Leonard Leblanc Sells 500 Shares of AXT (NASDAQ:AXTI) Stock

AXT Inc (NASDAQ:AXTI) Director Leonard Leblanc sold 500 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $89.59, for a total transaction of $44,795.00. Following the sale, the director owned 119,129 shares in the company, valued at approximately $10,672,767.11. This trade represents a 0.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

AXT Stock Performance

Shares of AXT stock traded down $8.88 during trading on Wednesday, hitting $73.43. The company’s stock had a trading volume of 15,148,270 shares, compared to its average volume of 10,545,666. The company has a fifty day simple moving average of $68.30 and a two-hundred day simple moving average of $66.86. The company has a market capitalization of $4.80 billion, a PE ratio of 3,671.50 and a beta of 1.90. AXT Inc has a 52 week low of $2.20 and a 52 week high of $143.16.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data 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 net margin of 3.23% and a return on equity of 0.96%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, analysts predict that AXT Inc will post 0.8 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on AXTI shares. UBS Group set a $90.00 price target on AXT in a research note on Friday, July 31st. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Friday, July 31st. Northland Securities set a $125.00 target price on AXT in a report on Wednesday, June 3rd. B. Riley Financial cut their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Trending Headlines about AXT

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

Institutional Investors Weigh In On AXT

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in AXT in the 2nd quarter valued at approximately $365,607,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of AXT in the 4th quarter worth $22,738,000. Alyeska Investment Group L.P. bought a new stake in shares of AXT in the 4th quarter worth $20,187,000. Assenagon Asset Management S.A. raised its stake 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 worth $85,775,000 after purchasing an additional 930,526 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of 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 purchasing an additional 840,650 shares during the last quarter. 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.