AXT (NASDAQ:AXTI) Trading Down 14.6% – Here’s What Happened

AXT Inc (NASDAQ:AXTI) shares fell 14.6% during mid-day trading on Friday . The company traded as low as $91.03 and last traded at $90.5170. 4,754,377 shares were traded during trading, a decline of 54% from the average session volume of 10,294,738 shares. The stock had previously closed at $105.99.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AXTI. Wall Street Zen raised 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 report on Wednesday, May 27th. B. Riley Financial raised their price objective on AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. UBS Group set a $35.00 price objective on AXT in a research report on Tuesday, February 17th. Finally, Wedbush raised their price objective on AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.80.

AXT Stock Down 16.0%

The business has a 50 day simple moving average of $88.78 and a 200 day simple moving average of $46.83. The company has a market capitalization of $5.82 billion, a PE ratio of -287.12 and a beta of 1.80.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The company had revenue of $26.92 million during the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities analysts expect that AXT Inc will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling at AXT

In other AXT news, Director David C. Chang sold 20,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $46.00, for a total value of $920,000.00. Following the completion of the sale, the director directly owned 72,744 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Jesse Chen sold 8,083 shares of the stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $50.25, for a total value of $406,170.75. Following the completion of the sale, the director owned 109,526 shares of the company’s stock, valued at approximately $5,503,681.50. This trade represents a 6.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 467,666 shares of company stock worth $33,695,744. 5.97% of the stock is owned by insiders.

Institutional Investors Weigh In On AXT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXTI. Bank of America Corp DE raised its stake in shares of AXT by 112.0% in the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after purchasing an additional 410,181 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of AXT in the first quarter worth about $1,395,000. California State Teachers Retirement System purchased a new position in shares of AXT in the first quarter worth about $3,670,000. Royal Bank of Canada raised its stake in shares of AXT by 38.8% in the first quarter. Royal Bank of Canada now owns 15,229 shares of the semiconductor company’s stock worth $868,000 after purchasing an additional 4,255 shares during the last quarter. Finally, Rokos Capital Management LLP purchased a new position in shares of AXT in the first quarter worth about $18,842,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

AXT Company Profile

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.