AXT (NASDAQ:AXTI) Shares Down 10% – Here’s Why

AXT Inc (NASDAQ:AXTI)’s share price was down 10% on Friday. The stock traded as low as $52.32 and last traded at $52.1310. 5,195,099 shares changed hands during trading, a decline of 49% from the average daily volume of 10,099,289 shares. The stock had previously closed at $57.91.

Analyst Ratings Changes

Several brokerages recently issued reports on AXTI. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, July 31st. UBS Group set a $90.00 target price on shares of AXT in a research note on Friday, July 31st. Zacks Research downgraded AXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. B. Riley Financial reduced their price target on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, AXT has a consensus rating of “Hold” and a consensus price target of $77.00.

AXT Price Performance

The stock has a market cap of $3.41 billion, a PE ratio of 2,605.00 and a beta of 1.86. The business has a fifty day moving average of $71.00 and a 200 day moving average of $76.22.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.07 by $0.12. AXT had a return on equity of 0.96% and a net margin of 3.23%. The company had revenue of $47.59 million during the quarter, compared to analysts’ expectations of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, equities research analysts expect that AXT Inc will post 0.80 EPS for the current year.

Insider Buying and Selling at AXT

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the business’s 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 sale, the director directly owned 113,129 shares in the company, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On AXT

A number of institutional investors and hedge funds have recently modified their holdings of AXTI. State of Alaska Department of Revenue purchased a new position in AXT during the 3rd quarter valued at about $834,000. Dupree Financial Group LLC lifted its position in shares of AXT by 2.9% in the third quarter. Dupree Financial Group LLC now owns 14,349 shares of the semiconductor company’s stock worth $1,111,000 after purchasing an additional 400 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of AXT by 3,881.2% in the third quarter. GAMMA Investing LLC now owns 1,274 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 1,242 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of AXT by 79.0% in the second quarter. NewEdge Advisors LLC now owns 3,158 shares of the semiconductor company’s stock worth $228,000 after purchasing an additional 1,394 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of AXT by 1,347.0% during the second quarter. Squarepoint Ops LLC now owns 312,999 shares of the semiconductor company’s stock worth $22,561,000 after purchasing an additional 291,368 shares during the period. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Company Profile

AXT, Inc (NASDAQ: AXTI) develops and manufactures compound semiconductor substrate materials used in high-performance electronic and optoelectronic devices. Its primary products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, which serve as the foundation for semiconductor components.

The company’s substrates are used in applications such as fiber-optic communications, data-center and telecommunications equipment, wireless infrastructure, radio-frequency devices, lasers, light-emitting diodes, and certain solar cells.