AXT (NASDAQ:AXTI) Director Sells 2,000 Shares

AXT Inc (NASDAQ:AXTI) Director Leonard Leblanc sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $88.31, for a total transaction of $176,620.00. Following the completion of the sale, the director owned 117,129 shares of the company’s stock, valued at $10,343,661.99. This trade represents a 1.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

AXT Price Performance

AXT stock traded down $8.88 during mid-day trading on Wednesday, reaching $73.43. The company had a trading volume of 15,148,270 shares, compared to its average volume of 10,545,666. The stock’s 50-day simple moving average is $68.30 and its 200-day simple moving average is $66.86. AXT Inc has a 1 year low of $2.20 and a 1 year high of $143.16. The company has a market capitalization of $4.80 billion, a P/E ratio of 3,671.50 and a beta of 1.90.

AXT (NASDAQ:AXTI) last announced its quarterly 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. The business had revenue of $47.59 million for the quarter, compared to analyst estimates 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, equities analysts forecast that AXT Inc will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AXTI has been the topic of a number of research reports. Weiss Ratings raised shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday. UBS Group set a $90.00 price target on shares of AXT in a research report on Friday, July 31st. Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $77.00.

AXT News Summary

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

Hedge Funds Weigh In On AXT

A number of large investors have recently bought and sold shares of the stock. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of AXT in the 4th quarter valued at $22,738,000. Maytree Asset Management Ltd purchased a new position in shares of AXT in the 4th quarter worth $11,156,000. California State Teachers Retirement System acquired a new position in AXT in the first quarter valued at $3,670,000. Janus Henderson Group PLC acquired a new position in AXT in the first quarter valued at $1,395,000. Finally, Bank of America Corp DE grew its position in AXT by 112.0% during the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after acquiring an additional 410,181 shares during the period. Hedge funds and other institutional investors own 49.52% of the company’s stock.

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.