Insider Selling: AXT (NASDAQ:AXTI) Director Sells $926,379.61 in Stock

AXT Inc (NASDAQ:AXTI) Director David Chang sold 8,333 shares of the firm’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 sale, the director directly 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 filing with the SEC, which is accessible through this link.

AXT Stock Performance

Shares of AXT stock opened at $84.57 on Friday. The firm’s 50-day simple moving average is $96.87 and its 200-day simple moving average is $52.76. AXT Inc has a 1 year low of $1.80 and a 1 year high of $143.16. The firm has a market cap of $5.53 billion, a PE ratio of -272.80 and a beta of 1.80.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The firm had revenue of $26.92 million for the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, equities analysts predict that AXT Inc will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On AXT

A number of hedge funds have recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its position in shares of 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 buying an additional 930,526 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new stake in AXT during the 4th quarter valued at $22,738,000. Alyeska Investment Group L.P. bought a new stake in AXT during the 4th quarter valued at $20,187,000. Jane Street Group LLC boosted its position in AXT by 1,314.6% during 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 during the period. Finally, Bank of America Corp DE boosted its position in AXT by 112.0% during the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after acquiring an additional 410,181 shares during the period. Institutional investors own 49.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Wedbush raised their price target on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Finally, B. Riley Financial upped their price objective on AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, AXT has an average rating of “Hold” and an average price target of $43.80.

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.