Insider Selling: AXT (NASDAQ:AXTI) CEO Sells $14,007,701.33 in Stock

AXT Inc (NASDAQ:AXTI) CEO Morris Young sold 123,601 shares of AXT stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the sale, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. This trade represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AXT Stock Performance

AXT stock opened at $89.04 on Friday. AXT Inc has a fifty-two week low of $1.72 and a fifty-two week high of $143.16. The company has a market capitalization of $5.82 billion, a P/E ratio of -287.22 and a beta of 1.80. The stock has a 50-day simple moving average of $89.22 and a 200-day simple moving average of $47.12.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The business had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, analysts forecast that AXT Inc will post 0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

AXTI has been the subject of several research reports. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. B. Riley Financial boosted their target price on AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Wedbush upped their price objective on AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research note 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. Finally, UBS Group set a $35.00 price objective on 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, AXT presently has a consensus rating of “Hold” and a consensus target price of $43.80.

Key AXT News

Here are the key news stories impacting AXT this week:

• Negative Sentiment: CEO Morris Young and Director Jesse Chen disclosed multiple stock sales over the past few days, including large transactions that trimmed their ownership stakes. Heavy insider selling can weigh on sentiment because it may signal that management views the shares as fully valued or prefers to reduce exposure at current levels. SEC filing for Jesse Chen sale
• Negative Sentiment: Traders bought 42,750 put options, about 58% above normal daily volume, suggesting a notable increase in bearish bets or hedging activity on AXT shares.
• Neutral Sentiment: Recent commentary highlighted AXT’s order backlog topping $100 million and management’s plan to double capacity in 2026 and again in 2027, reflecting strong AI-related demand for indium phosphide substrates. Article: AXT’s Order Backlog Surge & Capacity Push Fuel Growth Expectations
• Neutral Sentiment: The company’s latest earnings beat expectations modestly and Q2 guidance called for adjusted EPS of $0.06 to $0.08, but the business remains unprofitable on a net basis, which keeps the stock sensitive to execution and margin concerns.

Institutional Investors Weigh In On AXT

A number of institutional investors and hedge funds have recently modified their holdings of AXTI. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of AXT in the 4th quarter worth approximately $22,738,000. Alyeska Investment Group L.P. acquired a new stake in shares of AXT in the 4th quarter worth approximately $20,187,000. Assenagon Asset Management S.A. grew its holdings in shares of AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after acquiring an additional 930,526 shares during the period. Jane Street Group LLC grew its holdings in shares of AXT by 1,314.6% in the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after acquiring an additional 840,650 shares during the period. Finally, Ariose Capital Management Ltd acquired a new stake in shares of AXT in the 1st quarter worth approximately $39,061,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

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.