Morris Young Sells 73,897 Shares of AXT (NASDAQ:AXTI) Stock

AXT Inc (NASDAQ:AXTI) CEO Morris Young sold 73,897 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $112.39, for a total transaction of $8,305,283.83. Following the completion of the transaction, the chief executive officer owned 2,261,328 shares of the company’s stock, valued at $254,150,653.92. This trade represents a 3.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

AXT Stock Performance

Shares of NASDAQ:AXTI opened at $105.99 on Friday. AXT Inc has a 52-week low of $1.67 and a 52-week high of $143.16. The firm has a fifty day moving average of $88.78 and a 200 day moving average of $46.83. The firm has a market capitalization of $6.93 billion, a PE ratio of -341.89 and a beta of 1.80.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $26.92 million during the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, sell-side analysts forecast that AXT Inc will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on AXTI. Wedbush upped their target price on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Northland Securities set a $125.00 target price on shares of AXT in a research report on Wednesday. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. UBS Group set a $35.00 price target on shares of AXT in a research note on Tuesday, February 17th. Finally, Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.80.

Institutional Trading of AXT

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in AXT by 112.0% in the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $44,234,000 after purchasing an additional 410,181 shares during the last quarter. Janus Henderson Group PLC bought a new stake in AXT in the first quarter worth $1,395,000. California State Teachers Retirement System bought a new stake in AXT in the first quarter worth $3,670,000. Royal Bank of Canada raised its stake in shares of AXT by 38.8% during the first quarter. Royal Bank of Canada now owns 15,229 shares of the semiconductor company’s stock valued at $868,000 after acquiring an additional 4,255 shares during the last quarter. Finally, Rokos Capital Management LLP bought a new position in shares of AXT during the first quarter valued at about $18,842,000. 49.52% of the stock is owned by institutional investors.

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.