Insider Selling: AXT Inc (AXTI) CEO Sells 30,000 Shares of Stock

AXT Inc (NASDAQ:AXTI) CEO Morris S. Young sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $9.76, for a total value of $292,800.00. Following the completion of the sale, the chief executive officer now directly owns 1,211,970 shares of the company’s stock, valued at $11,828,827.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Morris S. Young also recently made the following trade(s):

  • On Tuesday, November 7th, Morris S. Young sold 50,000 shares of AXT stock. The shares were sold at an average price of $8.86, for a total value of $443,000.00.

AXT Inc (NASDAQ AXTI) traded down $0.50 during trading hours on Wednesday, reaching $8.45. The company had a trading volume of 847,653 shares, compared to its average volume of 600,926. The firm has a market cap of $338.36, a PE ratio of 36.25, a P/E/G ratio of 1.95 and a beta of 1.11. AXT Inc has a 1-year low of $4.55 and a 1-year high of $10.75.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Wednesday, October 25th. The semiconductor company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.02. The business had revenue of $28.17 million during the quarter, compared to analysts’ expectations of $27.05 million. AXT had a return on equity of 5.67% and a net margin of 9.96%. The firm’s revenue for the quarter was up 28.8% compared to the same quarter last year. During the same period last year, the firm posted $0.07 EPS. equities analysts forecast that AXT Inc will post 0.25 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. increased its stake in AXT by 94.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,550 shares of the semiconductor company’s stock worth $197,000 after acquiring an additional 10,451 shares during the period. KBC Group NV increased its stake in AXT by 172.7% during the 3rd quarter. KBC Group NV now owns 84,342 shares of the semiconductor company’s stock worth $772,000 after acquiring an additional 53,413 shares during the period. Dimensional Fund Advisors LP increased its stake in AXT by 7.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,082,666 shares of the semiconductor company’s stock worth $28,206,000 after acquiring an additional 205,384 shares during the period. Wells Fargo & Company MN increased its stake in AXT by 8.6% during the 3rd quarter. Wells Fargo & Company MN now owns 469,913 shares of the semiconductor company’s stock worth $4,300,000 after acquiring an additional 37,188 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in AXT during the 3rd quarter worth $203,000. 60.36% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. BidaskClub cut AXT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research cut AXT from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. B. Riley lifted their price target on AXT from $8.50 to $8.75 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $11.00 price target (up from $10.00) on shares of AXT in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.95.

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About AXT

AXT, Inc (AXT) is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. The Company is engaged in the design, development, manufacture and distribution of compound semiconductor substrates and sale of materials.

Insider Buying and Selling by Quarter for AXT (NASDAQ:AXTI)

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