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

AXT Inc (NASDAQ:AXTI) shares gapped down prior to trading on Tuesday . The stock had previously closed at $63.52, but opened at $59.32. AXT shares last traded at $61.9940, with a volume of 1,592,344 shares traded.

Analyst Ratings Changes

AXTI has been the topic of several recent analyst reports. Northland Securities set a $125.00 target price on AXT in a report on Wednesday, June 3rd. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two 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.com, AXT currently has an average rating of “Hold” and an average price target of $43.80.

AXT Trading Down 3.9%

The firm’s 50 day moving average price is $96.08 and its two-hundred day moving average price is $57.39. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of -196.80 and a beta of 1.86.

AXT (NASDAQ:AXTI) last issued its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. 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. As a group, equities research analysts predict that AXT Inc will post 0.19 EPS for the current year.

Insider Buying and Selling at AXT

In related news, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jesse Chen sold 6,172 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $115.24, for a total value of $711,261.28. Following the completion of the sale, the director owned 50,275 shares in the company, valued at approximately $5,793,691. This trade represents a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 251,636 shares of company stock worth $27,789,677 over the last 90 days. Company insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

Several large investors have recently modified their holdings of AXTI. American Capital Advisory LLC bought a new stake in shares of AXT during the 1st quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in AXT during the first quarter worth approximately $31,000. XTX Topco Ltd acquired a new stake in AXT during the second quarter worth approximately $42,000. Jefferies Financial Group Inc. bought a new stake in shares of AXT during the third quarter worth approximately $52,000. Finally, Leonteq Securities AG bought a new stake in shares of AXT during the first quarter worth approximately $57,000. 49.52% of the stock is owned by institutional investors.

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.