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

Shares of AXT Inc (NASDAQ:AXTI) gapped down prior to trading on Monday . The stock had previously closed at $103.16, but opened at $95.00. AXT shares last traded at $104.1030, with a volume of 2,727,740 shares trading hands.

Wall Street Analyst Weigh In

AXTI has been the subject of several recent research reports. B. Riley Financial raised their price target on AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. UBS Group set a $35.00 target price on shares of AXT in a research note on Tuesday, February 17th. Finally, Wedbush upped their target price on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 20th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.80.

AXT Stock Performance

The company has a market capitalization of $6.78 billion, a price-to-earnings ratio of -333.55 and a beta of 1.75. The company has a fifty day simple moving average of $85.03 and a two-hundred day simple moving average of $44.08.

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 0.2 EPS for the current year.

Insider Buying and Selling at AXT

In related news, Director David C. Chang sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $46.00, for a total value of $920,000.00. Following the sale, the director directly owned 72,744 shares of the company’s stock, valued at approximately $3,346,224. This trade represents a 21.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Morris S. Young sold 37,905 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $51.13, for a total transaction of $1,938,082.65. Following the completion of the sale, the chief executive officer owned 2,275,328 shares of the company’s stock, valued at approximately $116,337,520.64. The trade was a 1.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 331,422 shares of company stock worth $13,769,575 in the last 90 days. 5.97% of the stock is owned by company insiders.

Hedge Funds Weigh In On AXT

A number of large investors have recently bought and sold shares of AXTI. American Capital Advisory LLC purchased a new stake in shares of AXT during the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of AXT in the 1st quarter worth $31,000. XTX Topco Ltd purchased a new position in shares of AXT in the 2nd quarter worth $42,000. Jefferies Financial Group Inc. acquired a new position in AXT in the third quarter valued at $52,000. Finally, Leonteq Securities AG acquired a new position in AXT in the first quarter valued at $57,000. 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.