AXT (NASDAQ:AXTI) Director Sells $44,795.00 in Stock

AXT Inc (NASDAQ:AXTI) Director Leonard Leblanc sold 500 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $89.59, for a total transaction of $44,795.00. Following the completion of the transaction, the director directly owned 119,129 shares in the company, valued at $10,672,767.11. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AXT Price Performance

Shares of AXTI opened at $70.74 on Friday. AXT Inc has a 1-year low of $2.50 and a 1-year high of $143.16. The stock has a market cap of $4.64 billion, a PE ratio of 3,537.00 and a beta of 1.90. The firm has a fifty day moving average price of $67.22 and a 200 day moving average price of $67.67.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on AXTI shares. Northland Securities set a $125.00 price target on AXT in a research report on Wednesday, June 3rd. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Friday, July 31st. Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. UBS Group set a $90.00 target price on shares of AXT in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Institutional Investors Weigh In On AXT

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in AXT in the 2nd quarter valued at $365,607,000. CloudAlpha Capital Management Limited Hong Kong purchased a new position in AXT during the 4th quarter worth $22,738,000. Alyeska Investment Group L.P. purchased a new position in AXT during the 4th quarter worth $20,187,000. Assenagon Asset Management S.A. lifted its stake in shares of AXT by 161.9% in 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 lifted its stake in shares of AXT by 1,314.6% in 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 period. 49.52% of the stock is owned by institutional investors and hedge funds.

AXT Company Profile

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.