AXT (NASDAQ:AXTI) Director Leonard Leblanc Sells 500 Shares of Stock

AXT Inc (NASDAQ:AXTI) Director Leonard Leblanc sold 500 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $89.59, for a total value of $44,795.00. Following the transaction, the director directly owned 119,129 shares of the company’s stock, valued at approximately $10,672,767.11. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

AXT Trading Down 10.8%

Shares of NASDAQ:AXTI opened at $73.43 on Thursday. The firm has a 50 day simple moving average of $68.06 and a 200-day simple moving average of $67.26. AXT Inc has a twelve month low of $2.20 and a twelve month high of $143.16. The company has a market capitalization of $4.82 billion, a PE ratio of 3,671.50 and a beta of 1.90.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. AXT had a return on equity of 0.96% and a net margin of 3.23%.The firm had revenue of $47.59 million for 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 research analysts predict that AXT Inc will post 0.8 EPS for the current fiscal year.

Institutional Trading of AXT

Institutional investors have recently modified their holdings of the business. American Capital Advisory LLC acquired a new stake in AXT in the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of AXT in the 1st quarter valued at about $31,000. XTX Topco Ltd acquired a new stake in shares of AXT in the second quarter valued at about $42,000. Jefferies Financial Group Inc. purchased a new stake in AXT during the third quarter worth about $52,000. Finally, Global Retirement Partners LLC acquired a new position in AXT during the second quarter worth about $55,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

AXT News Roundup

Here are the key news stories impacting AXT this week:

• Positive Sentiment: AXT’s record InP revenue, backlog exceeding $100 million and planned capacity expansion point to a potentially multiyear growth opportunity as AI data centers drive demand for optical components. AXT’s InP Demand Is Surging: Can It Become a Long-Term Growth Driver?
• Positive Sentiment: Recent reports attributed prior strength in AXTI to tightening indium phosphide supply and new AI-related deals, supporting the view that AXT could benefit from increased optical-networking demand. Why AXT Is Up 11.6% After Indium Phosphide Supply Tightens Amid New AI Deals
• Neutral Sentiment: Tradr launched an exchange-traded fund featuring AXT and other optics and AI companies. The product could increase trading visibility and investor access, but its direct effect on AXT’s fundamentals remains uncertain. Tradr Debuts First-to-Market ETFs on Meta, AXT, Coherent & Lightwave Logic
• Negative Sentiment: AXTI has been caught in a broad selloff across optics and AI-hardware stocks as investors reassess the pace of AI spending and take profits after substantial sector gains. This risk-off backdrop is offsetting the company’s favorable InP demand outlook. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Director Leonard Leblanc sold 4,000 AXTI shares for approximately $384,280 on August 17, following additional sales of 2,000 shares in August and 500 shares in June. Although he still owns more than 113,000 shares, the repeated transactions may raise a modest insider-confidence concern. Leonard Leblanc Sells 4,000 Shares of AXT Stock

Wall Street Analysts Forecast Growth

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

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.