David Chang Sells 20,000 Shares of AXT (NASDAQ:AXTI) Stock

AXT Inc (NASDAQ:AXTI) Director David Chang sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $38.53, for a total transaction of $770,600.00. Following the completion of the transaction, the director directly owned 112,744 shares in the company, valued at approximately $4,344,026.32. This represents a 15.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

AXT Trading Down 16.6%

Shares of AXT stock opened at $32.37 on Friday. The company has a 50 day moving average of $24.46 and a 200-day moving average of $13.40. AXT Inc has a 1-year low of $1.13 and a 1-year high of $47.03. The company has a market cap of $1.79 billion, a PE ratio of -67.44 and a beta of 1.75.

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

Trending Headlines about AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Major institutional investors built sizable Q4 positions (e.g., Davidson Kempner, Point72, Jane Street, CloudAlpha, Alyeska), which provides underlying demand and longer‑term support for the stock.
• Positive Sentiment: Street commentary highlights AXT’s exposure to compound‑semiconductor substrates (GaAs/InP/GaN), a secular area in RF/wireless and optoelectronics that can attract growth‑oriented sector buyers. Read More.
• Neutral Sentiment: Analyst coverage is mixed (buy/hold/sell split) and the consensus price target sits below recent trading, so analyst notes are unlikely to be an immediate directional catalyst. Read More.
• Neutral Sentiment: Public short‑interest data appears inconsistent/zero in feeds, so there’s no clear short‑squeeze explanation for today’s move; technical momentum has been strong but may be decelerating. Read More.
• Negative Sentiment: Significant insider selling this week: CEO Morris Young sold ~159,536 shares (~$6.9M at reported averages) and directors Jesse Chen and David C. Chang sold large blocks across multiple days — a strong near‑term negative that likely increased selling pressure. Read More. • Read More.
• Negative Sentiment: Q4 FY2025 results missed revenue and EPS expectations (revenue ≈ $23.0M; EPS miss), and the company remains unprofitable with negative margins — fundamentals that justify caution until revenue/profitability trends improve. Read More.
• Negative Sentiment: Net insider activity in recent weeks is heavily skewed to selling with few reported buys, a governance/sentiment headwind that likely exacerbated short‑term outflows and contributed to today’s decline. Read More.

Institutional Trading of AXT

Hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in shares of AXT by 12.4% in the third quarter. Assenagon Asset Management S.A. now owns 22,952 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 2,540 shares during the period. Jefferies Financial Group Inc. boosted its position in AXT by 30.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 14,967 shares of the semiconductor company’s stock worth $245,000 after buying an additional 3,467 shares during the period. State of Wyoming acquired a new stake in AXT during the 4th quarter worth approximately $69,000. Kestra Advisory Services LLC bought a new stake in AXT during the 4th quarter worth approximately $98,000. Finally, Algert Global LLC grew its holdings in AXT by 31.9% during the 3rd quarter. Algert Global LLC now owns 28,800 shares of the semiconductor company’s stock worth $129,000 after acquiring an additional 6,970 shares during the last quarter. 49.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.