AXT (NASDAQ:AXTI) Trading Down 6.6% – What’s Next?

AXT Inc (NASDAQ:AXTI) shares were down 6.6% during trading on Thursday . The company traded as low as $53.85 and last traded at $53.1840. Approximately 1,371,372 shares changed hands during trading, a decline of 87% from the average session volume of 10,294,540 shares. The stock had previously closed at $56.95.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group set a $90.00 price objective on AXT in a research report on Friday, July 31st. Northland Securities set a $125.00 target price 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 target price on the stock in a research note on Friday, July 31st. Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, AXT presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

AXT Stock Up 9.7%

The firm has a 50 day moving average of $62.64 and a 200 day moving average of $70.35. The firm has a market cap of $4.04 billion, a PE ratio of 3,082.00 and a beta of 1.92.

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

Insider Buying and Selling at AXT

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the completion of the transaction, the director owned 113,129 shares in the company, valued at $10,868,303.03. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Chang sold 8,333 shares of AXT stock in a transaction dated Monday, June 15th. The stock was 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 of the company’s stock, valued at $7,244,393.05. The trade was a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 50,505 shares of company stock valued at $4,972,866 over the last three months. 5.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On AXT

Several institutional investors have recently made changes to their positions in AXTI. American Capital Advisory LLC purchased a new position in shares of AXT in the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of AXT during the 1st quarter valued at $31,000. XTX Topco Ltd purchased a new stake in AXT during the 2nd quarter worth about $42,000. Jefferies Financial Group Inc. purchased a new stake in AXT during the 3rd quarter worth about $52,000. Finally, Global Retirement Partners LLC bought a new position in AXT in the 2nd quarter worth about $55,000. 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.