Key Points
- Director David Chang sold 25,000 AXT shares on Dec. 9 at an average price of $14.84 for proceeds of $371,000, and now owns 132,744 shares—a 15.85% reduction in his stake (SEC filing).
- AXT shares recently opened at $15.51 with a one‑year range of $1.13–$15.53 and a market cap of about $723M; the company has negative margins and P/E but last quarter reported EPS of ($0.04) that beat estimates and revenue of $27.96M that topped expectations.
- Analyst views are mixed—three Buys and one Sell yield an average rating of "Moderate Buy" with a $9 price target—and institutional investors own roughly 49.5% of the stock with several recent stake increases.
AXT Inc (NASDAQ:AXTI - Get Free Report) Director David Chang sold 25,000 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $14.84, for a total value of $371,000.00. Following the sale, the director owned 132,744 shares of the company's stock, valued at $1,969,920.96. This represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
AXT Price Performance
Shares of AXT stock opened at $15.51 on Thursday. The business's 50 day simple moving average is $8.33 and its two-hundred day simple moving average is $4.60. The stock has a market capitalization of $723.08 million, a P/E ratio of -29.83 and a beta of 1.97. AXT Inc has a one year low of $1.13 and a one year high of $15.53.
AXT (NASDAQ:AXTI - Get Free Report) last issued its earnings results on Thursday, October 30th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.08. AXT had a negative net margin of 25.22% and a negative return on equity of 11.19%. The firm had revenue of $27.96 million for the quarter, compared to analysts' expectations of $19.85 million. Sell-side analysts expect that AXT Inc will post -0.12 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on AXTI. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AXT in a research note on Wednesday, October 8th. Wedbush set a $7.00 price objective on AXT and gave the stock an "outperform" rating in a research report on Wednesday, October 29th. B. Riley upped their target price on AXT from $4.00 to $9.00 and gave the company a "buy" rating in a report on Friday, October 31st. Needham & Company LLC lifted their price target on shares of AXT from $5.00 to $10.00 and gave the company a "buy" rating in a report on Friday, October 31st. Finally, Wall Street Zen raised shares of AXT from a "sell" rating to a "hold" rating in a research note on Saturday, November 22nd. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $9.00.
Get Our Latest Analysis on AXT
Institutional Investors Weigh In On AXT
Several hedge funds have recently bought and sold shares of the business. Algert Global LLC bought a new position in shares of AXT during the first quarter valued at approximately $31,000. Jacobs Levy Equity Management Inc. raised its stake in AXT by 75.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 530,269 shares of the semiconductor company's stock valued at $748,000 after buying an additional 227,333 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of AXT by 2.8% in the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company's stock worth $412,000 after acquiring an additional 8,039 shares during the last quarter. Atlas Brown Inc. grew its stake in shares of AXT by 100.0% in the second quarter. Atlas Brown Inc. now owns 39,150 shares of the semiconductor company's stock worth $82,000 after acquiring an additional 19,575 shares during the last quarter. Finally, Creative Planning bought a new position in shares of AXT during the second quarter valued at $86,000. Institutional investors own 49.52% of the company's stock.
AXT Company Profile
(
Get Free Report)
AXT, Inc designs, develops, manufactures, and distributes compound and single element semiconductor substrates. The company offers indium phosphide for use in data center connectivity using light/lasers, high-speed data transfer in data centers, 5G communications, fiber optic lasers and detectors, consumer devices, passive optical networks, silicon photonics, photonic integrated circuits, thermo-photovoltaics, RF amplifier and switching, infrared light-emitting diode (LEDS) motion control, lidar for robotics and autonomous vehicles, and infrared thermal imaging.
Further Reading
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