Key Points
- AXT CEO Morris Young sold 73,897 shares on June 1 at an average price of $112.39, totaling about $8.3 million. After the sale, he still owned 2.26 million shares, and the transaction trimmed his stake by 3.16%.
- AXT stock fell 3.7% following the insider sale, while shares have been highly volatile over the past year, ranging from a low of $1.67 to a high of $143.16.
- The company recently reported a smaller-than-expected quarterly loss of $0.01 per share and revenue of $26.92 million, and it guided for Q2 2026 EPS of $0.06 to $0.08. Analysts currently rate the stock a consensus Hold with a $43.80 price target.
AXT Inc (NASDAQ:AXTI - Get Free Report) CEO Morris Young sold 73,897 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $112.39, for a total value of $8,305,283.83. Following the completion of the sale, the chief executive officer owned 2,261,328 shares of the company's stock, valued at $254,150,653.92. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
AXT Stock Down 3.7%
NASDAQ:AXTI opened at $106.70 on Thursday. The stock's 50-day simple moving average is $88.03 and its 200 day simple moving average is $46.15. The firm has a market capitalization of $6.98 billion, a PE ratio of -344.18 and a beta of 1.80. AXT Inc has a twelve month low of $1.67 and a twelve month high of $143.16.
AXT (NASDAQ:AXTI - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share 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 analyst estimates of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, analysts anticipate that AXT Inc will post 0.2 EPS for the current fiscal year.
Hedge Funds Weigh In On AXT
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXTI. American Capital Advisory LLC purchased a new position in shares of AXT in the 1st quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of AXT in the 1st quarter worth about $31,000. XTX Topco Ltd purchased a new position in shares of AXT in the 2nd quarter worth about $42,000. Jefferies Financial Group Inc. purchased a new position in shares of AXT in the 3rd quarter worth about $52,000. Finally, Leonteq Securities AG purchased a new position in shares of AXT in the 1st quarter worth about $57,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on AXTI. UBS Group set a $35.00 target price on AXT in a report on Tuesday, February 17th. Weiss Ratings raised AXT from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, May 27th. B. Riley Financial raised their price objective on AXT to $21.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Northland Securities set a $125.00 price objective on AXT in a research note on Wednesday. Finally, Wall Street Zen raised AXT from a "sell" rating to a "hold" rating in a research report on Saturday, February 14th. 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 stock. According to data from MarketBeat.com, AXT currently has a consensus rating of "Hold" and a consensus price target of $43.80.
Check Out Our Latest Research Report on AXT
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.
Further Reading
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