Insider Selling: AXT (NASDAQ:AXTI) Director Sells 8,800 Shares of Stock

March 6, 2026 by InsiderTrades.com

Key Points

AXT director David Chang sold 20,000 shares for $770,600, reducing his stake by 15.07%; the article notes sizable insider sales this week (including the CEO), a negative signal that may intensify near‑term selling pressure.
Q4 results missed expectations—revenue $23.04M vs. $24.24M est. and EPS ($0.05) vs. ($0.04) est.—and the company remains unprofitable, with the stock trading down about 2.3% to $37.90.
Institutional interest is rising (large new stakes by CloudAlpha, Alyeska, Jane Street) even as analysts are mixed; consensus rating is "Hold" with an average price target of $22.80.

AXT Inc (NASDAQ:AXTI - Get Free Report) Director Jesse Chen sold 8,800 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $38.83, for a total value of $341,704.00. Following the completion of the transaction, the director owned 178,211 shares of the company's stock, valued at $6,919,933.13. This represents a 4.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jesse Chen also recently made the following trade(s):

On Thursday, March 5th, Jesse Chen sold 11,147 shares of AXT stock. The shares were sold at an average price of $38.26, for a total value of $426,484.22.
On Tuesday, March 3rd, Jesse Chen sold 11,007 shares of AXT stock. The stock was sold at an average price of $40.49, for a total value of $445,673.43.
On Monday, March 2nd, Jesse Chen sold 11,320 shares of AXT stock. The stock was sold at an average price of $45.59, for a total value of $516,078.80.

AXT Stock Down 6.2%

AXTI traded down $2.42 during midday trading on Friday, hitting $36.37. 4,215,610 shares of the company traded hands, compared to its average volume of 8,074,994. The company's 50-day moving average is $24.12 and its 200 day moving average is $13.19. The firm has a market capitalization of $2.01 billion, a PE ratio of -75.77 and a beta of 1.75. AXT Inc has a 52 week low of $1.13 and a 52 week high of $47.03.

AXT (NASDAQ:AXTI - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $23.04 million for the quarter, compared to analysts' expectations of $24.24 million. AXT had a negative net margin of 24.07% and a negative return on equity of 10.59%. On average, sell-side analysts predict that AXT Inc will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AXTI. UBS Group set a $35.00 price objective on AXT in a report on Tuesday, February 17th. Wall Street Zen upgraded AXT from a "sell" rating to a "hold" rating in a research note on Saturday, February 14th. B. Riley Financial upped their price target on shares of AXT to $21.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. Northland Securities set a $20.00 price objective on shares of AXT in a report on Monday, December 22nd. Finally, Wedbush boosted their target price on shares of AXT from $8.50 to $28.00 and gave the company an "outperform" rating in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, AXT currently has a consensus rating of "Hold" and a consensus price target of $22.80.

View Our Latest Research Report on AXT

More AXT News

Here are the key news stories impacting AXT this week:

Positive Sentiment: Large institutional buyers added or established meaningful Q4 positions (e.g., Davidson Kempner, Point72, Jane Street, CloudAlpha, Alyeska, Maytree), which can supply underlying demand and support the stock over time. Read More.
Positive Sentiment: Recent bullish commentary highlights AXT as a play on compound‑semiconductor substrates (GaAs/InP/GaN), which may attract sector investors chasing secular demand in RF/wireless and optoelectronics. Read More.
Neutral Sentiment: Analyst coverage is mixed (buy/hold/sell split) and the consensus price target sits below recent trading, so analyst action is unlikely to be an immediate directional catalyst. Read More.
Neutral Sentiment: Reported short‑interest data in public feeds is inconsistent/zero, so there’s no clear short‑squeeze or mounting short pressure explaining today's move.
Negative Sentiment: Significant insider selling this week: CEO Morris Young sold 159,536 shares (~$6.9M at reported averages) and directors Jesse Chen and David C. Chang sold sizable blocks — a strong near‑term negative signal that likely increased selling pressure. Read More.
Negative Sentiment: Q4 FY2025 results: revenue (~$23.0M) and EPS (miss) kept the company unprofitable and produced negative margins — fundamentals that justify caution until revenue/profitability trends improve. Read More.
Negative Sentiment: Net insider activity in recent weeks is heavily skewed to selling with few reported insider buys, which is a governance/sentiment headwind that often triggers short‑term outflows. Read More.

Institutional Investors Weigh In On AXT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CloudAlpha Capital Management Limited Hong Kong purchased a new position in AXT during the fourth quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. purchased a new stake in shares of AXT in the fourth quarter worth $20,187,000. Jane Street Group LLC raised its position in shares of AXT by 1,314.6% during the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company's stock valued at $14,790,000 after purchasing an additional 840,650 shares during the period. White Pine Capital LLC lifted its stake in shares of AXT by 2.8% during the 2nd quarter. White Pine Capital LLC now owns 860,411 shares of the semiconductor company's stock valued at $1,798,000 after buying an additional 23,467 shares in the last quarter. Finally, Maytree Asset Management Ltd purchased a new position in shares of AXT during the 4th quarter valued at $11,156,000. Institutional investors own 49.52% of the company's stock.

AXT Company Profile

(Get Free Report)

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.