AXT (NASDAQ:AXTI) Shares Down 9.7% – Time to Sell?

AXT Inc (NASDAQ:AXTI) was down 9.7% during trading on Wednesday . The company traded as low as $66.02 and last traded at $65.0770. Approximately 1,304,892 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 10,259,696 shares. The stock had previously closed at $72.08.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Northland Securities set a $125.00 price target on shares of AXT in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AXT presently has a consensus rating of “Hold” and an average target price of $43.80.

AXT Trading Down 9.3%

The stock has a fifty day moving average price of $97.57 and a 200-day moving average price of $56.10. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of -210.80 and a beta of 1.80.

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. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The business had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, equities analysts expect that AXT Inc will post 0.19 EPS for the current year.

Insider Activity

In related news, Director Jesse Chen sold 6,172 shares of AXT stock in a transaction dated 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 $5,793,691. This trade represents a 10.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction 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 trade represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 251,636 shares of company stock worth $27,789,677. Corporate insiders own 5.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AXTI. American Capital Advisory LLC acquired a new position in shares of AXT in the 1st quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in AXT in the 1st quarter valued at $31,000. Leonteq Securities AG acquired a new position in AXT in the first quarter worth $57,000. KBC Group NV acquired a new position in AXT in the first quarter worth $88,000. Finally, SG Americas Securities LLC bought a new stake in shares of AXT during the first quarter worth $108,000. Institutional investors own 49.52% of the company’s stock.

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.