AXT (AXTI) Insider David Chang Sells $926K of Stock

David Chang, an insider at AXT, Inc., sold 8,333 shares of the company on June 15, 2026. The shares were sold at an average price of $111.17 each, amounting to a total transaction value of $926,379.61. This transaction was not part of a pre-planned trading program.

Other Institutional Activity in AXT, Inc.

Jane Street Group significantly boosted its position in AXT, Inc., adding 1,521,633 shares to hold a total of 2,426,232 shares valued at about $138.25 million. Vanguard Capital Management also increased its stake, acquiring 2,278,403 shares worth approximately $129.82 million. Meanwhile, E20 Capital Ltd reduced its holdings by 973,731 shares, leaving it with 2,068,550 shares valued at around $117.87 million. Assenagon Asset Management S.A. grew its stake by 930,526 shares to a total of 1,505,354 shares valued at $85.78 million. Morgan Stanley added 553,005 shares, bringing its total to 1,443,634 shares worth about $82.26 million.

AXT, Inc. Stock Up 49.6%

Shares of AXT, Inc. (NasdaqGS: AXTI) traded near $93.04. The company has a market capitalization of approximately $6.09 billion and a forward P/E ratio of 123.72. Its beta is 1.811, indicating a higher volatility compared to the broader market. Over the past 52 weeks, the stock has ranged from a low of $1.80 to a high of $143.16. The 50-day moving average is $94.84, while the 200-day moving average stands at $38.05. AXT, Inc. maintains a current ratio of 2.593 and a quick ratio of 1.422, with a debt-to-equity ratio of 23.021.

Insider Buying and Selling at AXT, Inc.

In addition to David Chang's sale, several other insider transactions occurred in mid-June 2026. Jesse Chen sold a total of 28,172 shares over several days at prices ranging from $86.73 to $115.24. On June 12, CEO Morris Young sold 1,200 shares at no disclosed price.

Analysts Set New Price Targets

On May 1, 2026, Wedbush maintained a 'buy' rating for AXT, Inc. with a price target of $93.00. Earlier in the year, B. Riley Securities downgraded the stock to a 'hold' with a price target of $18.00 on January 9, 2026. The consensus among analysts is a 'buy' rating with a mean target price of $96.50, based on four analyst opinions.

About AXT, Inc.

AXT, Inc., headquartered in Fremont, California, designs and manufactures semiconductor substrates used in various applications such as data center connectivity, 5G communications, and consumer devices. Led by CEO Dr. Morris S. Young, the company employs 1,541 people and operates in the semiconductor equipment and materials industry. AXT's products include indium phosphide, gallium arsenide substrates, and germanium substrates, serving markets in the United States, China, Europe, and beyond.

Bottom Line

David Chang's sale of shares in AXT, Inc. is one of several insider transactions reported recently. Investors often monitor such transactions for potential insights into company sentiment. Institutional activity has been robust, with significant changes in holdings by major funds. While the stock's forward P/E ratio suggests high expectations, investors should consider the broader market context and upcoming earnings on July 30, 2026. As always, remember that insider and institutional transactions are backward-looking indicators.