AXT (NASDAQ:AXTI) Director Sells $176,620.00 in Stock

AXT Inc (NASDAQ:AXTI) Director Leonard Leblanc sold 2,000 shares of AXT stock in a transaction on Friday, August 7th. The shares were sold at an average price of $88.31, for a total transaction of $176,620.00. Following the completion of the sale, the director owned 117,129 shares in the company, valued at $10,343,661.99. The trade was a 1.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

AXT Price Performance

Shares of NASDAQ:AXTI opened at $70.74 on Friday. The company’s 50-day moving average price is $67.22 and its two-hundred day moving average price is $67.67. AXT Inc has a one year low of $2.50 and a one year high of $143.16. The stock has a market capitalization of $4.64 billion, a PE ratio of 3,537.00 and a beta of 1.90.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. The company had revenue of $47.59 million during the quarter, compared to analysts’ expectations of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, analysts anticipate that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AXTI shares. Northland Securities set a $125.00 price target on AXT in a research report on Wednesday, June 3rd. UBS Group set a $90.00 price objective on AXT in a report on Friday, July 31st. Weiss Ratings raised shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial lowered their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AXT has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

Hedge Funds Weigh In On AXT

A number of hedge funds and other institutional investors have recently bought and sold shares of AXTI. BlackRock Inc. bought a new stake in AXT in the second quarter valued at approximately $365,607,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of AXT in the fourth quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. bought a new position in shares of AXT during the 4th quarter worth approximately $20,187,000. Assenagon Asset Management S.A. boosted its stake in shares of AXT by 161.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after acquiring an additional 930,526 shares during the period. Finally, Jane Street Group LLC increased its holdings 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 worth $14,790,000 after acquiring an additional 840,650 shares during the last quarter. Institutional investors own 49.52% of the company’s stock.

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.