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

AXT Inc (NASDAQ:AXTI) Director David Chang sold 8,333 shares of the company’s stock in a transaction dated 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 transaction, the director owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

AXT Trading Up 1.8%

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

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The business had revenue of $26.92 million for the quarter, compared to the consensus estimate 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. As a group, sell-side analysts predict that AXT Inc will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On AXT

A number of institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC raised its stake in AXT by 6.8% during the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 408 shares during the period. American Capital Advisory LLC purchased a new position in AXT during the first quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in AXT during the first quarter worth about $31,000. Leonteq Securities AG purchased a new position in AXT during the first quarter worth about $57,000. Finally, KBC Group NV purchased a new position in AXT during the first quarter worth about $88,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AXTI. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. UBS Group set a $35.00 price target on shares of AXT in a research note on Tuesday, February 17th. B. Riley Financial raised their price target on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Wedbush raised their price target on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Northland Securities set a $125.00 price target on shares of AXT in a research note on Wednesday, June 3rd. Two equities research 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 data from MarketBeat.com, AXT currently has an average rating of “Hold” and a consensus price target of $43.80.

About AXT

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.