AXT Inc (NASDAQ:AXTI – Get Free Report) shares were down 5.4% on Tuesday . The stock traded as low as $132.99 and last traded at $133.23. Approximately 3,997,466 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 10,435,387 shares. The stock had previously closed at $140.83.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on AXTI shares. UBS Group set a $35.00 target price on shares of AXT in a report on Tuesday, February 17th. Wall Street Zen upgraded shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. B. Riley Financial increased their target price on shares of AXT to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AXT in a report on Wednesday, May 13th. Finally, Wedbush increased their target price on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.80.
View Our Latest Stock Analysis on AXT
AXT Stock Down 5.8%
AXT (NASDAQ:AXTI – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities research analysts expect that AXT Inc will post 0.2 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Jesse Chen sold 8,083 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $50.25, for a total transaction of $406,170.75. Following the sale, the director directly owned 109,526 shares in the company, valued at $5,503,681.50. This trade represents a 6.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Morris S. Young sold 37,905 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $51.13, for a total transaction of $1,938,082.65. Following the sale, the chief executive officer owned 2,275,328 shares in the company, valued at approximately $116,337,520.64. The trade was a 1.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 502,278 shares of company stock worth $21,196,754 over the last ninety days. Company insiders own 5.97% of the company’s stock.
Institutional Investors Weigh In On AXT
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its holdings in shares of AXT by 161.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after acquiring an additional 930,526 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of AXT during the fourth quarter worth $22,738,000. Alyeska Investment Group L.P. acquired a new stake in shares of AXT during the fourth quarter worth $20,187,000. Jane Street Group LLC raised its holdings in shares of AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after acquiring an additional 840,650 shares during the period. Finally, Bank of America Corp DE increased its stake in AXT by 112.0% in the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after buying an additional 410,181 shares during the last quarter. 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.
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