AXT (NASDAQ:AXTI) Shares Gap Down – What’s Next?

Posted by Geri Gentry on Oct 9th, 2026

AXT Inc (NASDAQ:AXTI – Get Free Report) shares gapped down before the market opened on Wednesday. The stock had previously closed at $84.06, but opened at $79.78. AXT shares last traded at $80.4280, with a volume of 1,866,394 shares.

Analysts Set New Price Targets

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

Check Out Our Latest Research Report on AXT

AXT Price Performance

The company has a market cap of $4.70 billion, a price-to-earnings ratio of 3,583.00 and a beta of 1.86. The business’s 50-day simple moving average is $71.47 and its 200-day simple moving average is $76.26.

AXT (NASDAQ:AXTI – Get Free Report) last released its quarterly 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 net margin of 3.23% and a return on equity of 0.96%. The business had revenue of $47.59 million for the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, sell-side analysts forecast that AXT Inc will post 0.8 EPS for the current year.

Insider Buying and Selling

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was 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 of the company’s stock, valued at approximately $10,868,303.03. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

Several institutional investors and hedge funds have recently made changes to their positions in AXTI. Kestra Advisory Services LLC lifted its holdings in AXT by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after purchasing an additional 408 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of AXT during the first quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of AXT in the first quarter valued at approximately $31,000. Global Retirement Partners LLC acquired a new position in shares of AXT in the second quarter valued at approximately $55,000. Finally, Leonteq Securities AG purchased a new position in shares of AXT during the first quarter valued at approximately $57,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

About AXT

(Get Free Report)

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.