Insider Selling: AXT (NASDAQ:AXTI) Director Sells $920,000.00 in Stock

AXT Inc (NASDAQ:AXTI) Director David Chang sold 20,000 shares of AXT stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $46.00, for a total value of $920,000.00. Following the completion of the sale, the director directly owned 72,744 shares in the company, valued at approximately $3,346,224. This represents a 21.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

AXT Stock Up 4.6%

AXTI stock opened at $48.86 on Friday. The company has a market cap of $2.70 billion, a price-to-earnings ratio of -101.79 and a beta of 1.75. AXT Inc has a twelve month low of $1.13 and a twelve month high of $51.98. The business has a 50 day moving average price of $27.38 and a two-hundred day moving average price of $14.96.

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

Hedge Funds Weigh In On AXT

Large investors have recently modified their holdings of the stock. State of Wyoming bought a new stake in shares of AXT during the 4th quarter worth about $69,000. Kestra Advisory Services LLC acquired a new position in AXT in the 4th quarter valued at about $98,000. Oasis Management Co Ltd. bought a new position in AXT in the 4th quarter valued at about $164,000. Osaic Holdings Inc. lifted its position in AXT by 1,071.5% during the fourth quarter. Osaic Holdings Inc. now owns 11,012 shares of the semiconductor company’s stock worth $180,000 after acquiring an additional 10,072 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in AXT during the third quarter worth approximately $52,000. 49.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on AXTI. B. Riley Financial lifted their price objective on shares of AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. UBS Group set a $35.00 target price on shares of AXT in a report on Tuesday, February 17th. Needham & Company LLC downgraded shares of AXT from a “buy” rating to a “hold” rating in a research note on Tuesday, January 20th. Craig Hallum reissued a “buy” rating on shares of AXT in a research report on Friday, January 9th. Finally, Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, AXT presently has an average rating of “Hold” and an average target price of $22.80.

Key Stories Impacting AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Shares jumped roughly 14.9% on heavy volume, signaling short‑term buying momentum and renewed investor interest that can attract momentum traders. Read More.
• Neutral Sentiment: Unusually high options volume was reported, indicating speculative positioning that can amplify intraday moves and volatility—useful for traders but risky for longer‑term investors. Read More.
• Neutral Sentiment: Coverage highlights AXT’s indium‑phosphide capabilities and potential to benefit from AI/optics demand — a strategic narrative that could support higher valuation if revenue follows, but it’s not yet a confirmed revenue catalyst. Read More.
• Neutral Sentiment: Reported short‑interest figures show zero shares (likely a reporting anomaly). Treat published “0” short interest with caution until exchanges/clearing update official data—don’t infer a true absence of shorts from that number.
• Negative Sentiment: Significant insider selling by senior management and directors: CEO Morris S. Young sold 30,832 shares (~$45.60 avg) and directors including David C. Chang and Jesse Chen sold large blocks on March 10–11 (multiple filings). The concentrated, multi‑executive sell‑off (seven+ filings) is material and can pressure sentiment despite the rally. Coverage and SEC filings: Read More. SEC filing examples: Read More., Read More..

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.