AXT Inc (NASDAQ:AXTI – Get Free Report)’s share price traded down 5.9% during mid-day trading on Thursday. The stock traded as low as $73.90 and last traded at $75.0780. Approximately 2,180,554 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 10,071,744 shares. The stock had previously closed at $79.79.
Analyst Ratings Changes
A number of brokerages have weighed in on AXTI. Zacks Research downgraded shares of AXT from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 29th. UBS Group set a $90.00 price target on AXT in a research note on Friday, July 31st. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Friday, July 31st. B. Riley Financial dropped their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Finally, Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.00.
View Our Latest Analysis on AXT
AXT Trading Down 7.5%
AXT (NASDAQ:AXTI – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. The company had revenue of $47.59 million during the quarter, compared to analyst estimates of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Sell-side analysts anticipate that AXT Inc will post 0.8 EPS for the current fiscal year.
Insider Transactions at AXT
In other news, Director Leonard Leblanc sold 4,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the sale, the director directly owned 113,129 shares of the company’s stock, valued at $10,868,303.03. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.97% of the company’s stock.
Institutional Investors Weigh In On AXT
Several institutional investors and hedge funds have recently modified their holdings of AXTI. Kestra Advisory Services LLC increased 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 worth $365,000 after acquiring 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 during the 1st quarter worth about $31,000. Global Retirement Partners LLC acquired a new position in shares of AXT during the 2nd quarter worth about $55,000. Finally, Leonteq Securities AG purchased a new position in AXT in the 1st quarter valued at about $57,000. Institutional investors 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.
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