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

Posted by Stanley Muller on Jul 15th, 2026

Shares of AXT Inc (NASDAQ:AXTI – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $57.57, but opened at $55.77. AXT shares last traded at $56.9240, with a volume of 877,485 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Northland Securities set a $125.00 target price on AXT in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, two have given 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 price target of $43.80.

Get Our Latest Stock Analysis on AXT

AXT Trading Down 7.9%

The stock has a fifty day simple moving average of $93.55 and a two-hundred day simple moving average of $59.22. The firm has a market cap of $3.47 billion, a PE ratio of -170.81 and a beta of 1.86.

AXT (NASDAQ:AXTI – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (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 firm had revenue of $26.92 million for 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, sell-side analysts predict that AXT Inc will post 0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jesse Chen sold 6,172 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the transaction, the director directly owned 50,275 shares in the company, valued at $5,793,691. The trade was a 10.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the transaction, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. This trade represents a 5.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 251,636 shares of company stock valued at $27,789,677. Company insiders own 5.97% of the company’s stock.

Institutional Investors Weigh In On AXT

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Tema ETFs LLC bought a new stake in AXT during the second quarter valued at $105,000. Handelsbanken Fonder AB bought a new position in AXT in the 2nd quarter worth about $1,391,000. Shariaportfolio Inc. bought a new position in AXT in the 1st quarter worth about $984,000. Bank of America Corp DE raised its holdings in shares of 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 acquiring an additional 410,181 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new stake in shares of AXT in the 1st quarter valued at about $1,395,000. Hedge funds and other institutional investors 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.