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

AXT Inc (NASDAQ:AXTI) Director David Chang sold 8,333 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 65,165 shares of the company’s stock, valued at $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

AXT Trading Down 8.2%

AXTI opened at $84.57 on Friday. The company has a fifty day moving average price of $96.24 and a two-hundred day moving average price of $52.54. AXT Inc has a 1-year low of $1.80 and a 1-year high of $143.16. The company has a market cap of $5.53 billion, a P/E ratio of -272.80 and a beta of 1.80.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On AXT

Large investors have recently bought and sold shares of the stock. American Capital Advisory LLC bought a new stake in shares of AXT in the 1st quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of AXT during the first quarter valued at about $31,000. XTX Topco Ltd purchased a new position in AXT during the second quarter worth about $42,000. Jefferies Financial Group Inc. bought a new stake in AXT in the 3rd quarter worth about $52,000. Finally, Leonteq Securities AG purchased a new stake in AXT in the 1st quarter valued at about $57,000. 49.52% of the stock is currently owned by institutional investors.

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.