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

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 Analysts Forecast Growth

A number of research firms recently issued reports on AXTI. UBS Group set a $35.00 target price on shares of AXT in a research report on Tuesday, February 17th. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. Wedbush lifted 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. Finally, B. Riley Financial upped their price target on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $22.80.

AXT Trading Up 0.5%

The firm has a 50-day moving average of $85.03 and a 200 day moving average of $44.08. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of -333.55 and a beta of 1.75.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company 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. As a group, research analysts forecast that AXT Inc will post 0.2 EPS for the current year.

Insider Activity at AXT

In other AXT news, Director Jesse Chen sold 8,083 shares of the company’s 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 transaction, the director directly owned 109,526 shares of the company’s stock, valued at $5,503,681.50. This represents a 6.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David C. Chang sold 20,000 shares of the firm’s stock in a transaction dated 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 owned 72,744 shares of the company’s stock, valued at $3,346,224. This represents a 21.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 331,422 shares of company stock valued at $13,769,575. Corporate insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in AXT in the fourth quarter valued at $22,738,000. Maytree Asset Management Ltd acquired a new position in AXT during the 4th quarter worth $11,156,000. Destination Wealth Management bought a new stake in shares of AXT in the 3rd quarter worth about $458,000. Penn Capital Management Company LLC acquired a new stake in shares of AXT in the 3rd quarter valued at about $729,000. Finally, Allworth Financial LP raised its stake in shares of AXT by 3,764.7% in the 4th quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company’s stock valued at $190,000 after purchasing an additional 11,294 shares in the last quarter. Institutional investors and hedge funds 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.