AXT (NASDAQ:AXTI) Shares Down 9.7% – Here’s What Happened

Shares of AXT Inc (NASDAQ:AXTI) traded down 9.7% during mid-day trading on Wednesday . The stock traded as low as $66.02 and last traded at $65.0770. 1,304,892 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 10,259,696 shares. The stock had previously closed at $72.08.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AXTI. Northland Securities set a $125.00 price objective on shares of AXT in a report on Wednesday, June 3rd. Weiss Ratings raised 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 given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AXT has an average rating of “Hold” and a consensus target price of $43.80.

AXT Stock Down 9.3%

The stock’s 50-day moving average price is $97.57 and its 200 day moving average price is $56.10. The company has a market cap of $4.27 billion, a P/E ratio of -210.80 and a beta of 1.80.

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 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. Analysts expect that AXT Inc will post 0.19 earnings per share for the current fiscal year.

Insider Activity

In other AXT news, Director David C. Chang sold 8,333 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 65,165 shares of the company’s stock, valued at $7,244,393.05. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Morris S. Young sold 123,601 shares of AXT stock in a transaction that occurred 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 directly owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. This represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is owned by insiders.

Hedge Funds Weigh In On AXT

Several large investors have recently bought and sold shares of the stock. Acadian Asset Management LLC boosted its holdings in AXT by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 8,039 shares during the period. Creative Planning bought a new position in AXT during the second quarter valued at about $86,000. XTX Topco Ltd acquired a new position in AXT in the 2nd quarter valued at approximately $42,000. Dimensional Fund Advisors LP bought a new stake in shares of AXT in the 3rd quarter worth approximately $145,000. Finally, Jefferies Financial Group Inc. bought a new stake in shares of AXT in the 3rd quarter worth approximately $52,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

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.