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

AXT Inc (NASDAQ:AXTI)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $60.43, but opened at $56.89. AXT shares last traded at $64.0240, with a volume of 2,915,987 shares traded.

Analyst Ratings Changes

AXTI has been the subject of several research reports. UBS Group set a $90.00 price objective on shares of AXT in a research note on Friday. B. Riley Financial reduced their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Northland Securities set a $125.00 price target on AXT in a research report on Wednesday, June 3rd. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Friday. Finally, Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, AXT has an average rating of “Hold” and a consensus target price of $77.00.

AXT Trading Up 13.3%

The stock’s 50 day moving average price is $75.83 and its 200 day moving average price is $62.01. The firm has a market cap of $4.48 billion, a PE ratio of 3,441.30 and a beta of 1.90.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. AXT had a net margin of 3.23% and a return on equity of 1.55%. The business had revenue of $47.59 million for the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Analysts forecast that AXT Inc will post 0.19 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the sale, the chief executive officer directly owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. This trade represents a 5.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 65,165 shares in the company, valued at $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. Insiders have sold a total of 251,636 shares of company stock worth $27,789,677 over the last quarter. 5.97% of the stock is owned by corporate insiders.

Institutional Trading of AXT

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of AXT by 2.8% in the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 8,039 shares during the period. Creative Planning purchased a new stake in AXT during the 2nd quarter worth $86,000. XTX Topco Ltd purchased a new stake in AXT during the 2nd quarter worth $42,000. Dimensional Fund Advisors LP acquired a new position in AXT in the 3rd quarter worth $145,000. Finally, Jefferies Financial Group Inc. acquired a new position in AXT in the 3rd quarter worth $52,000. 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.