AXT (NASDAQ:AXTI) CEO Morris Young Sells 123,601 Shares

AXT Inc (NASDAQ:AXTI) CEO Morris Young sold 123,601 shares of AXT stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the transaction, the chief executive officer owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

AXT Stock Performance

Shares of AXT stock opened at $106.70 on Thursday. AXT Inc has a one year low of $1.67 and a one year high of $143.16. The company has a market cap of $6.98 billion, a price-to-earnings ratio of -344.18 and a beta of 1.80. The business’s 50 day moving average price is $88.03 and its 200 day moving average price is $46.15.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, analysts predict that AXT Inc will post 0.2 EPS for the current fiscal year.

Institutional Trading of AXT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC raised its position in AXT by 6.8% in the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after purchasing an additional 408 shares during the period. American Capital Advisory LLC purchased a new stake in AXT in the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in AXT in the first quarter valued at $31,000. Leonteq Securities AG acquired a new position in AXT in the first quarter valued at $57,000. Finally, KBC Group NV acquired a new position in AXT in the first quarter valued at $88,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AXTI shares. B. Riley Financial lifted their price objective on AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group set a $35.00 price target on shares of AXT in a research report on Tuesday, February 17th. Wedbush lifted their price target on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.