AXT (NASDAQ:AXTI) Shares Gap Down – Time to Sell?

AXT Inc (NASDAQ:AXTI)’s share price gapped down before the market opened on Monday . The stock had previously closed at $70.15, but opened at $67.16. AXT shares last traded at $66.2990, with a volume of 897,968 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AXTI shares. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. 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, AXT presently has a consensus rating of “Hold” and an average price target of $43.80.

AXT Price Performance

The stock’s 50-day moving average is $97.57 and its 200 day moving average is $56.10. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of -232.51 and a beta of 1.80.

AXT (NASDAQ:AXTI) last released its earnings results 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 company 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. Analysts anticipate that AXT Inc will post 0.19 EPS for the current year.

Insider Buying and Selling

In other AXT news, Director David C. Chang sold 8,333 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the transaction, the director owned 65,165 shares in the company, valued at approximately $7,244,393.05. This represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 251,636 shares of company stock valued at $27,789,677 over the last quarter. Company insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AXTI. American Capital Advisory LLC acquired a new stake in shares of AXT during the 1st quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in AXT in the 1st quarter valued at approximately $31,000. XTX Topco Ltd acquired a new position in AXT during the second quarter worth $42,000. Jefferies Financial Group Inc. acquired a new position in AXT during the third quarter worth $52,000. Finally, Leonteq Securities AG purchased a new stake in AXT during the first quarter worth $57,000. 49.52% of the stock is currently 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.