Key Points
- Insider selling: Director Jesse Chen sold multiple large blocks of AXT stock across March 2–11, totaling about 85,726 shares (including 14,000 on Mar 10 at $46.15 and 15,000 on Mar 11 at $47.13), part of a broader, material sell-off by company leadership.
- AXT shares jumped ~8.1% to $50.49 on heavy volume, but the company recently missed quarterly EPS (‑$0.05 vs. estimate ‑$0.04), has negative margins and ROE, and carries a consensus analyst rating of "Hold" with an average price target of $22.80.
AXT Inc (NASDAQ:AXTI - Get Free Report) Director Jesse Chen sold 14,000 shares of the company's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $46.15, for a total value of $646,100.00. Following the completion of the transaction, the director owned 138,612 shares of the company's stock, valued at $6,396,943.80. The trade was a 9.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Jesse Chen also recently made the following trade(s):
- On Wednesday, March 11th, Jesse Chen sold 15,000 shares of AXT stock. The stock was sold at an average price of $47.13, for a total transaction of $706,950.00.
- On Monday, March 9th, Jesse Chen sold 12,452 shares of AXT stock. The shares were sold at an average price of $37.69, for a total transaction of $469,315.88.
- On Friday, March 6th, Jesse Chen sold 2,000 shares of AXT stock. The shares were sold at an average price of $36.63, for a total transaction of $73,260.00.
- On Thursday, March 5th, Jesse Chen sold 11,147 shares of AXT stock. The stock was sold at an average price of $38.26, for a total transaction of $426,484.22.
- On Wednesday, March 4th, Jesse Chen sold 8,800 shares of AXT stock. The shares were sold at an average price of $38.83, for a total transaction of $341,704.00.
- On Tuesday, March 3rd, Jesse Chen sold 11,007 shares of AXT stock. The shares were sold at an average price of $40.49, for a total transaction 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 transaction of $516,078.80.
AXT Trading Up 8.1%
NASDAQ:AXTI traded up $3.76 during mid-day trading on Friday, hitting $50.49. The company's stock had a trading volume of 6,989,667 shares, compared to its average volume of 8,459,487. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of -104.92 and a beta of 1.75. AXT Inc has a fifty-two week low of $1.13 and a fifty-two week high of $51.98. The stock has a fifty day moving average of $26.73 and a 200-day moving average of $14.56.
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 analysts' consensus estimates of ($0.04) by ($0.01). AXT had a negative net margin of 24.07% and a negative return on equity of 10.59%. The company had revenue of $23.04 million for the quarter, compared to analyst estimates of $24.24 million. On average, equities analysts anticipate that AXT Inc will post -0.12 earnings per share for the current fiscal year.
Institutional Trading of AXT
Several large investors have recently made changes to their positions in AXTI. Pinpoint Asset Management Singapore Pte. Ltd. increased its stake in shares of AXT by 2,333,600.0% in the third quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 23,337 shares of the semiconductor company's stock valued at $105,000 after buying an additional 23,336 shares in the last quarter. Wesbanco Bank Inc. acquired a new position in AXT during the 3rd quarter worth about $112,000. White Pine Capital LLC grew its holdings in AXT by 2.8% during the 2nd quarter. White Pine Capital LLC now owns 860,411 shares of the semiconductor company's stock worth $1,798,000 after acquiring an additional 23,467 shares during the last quarter. Assenagon Asset Management S.A. increased its position in AXT by 12.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 22,952 shares of the semiconductor company's stock valued at $103,000 after acquiring an additional 2,540 shares in the last quarter. Finally, Jefferies Financial Group Inc. increased its position in AXT by 30.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 14,967 shares of the semiconductor company's stock valued at $245,000 after acquiring an additional 3,467 shares in the last quarter. Institutional investors own 49.52% of the company's stock.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Craig Hallum reiterated a "buy" rating on shares of AXT in a research note on Friday, January 9th. Wall Street Zen raised shares of AXT from a "sell" rating to a "hold" rating in a report on Saturday, February 14th. Northland Securities set a $20.00 target price on shares of AXT in a research report on Monday, December 22nd. B. Riley Financial boosted 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. Finally, Wedbush upped their price objective 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. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $22.80.
Check Out Our Latest Report on AXT
AXT News Summary
Here are the key news stories impacting AXT this week:
- Positive Sentiment: Shares jumped sharply (reported ~14.9% gain) on heavy volume, suggesting strong short-term buying momentum and renewed investor interest. Read More.
- Neutral Sentiment: Unusually high options volume was reported, indicating speculative or directional positioning by traders that can amplify intraday moves. Read More.
- Neutral Sentiment: Analyst/coverage feature examining AXT’s indium phosphide position and potential to benefit from AI demand — a strategic narrative that can support a higher valuation if revenue follows. Read More.
- Neutral Sentiment: Short-interest data in reports shows 0 shares (likely a data/reporting anomaly). That makes short-interest-driven squeezes hard to interpret from the published figures alone; ignore the raw zero number until exchanges/clearing update official data.
- Negative Sentiment: Significant insider selling by top executives: multiple SEC filings show CEO Morris S. Young and directors sold substantial blocks on March 10–11 (CEO sale reported 30,832 shares at ~$45.60; Director David C. Chang sold 20,000 at $46.00; Director Jesse Chen sold 14,000 and 15,000 at ~ $46–$47). Aggregated coverage and filings point to a material, coordinated sell-off that can weigh on sentiment despite current momentum. See coverage and SEC filings: Read More.; Morris SEC filing: Read More.; Chang filing: Read More.; Chen filings: Read More.; additional coverage: Read More.
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.
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