Insider Selling: AXT (NASDAQ:AXTI) Director Sells $44,795.00 in Stock

AXT Inc (NASDAQ:AXTI) Director Leonard Leblanc sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $89.59, for a total value of $44,795.00. Following the completion of the sale, the director owned 119,129 shares of the company’s stock, valued at $10,672,767.11. The trade was a 0.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

AXT Stock Down 10.8%

Shares of AXT stock traded down $8.88 on Wednesday, hitting $73.43. The stock had a trading volume of 15,148,270 shares, compared to its average volume of 10,545,666. AXT Inc has a one year low of $2.20 and a one year high of $143.16. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 3,671.50 and a beta of 1.90. The stock’s 50-day simple moving average is $68.30 and its two-hundred day simple moving average is $66.86.

AXT (NASDAQ:AXTI) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping 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 company had revenue of $47.59 million for the quarter, compared to the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, equities analysts predict that AXT Inc will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On AXT

Several hedge funds and other institutional investors have recently modified their holdings of AXTI. BlackRock Inc. bought a new position in AXT in the second quarter worth about $365,607,000. Assenagon Asset Management S.A. boosted its position in AXT by 161.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after acquiring an additional 930,526 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new stake in AXT during the 4th quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. purchased a new position in shares of AXT during the 4th quarter worth approximately $20,187,000. Finally, Jane Street Group LLC raised its position in shares of AXT by 1,314.6% in the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after acquiring an additional 840,650 shares in the last quarter. Hedge funds and other institutional investors own 49.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AXTI. UBS Group set a $90.00 target price on shares of AXT in a report on Friday, July 31st. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday. 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 report on Tuesday, July 28th. Northland Securities set a $125.00 price objective on AXT in a research report on Wednesday, June 3rd. Finally, Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Key Headlines Impacting AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: AXT’s record InP revenue, backlog exceeding $100 million and planned capacity expansion could support a multiyear growth opportunity as AI data centers increase demand for optical components. AXT’s InP Demand Is Surging: Can It Become a Long-Term Growth Driver?
• Positive Sentiment: Recent reports linked AXT’s gains to tightening indium phosphide supply and new AI-related deals, reinforcing investor expectations that the company may benefit from increased optical-networking demand. Why AXT Is Up 11.6% After Indium Phosphide Supply Tightens Amid New AI Deals
• Neutral Sentiment: Tradr launched a first-to-market exchange-traded fund focused on AXT and several other optics and AI-related companies. The additional investment product may improve exposure and trading interest, although its direct effect on AXT’s fundamentals is unclear. Tradr Debuts First-to-Market ETFs on Meta, AXT, Coherent & Lightwave Logic
• Negative Sentiment: AXT has been pressured alongside other optics stocks as investors reassessed AI spending expectations and took profits in companies that had already posted large gains. The sector-wide risk-off move may be weighing on the stock despite its favorable InP outlook. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Director Leonard J. Leblanc disclosed sales totaling 6,000 shares in August, following a 500-share sale in June. The transactions reduced his holdings by about 5.5% cumulatively and may create a modest insider-confidence overhang, although the director still owns more than 113,000 shares. SEC Insider Transaction Filing

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.