Morris Young Sells 123,601 Shares of AXT (NASDAQ:AXTI) Stock

AXT Inc (NASDAQ:AXTI) CEO Morris Young sold 123,601 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the completion of the sale, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. This represents a 5.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AXT Stock Down 0.7%

AXTI opened at $105.99 on Friday. AXT Inc has a 12 month low of $1.67 and a 12 month high of $143.16. The company has a fifty day simple moving average of $88.78 and a 200 day simple moving average of $46.83. The stock has a market cap of $6.93 billion, a P/E ratio of -341.89 and a beta of 1.80.

AXT (NASDAQ:AXTI) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The business had revenue of $26.92 million during the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, equities research analysts expect that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AXT

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC lifted its stake in AXT by 6.8% in the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after purchasing an additional 408 shares during the last quarter. American Capital Advisory LLC acquired a new stake in AXT in the 1st quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in AXT in the 1st quarter valued at about $31,000. Leonteq Securities AG acquired a new stake in AXT in the 1st quarter valued at about $57,000. Finally, KBC Group NV acquired a new stake in AXT in the 1st quarter valued at about $88,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group set a $35.00 price objective on shares of AXT in a research report on Tuesday, February 17th. Wedbush upped their price objective on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Northland Securities set a $125.00 price objective on shares of AXT in a research report on Wednesday. B. Riley Financial upped 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. Finally, Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.80.

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.