AXT (NASDAQ:AXTI) Shares Gap Down – Time to Sell?

AXT Inc (NASDAQ:AXTI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $70.74, but opened at $66.63. AXT shares last traded at $63.27, with a volume of 2,574,954 shares changing hands.

Wall Street Analyst Weigh In

AXTI has been the topic of a number of research reports. B. Riley Financial reduced their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Friday, July 31st. UBS Group set a $90.00 price objective on AXT in a research note on Friday, July 31st. Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, Northland Securities set a $125.00 price target on AXT in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

AXT Stock Performance

The company has a 50 day simple moving average of $65.81 and a two-hundred day simple moving average of $68.66. The firm has a market cap of $4.42 billion, a PE ratio of 3,372.50 and a beta of 1.90.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.12. AXT had a return on equity of 0.96% and a net margin of 3.23%.The business had revenue of $47.59 million during the quarter, compared to analysts’ expectations of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, research analysts predict that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AXT news, Director Jesse Chen sold 6,172 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the sale, the director owned 50,275 shares of the company’s stock, valued at $5,793,691. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David C. Chang sold 8,333 shares of the company’s stock in a transaction 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 directly owned 65,165 shares in the company, valued at $7,244,393.05. This represents a 11.34% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 258,136 shares of company stock valued at $28,395,372. 5.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AXT

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC increased its stake in shares of AXT by 2.8% during the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after acquiring an additional 8,039 shares during the last quarter. Creative Planning acquired a new stake in shares of AXT during the second quarter worth approximately $86,000. XTX Topco Ltd acquired a new stake in shares of AXT during the second quarter worth $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 position in AXT in the 3rd quarter worth about $52,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

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.