AXT (NASDAQ:AXTI) Shares Down 9.8% – Here’s What Happened

Posted by Geri Gentry on Jul 10th, 2026

AXT Inc (NASDAQ:AXTI – Get Free Report) fell 9.8% during mid-day trading on Friday . The stock traded as low as $58.51 and last traded at $56.4120. 653,397 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 10,182,988 shares. The stock had previously closed at $62.55.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.80.

Read Our Latest Stock Report on AXT

AXT Stock Performance

The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of -181.96 and a beta of 1.86. The business’s 50 day moving average is $95.40 and its 200 day moving average is $58.38.

AXT (NASDAQ:AXTI – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $26.92 million for the quarter, compared to analyst estimates of $26.22 million. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Sell-side analysts predict that AXT Inc will post 0.19 EPS for the current year.

Insider Activity at AXT

In related news, Director Jesse Chen sold 13,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $95.77, for a total value of $1,245,010.00. Following the transaction, the director directly owned 56,447 shares of the company’s stock, valued at $5,405,929.19. This represents a 18.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David C. Chang sold 8,333 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value 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. This trade represents a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 251,636 shares of company stock valued at $27,789,677 in the last ninety days. Company insiders own 5.97% of the company’s stock.

Hedge Funds Weigh In On AXT

Several hedge funds and other institutional investors have recently bought and sold shares of AXTI. Acadian Asset Management LLC lifted its stake in AXT by 2.8% during the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after acquiring an additional 8,039 shares during the period. Creative Planning purchased a new position in shares of AXT during the second quarter worth $86,000. XTX Topco Ltd purchased a new position in shares of AXT during the second quarter worth $42,000. Dimensional Fund Advisors LP acquired a new position in AXT during the third quarter valued at $145,000. Finally, Jefferies Financial Group Inc. purchased a new stake in AXT in the third quarter valued at $52,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

About AXT

(Get Free Report)

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.