New insider activity at AXT ( (AXTI) ) has taken place on February 27, 2025.
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Chairman & CEO Morris Young has made a significant move by purchasing 30,000 shares of AXT stock, with the transaction valued at $40,800.
Recent Updates on AXTI stock
AXT Inc. recently held its Q4 earnings call, revealing a mixed outlook for the company. While AXT reported a significant 31% revenue increase for fiscal year 2024 driven by expansion in data center and wireless markets, the fourth quarter presented challenges such as declining gross margins and increased operating expenses. The company faced setbacks due to export restrictions in China, which are expected to delay sales and impact revenue streams. Despite these hurdles, AXT’s subsidiary, Beijing Tongmei Xtal Technology Co., Ltd., is advancing its IPO process on Shanghai’s STAR market, which could enhance AXT’s market presence. Analysts have adjusted price targets based on these developments, particularly noting the potential valuation of Tongmei as a hidden asset.
More about AXT
YTD Price Performance: -40.18%
Average Trading Volume: 532,494
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $58.62M