AXT (NASDAQ:AXTI) Stock Price Down 10.2% – Here’s What Happened

AXT Inc (NASDAQ:AXTI)’s share price dropped 10.2% on Monday . The stock traded as low as $112.22 and last traded at $111.2050. Approximately 2,229,910 shares traded hands during trading, a decline of 79% from the average daily volume of 10,457,342 shares. The stock had previously closed at $123.78.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of AXT in a report on Wednesday, May 13th. Wedbush raised their target price on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Needham & Company LLC downgraded AXT from a “buy” rating to a “hold” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, B. Riley Financial upped their target price on AXT to $21.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $22.80.

AXT Price Performance

The stock has a market cap of $7.38 billion, a price-to-earnings ratio of -364.12 and a beta of 1.75. The firm’s 50-day moving average is $72.74 and its 200 day moving average is $37.66.

AXT (NASDAQ:AXTI) last announced its quarterly 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 company had revenue of $26.92 million for the quarter, compared to analyst estimates 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, sell-side analysts forecast that AXT Inc will post 0.2 EPS for the current year.

Insider Buying and Selling at AXT

In other news, Director Jesse Chen sold 8,083 shares of AXT stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $50.25, for a total value of $406,170.75. Following the transaction, the director directly owned 109,526 shares of the company’s stock, valued at $5,503,681.50. The trade was a 6.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director David C. Chang sold 20,000 shares of the business’s 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 sale, the director owned 72,744 shares of the company’s stock, valued at $3,346,224. The trade was a 21.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 502,278 shares of company stock valued at $21,196,754. Company insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AXTI. American Capital Advisory LLC acquired a new stake in shares of AXT in the first quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of AXT during the 1st quarter valued at $31,000. Leonteq Securities AG acquired a new position in shares of AXT during the 1st quarter valued at $57,000. KBC Group NV purchased a new stake in AXT during the 1st quarter worth $88,000. Finally, SG Americas Securities LLC purchased a new stake in shares of AXT in the first quarter worth about $108,000. 49.52% of the stock is owned by institutional investors and hedge funds.

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.