AXT (NASDAQ:AXTI) Shares Down 12.8% – Time to Sell?

AXT Inc (NASDAQ:AXTI) shares fell 12.8% during trading on Wednesday . The company traded as low as $95.10 and last traded at $93.8140. 4,032,562 shares changed hands during trading, a decline of 61% from the average session volume of 10,468,648 shares. The stock had previously closed at $107.55.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AXTI. Wedbush boosted their target price on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Craig Hallum reiterated a “buy” rating on shares of AXT in a research report on Friday, January 9th. Needham & Company LLC downgraded AXT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, UBS Group set a $35.00 price target on shares of AXT in a report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $22.80.

AXT Stock Down 2.5%

The firm’s 50 day moving average is $57.14 and its 200-day moving average is $29.89. The firm has a market cap of $6.86 billion, a PE ratio of -338.15 and a beta of 1.75.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The company had revenue of $26.92 million for the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative net margin of 14.69% and a negative return on equity of 6.11%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, analysts forecast that AXT Inc will post -0.01 earnings per share for the current year.

Insider Transactions at AXT

In other news, Director David C. Chang sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $38.53, for a total value of $770,600.00. Following the transaction, the director directly owned 112,744 shares in the company, valued at $4,344,026.32. This trade represents a 15.07% 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 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $47.13, for a total value of $706,950.00. Following the completion of the transaction, the director owned 123,612 shares in the company, valued at approximately $5,825,833.56. This trade represents a 10.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 502,278 shares of company stock worth $21,196,754 in the last three months. 5.97% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AXT

A number of large investors have recently modified their holdings of the company. American Capital Advisory LLC purchased a new position in shares of AXT in the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of AXT during the 1st quarter valued at about $31,000. XTX Topco Ltd purchased a new stake in shares of AXT during the 2nd quarter valued at about $42,000. Jefferies Financial Group Inc. purchased a new stake in shares of AXT during the 3rd quarter valued at about $52,000. Finally, Leonteq Securities AG purchased a new stake in shares of AXT during the 1st quarter valued at about $57,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

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.