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

AXT Inc (NASDAQ:AXTI) shares gapped down prior to trading on Tuesday . The stock had previously closed at $63.52, but opened at $59.32. AXT shares last traded at $61.9940, with a volume of 1,592,344 shares.

Analyst Ratings Changes

Several equities research analysts 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 price objective on shares of AXT in a report on Wednesday, June 3rd. Two 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $43.80.

AXT Stock Up 3.4%

The stock has a market cap of $3.93 billion, a price-to-earnings ratio of -193.93 and a beta of 1.86. The firm’s 50 day moving average is $95.52 and its two-hundred day moving average is $58.04.

AXT (NASDAQ:AXTI) last issued its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, analysts anticipate that AXT Inc will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $111.17, for a total transaction of $926,379.61. Following the completion of the transaction, the director owned 65,165 shares in the company, valued at $7,244,393.05. The trade was a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jesse Chen sold 6,172 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the completion of the sale, the director directly owned 50,275 shares in the company, valued at $5,793,691. This represents a 10.93% 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. Insiders own 5.97% of the company’s stock.

Institutional Trading of AXT

A number of large investors have recently modified their holdings of AXTI. American Capital Advisory LLC bought a new stake in AXT in the 1st quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in AXT in the 1st quarter worth about $31,000. XTX Topco Ltd bought a new position in AXT in the 2nd quarter worth about $42,000. Jefferies Financial Group Inc. acquired a new stake in shares of AXT in the third quarter valued at approximately $52,000. Finally, Leonteq Securities AG acquired a new stake in shares of AXT in the first quarter valued at approximately $57,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

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.