AXT (NASDAQ:AXTI) Stock Price Down 9.1% Following Insider Selling

AXT Inc (NASDAQ:AXTI) was down 9.1% on Tuesday after an insider sold shares in the company. The stock traded as low as $101.78 and last traded at $100.7040. Approximately 2,253,465 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 10,227,369 shares. The stock had previously closed at $110.74.

Specifically, Director Jesse Chen sold 13,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the completion of the sale, the director owned 56,447 shares in the company, valued at approximately $5,405,929.19. This represents a 18.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jesse Chen sold 9,000 shares of the firm’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $86.73, for a total value of $780,570.00. Following the completion of the transaction, the director owned 69,447 shares of the company’s stock, valued at $6,023,138.31. This trade represents a 11.47% decrease in their position. The disclosure for this sale is available in the SEC filing. In related news, Director Jesse Chen sold 1,500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $93.30, for a total value of $139,950.00. Following the completion of the transaction, the director owned 87,447 shares in the company, valued at $8,158,805.10. This trade represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Wall Street Analysts Forecast Growth

AXTI has been the subject of a number of research analyst reports. Wedbush raised their target price on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. B. Riley Financial raised their target price on AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Finally, UBS Group set a $35.00 target price on AXT in a research note on Tuesday, February 17th. Two 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.80.

AXT Trading Down 9.7%

The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of -324.81 and a beta of 1.80. The stock has a 50-day moving average price of $93.65 and a 200 day moving average price of $50.86.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $26.92 million for the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities research analysts anticipate that AXT Inc will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On AXT

A number of institutional investors have recently modified their holdings of AXTI. American Capital Advisory LLC acquired a new stake in AXT in the 1st quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in AXT in the 1st quarter worth about $31,000. XTX Topco Ltd acquired a new stake in AXT in the 2nd quarter worth about $42,000. Jefferies Financial Group Inc. acquired a new stake in AXT in the 3rd quarter worth about $52,000. Finally, Leonteq Securities AG acquired a new stake in AXT in the 1st quarter worth about $57,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

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.