David Chang Sells 8,333 Shares of AXT (NASDAQ:AXTI) Stock

AXT Inc (NASDAQ:AXTI) Director David Chang sold 8,333 shares of AXT stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction of $926,379.61. Following the sale, the director owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AXT Stock Up 1.8%

Shares of AXTI traded up $1.69 during trading on Wednesday, reaching $94.73. 3,364,864 shares of the company traded hands, compared to its average volume of 10,253,961. AXT Inc has a twelve month low of $1.80 and a twelve month high of $143.16. The stock has a market cap of $6.20 billion, a PE ratio of -305.59 and a beta of 1.80. The stock has a 50-day simple moving average of $94.46 and a 200-day simple moving average of $51.44.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The business had revenue of $26.92 million during 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 research analysts predict that AXT Inc will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its holdings in shares of AXT by 161.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after purchasing an additional 930,526 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new position in AXT in the fourth quarter worth approximately $22,738,000. Alyeska Investment Group L.P. purchased a new position in AXT in the fourth quarter worth approximately $20,187,000. Jane Street Group LLC lifted its stake in AXT by 1,314.6% in the fourth 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 last quarter. Finally, Bank of America Corp DE lifted its stake in AXT by 112.0% in the first 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 last quarter. Institutional investors and hedge funds own 49.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. B. Riley Financial lifted their price target on shares of AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. 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. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Finally, UBS Group set a $35.00 price objective on shares of AXT in a report on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average 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.