Insider Selling: AXT (NASDAQ:AXTI) Director Sells $384,280.00 in Stock

AXT Inc (NASDAQ:AXTI) Director Leonard Leblanc sold 4,000 shares of the business’s stock in a transaction that occurred 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 owned 113,129 shares of the company’s stock, valued at approximately $10,868,303.03. This trade represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

AXT Price Performance

Shares of NASDAQ:AXTI opened at $70.74 on Friday. The company has a market capitalization of $4.64 billion, a P/E ratio of 3,537.00 and a beta of 1.90. AXT Inc has a 1 year low of $2.50 and a 1 year high of $143.16. The business’s 50 day simple moving average is $67.22 and its 200 day simple moving average is $67.67.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. The firm had revenue of $47.59 million during the quarter, compared to analysts’ expectations 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. On average, sell-side analysts anticipate that AXT Inc will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Capital Advisory LLC acquired a new stake in AXT in the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of AXT during the first quarter worth $31,000. XTX Topco Ltd acquired a new position in shares of AXT during the second quarter worth $42,000. Jefferies Financial Group Inc. bought a new position in shares of AXT in the 3rd quarter valued at $52,000. Finally, Global Retirement Partners LLC bought a new position in shares of AXT in the 2nd quarter valued at $55,000. Institutional investors own 49.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group set a $90.00 price target on AXT in a research note on Friday, July 31st. Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday, June 3rd. B. Riley Financial decreased their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

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.