AXT (NASDAQ:AXTI) Shares Down 9.3% - What's Next?

Key Points

• AXT shares fell 9.3% to approximately $80.34, despite trading above their 50-day and 200-day moving averages. The stock has a consensus “Hold” rating and a $77 average price target.
• AXT reported stronger-than-expected quarterly results, with EPS of $0.19 versus a $0.07 estimate and revenue of $47.59 million versus expectations of $34.08 million. The company guided for third-quarter 2026 EPS of $0.30–$0.32.
• Insiders sold roughly $27.8 million in shares during the last quarter, while institutional ownership stands at 49.52%; BlackRock and other funds recently established or expanded positions.

Shares of AXT Inc (NASDAQ:AXTI - Get Free Report) were down 9.3% on Monday . The company traded as low as $81.83 and last traded at $80.3420. 4,610,968 shares traded hands during trading, a decline of 56% from the average daily volume of 10,384,091 shares. The stock had previously closed at $88.58.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. UBS Group set a $90.00 price objective on shares of AXT in a research report on Friday, July 31st. Needham & Company LLC upgraded shares of AXT from a "hold" rating to a "buy" rating and set a $90.00 target price for the company in a research note on Friday, July 31st. Weiss Ratings raised shares of AXT from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, May 27th. Finally, B. Riley Financial decreased their price target on shares of AXT from $73.00 to $52.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $77.00.

AXT Trading Down 14.7%

The company has a 50 day moving average of $70.85 and a 200-day moving average of $63.79. The firm has a market capitalization of $4.94 billion, a P/E ratio of 3,785.00 and a beta of 1.90.

AXT (NASDAQ:AXTI - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.12. The firm had revenue of $47.59 million for the quarter, compared to analysts' expectations of $34.08 million. AXT had a return on equity of 1.55% and a net margin of 3.23%.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 0.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other AXT news, Director David C. Chang sold 8,333 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the sale, the director owned 65,165 shares of the company's stock, 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 at the SEC website. Also, Director Jesse Chen sold 6,172 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $115.24, for a total transaction of $711,261.28. Following the transaction, the director owned 50,275 shares in the company, valued at approximately $5,793,691. The trade was a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 251,636 shares of company stock worth $27,789,677 in the last quarter. 5.97% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On AXT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXTI. BlackRock Inc. bought a new stake in shares of AXT during the 2nd quarter valued at $365,607,000. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of AXT in the fourth quarter worth $22,738,000. Alyeska Investment Group L.P. acquired a new position in AXT in the fourth quarter valued at about $20,187,000. Assenagon Asset Management S.A. lifted its position in AXT by 161.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company's stock worth $85,775,000 after purchasing an additional 930,526 shares during the period. Finally, Jane Street Group LLC lifted its position in AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company's stock worth $14,790,000 after purchasing an additional 840,650 shares during the period. 49.52% of the stock is owned by institutional investors and hedge funds.

AXT Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source