AXT (NASDAQ:AXTI) Shares Down 9.2% – Here’s What Happened

AXT Inc (NASDAQ:AXTI) shares dropped 9.2% during mid-day trading on Wednesday . The stock traded as low as $76.05 and last traded at $74.7140. 4,792,425 shares were traded during mid-day trading, a decline of 54% from the average session volume of 10,461,904 shares. The stock had previously closed at $82.31.

Analyst Ratings Changes

AXTI has been the topic of a number of recent research reports. Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, July 31st. Northland Securities set a $125.00 price objective on AXT in a research note on Wednesday, June 3rd. B. Riley Financial cut their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Finally, UBS Group set a $90.00 target price on shares of AXT in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

AXT Stock Down 8.2%

The company has a market capitalization of $4.94 billion, a PE ratio of 3,770.80 and a beta of 1.90. The company has a 50-day moving average price of $68.30 and a two-hundred day moving average price of $66.86.

AXT (NASDAQ:AXTI) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $47.59 million for the quarter, compared to analyst estimates of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, equities analysts anticipate that AXT Inc will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling

In other AXT news, CEO Morris S. Young sold 123,601 shares of the 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 sale, the chief executive officer directly owned 2,149,533 shares in the company, valued at $243,606,574.89. This represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jesse Chen sold 6,172 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the transaction, the director directly owned 50,275 shares of the company’s stock, valued at approximately $5,793,691. The trade was a 10.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 251,636 shares of company stock valued at $27,789,677. Company insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AXTI. American Capital Advisory LLC bought a new stake in AXT during the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in AXT in the first quarter valued at $31,000. Global Retirement Partners LLC bought a new stake in AXT during the second quarter worth about $55,000. Leonteq Securities AG bought a new stake in AXT during the first quarter worth about $57,000. Finally, Tema ETFs LLC purchased a new position in shares of AXT in the 2nd quarter worth about $105,000. Hedge funds and other institutional investors 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.