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 that occurred on Tuesday, March 10th. The stock was sold at an average price of $46.00, for a total value of $920,000.00. Following the completion of the sale, the director owned 72,744 shares of the company’s stock, valued at $3,346,224. This represents a 21.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

AXT Trading Up 4.6%

AXTI opened at $48.86 on Friday. The stock has a market cap of $2.70 billion, a PE ratio of -101.79 and a beta of 1.75. AXT Inc has a 1 year low of $1.13 and a 1 year high of $51.98. The stock’s 50 day simple moving average is $27.38 and its 200-day simple moving average is $14.88.

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

More AXT News

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..

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AXTI. Craig Hallum restated a “buy” rating on shares of AXT in a research note on Friday, January 9th. UBS Group set a $35.00 target price on shares of AXT in a research report on Tuesday, February 17th. Northland Securities set a $20.00 target price on shares of AXT in a research note on Monday, December 22nd. B. Riley Financial increased their price target on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded shares of 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 issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of AXT in the 4th quarter worth about $22,738,000. Alyeska Investment Group L.P. acquired a new stake in shares of AXT during the 4th quarter worth about $20,187,000. Jane Street Group LLC lifted its holdings in AXT by 1,314.6% during the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after purchasing an additional 840,650 shares during the last quarter. Maytree Asset Management Ltd acquired a new position in AXT in the fourth quarter valued at about $11,156,000. Finally, Assenagon Asset Management S.A. boosted its position in AXT by 2,404.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 574,828 shares of the semiconductor company’s stock valued at $9,398,000 after buying an additional 551,876 shares in the last quarter. 49.52% of the stock is owned by institutional investors.

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.