AXT (NASDAQ:AXTI) Director David Chang Sells 20,000 Shares

06 Mar 2026, 11:36 by Doug Wharley · The Cerbat Gem

AXT Inc (NASDAQ:AXTI – Get Free Report) Director David Chang sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $38.53, for a total transaction of $770,600.00. Following the completion of the sale, the director directly owned 112,744 shares in the company, valued at approximately $4,344,026.32. This trade represents a 15.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

AXT Stock Performance

AXTI stock traded down $0.89 during midday trading on Friday, reaching $37.90. 2,978,787 shares of the company’s stock traded hands, compared to its average volume of 8,047,060. AXT Inc has a 52 week low of $1.13 and a 52 week high of $47.03. The firm has a market capitalization of $2.09 billion, a PE ratio of -78.96 and a beta of 1.75. The company has a 50-day moving average price of $24.12 and a two-hundred day moving average price of $13.19.

AXT (NASDAQ:AXTI – Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $23.04 million during the quarter, compared to analysts’ expectations of $24.24 million. AXT had a negative net margin of 24.07% and a negative return on equity of 10.59%. As a group, analysts predict that AXT Inc will post -0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On AXT

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in AXT in the fourth quarter worth about $69,000. Kestra Advisory Services LLC purchased a new stake in shares of AXT during the fourth quarter valued at $98,000. Oasis Management Co Ltd. bought a new stake in shares of AXT in the fourth quarter worth approximately $164,000. Osaic Holdings Inc. boosted its stake in shares of AXT by 1,071.5% in the 4th quarter. Osaic Holdings Inc. now owns 11,012 shares of the semiconductor company’s stock worth $180,000 after buying an additional 10,072 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in AXT in the third quarter worth about $52,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on AXTI shares. B. Riley Financial boosted their price target on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Northland Securities set a $20.00 price objective on AXT in a report on Monday, December 22nd. Wedbush increased their target price on AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Craig Hallum reiterated a “buy” rating on shares of AXT in a research report on Friday, January 9th. Finally, Needham & Company LLC cut shares of AXT from a “buy” rating to a “hold” rating in a report on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.80.

Read Our Latest Analysis on AXT

Key AXT News

Here are the key news stories impacting AXT this week:

Positive Sentiment: Institutional buys in Q4 (e.g., Davidson Kempner, Point72, others) suggest some durable demand and longer‑term backing for the stock; this can help support the share price over time. MarketBeat institutional note
Positive Sentiment: Recent bullish commentary highlights AXT as a semiconductor‑equipment/compound‑semiconductor play, which may attract sector investors given secular demand for GaAs/InP/GaN substrates. InsiderMonkey article
Neutral Sentiment: Analyst coverage is mixed — a handful of buy/hold/ sell ratings and an average consensus target below recent trading — creating an ambiguous catalyst for direction. Analyst summary
Neutral Sentiment: Reported short‑interest data feeds are inconsistent/zero in recent reports, so there’s no clear short‑interest narrative (squeeze or buildup) driving today’s move.
Negative Sentiment: Large insider sales: CEO Morris Young sold 159,536 shares (~$6.9M at reported average) and multiple directors (including Jesse Chen and David C. Chang) sold sizeable blocks this week — a strong negative sentiment signal likely intensifying near‑term selling pressure. SEC filing: CEO sale SEC filing
Negative Sentiment: Q4 FY2025 results showed revenue of ~$23.0M (below some estimates) and an EPS miss; the company remains unprofitable with negative net margins — fundamentals that can weigh on sentiment until growth/profitability improves.
Negative Sentiment: Aggregate insider activity in recent weeks is net selling with few reported buys, a governance/sentiment headwind that often prompts short‑term outflows. TipRanks coverage

About AXT

(Get Free Report)

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.