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

AXT Inc (NASDAQ:AXTI)’s stock price fell 14.6% during mid-day trading on Friday . The stock traded as low as $91.03 and last traded at $90.5170. 4,754,377 shares were traded during mid-day 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

Several brokerages have recently issued reports on AXTI. Northland Securities set a $125.00 price objective on AXT in a research note on Wednesday. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. B. Riley Financial raised their price objective on AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. UBS Group set a $35.00 price objective on AXT in a research note on Tuesday, February 17th. Finally, Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.80.

AXT Price Performance

The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of -287.12 and a beta of 1.80. The firm has a fifty day moving average of $88.78 and a 200 day moving average of $46.83.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. The firm had revenue of $26.92 million for the quarter, compared to analyst estimates 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. Research analysts predict that AXT Inc will post 0.2 EPS for the current year.

Insider Buying and Selling

In related news, Director David C. Chang sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $46.00, for a total transaction of $920,000.00. Following the sale, the director directly owned 72,744 shares of the company’s stock, valued at $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 this hyperlink. Also, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total value of $14,007,701.33. Following the completion of the sale, the chief executive officer directly owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 467,666 shares of company stock valued at $33,695,744 over the last ninety days. Company insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

Several institutional investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in AXT by 112.0% in the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after purchasing an additional 410,181 shares during the period. Janus Henderson Group PLC acquired a new stake in AXT in the first quarter valued at approximately $1,395,000. California State Teachers Retirement System acquired a new stake in AXT in the first quarter valued at approximately $3,670,000. Royal Bank of Canada grew its holdings in AXT by 38.8% in the first quarter. Royal Bank of Canada now owns 15,229 shares of the semiconductor company’s stock valued at $868,000 after purchasing an additional 4,255 shares during the period. Finally, Rokos Capital Management LLP acquired a new stake in AXT in the first quarter valued at approximately $18,842,000. 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.