap of $4.51 billion, a P/E ratio of -222.14 and a beta of 1.80.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $26.92 million during the quarter, compared to the consensus estimate 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. On average, analysts anticipate that AXT Inc will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at AXT

In related news, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the completion of the transaction, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jesse Chen sold 6,172 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the sale, the director owned 50,275 shares of the company’s stock, valued at $5,793,691. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 251,636 shares of company stock valued at $27,789,677 in the last 90 days. 5.97% of the stock is currently owned by company insiders.

Institutional Trading of AXT

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kestra Advisory Services LLC grew its holdings in shares of AXT by 6.8% in the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 408 shares during the last quarter. American Capital Advisory LLC purchased a new stake in AXT during the 1st quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in AXT during the 1st quarter worth approximately $31,000. Leonteq Securities AG purchased a new stake in AXT in the 1st quarter valued at about $57,000. Finally, KBC Group NV acquired a new position in shares of AXT in the first quarter worth $88,000. 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.