AXT Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:AHV Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
02 Dec 25	Sell€496,670	David Chang	Individual	50,000	€10.63
17 Nov 25	Sell€296,930	Morris Young	Individual	33,130	€8.96
13 Nov 25	Sell€882,149	Gary Fischer	Individual	101,297	€8.71
07 Nov 25	Sell€26,415	Leonard LeBlanc	Individual	3,637	€7.26
06 Nov 25	Sell€174,380	Gary Fischer	Individual	22,675	€7.69
05 Nov 25	Sell€616,620	Gary Fischer	Individual	80,235	€8.02
05 Nov 25	Sell€778,888	David Chang	Individual	100,000	€7.79
03 Nov 25	Sell€600,040	Morris Young	Individual	80,000	€7.50
25 Feb 25	Buy€38,981	Morris Young	Individual	30,000	€1.30

Insider Trading Volume

Insider Buying: AHV insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of AHV?
Owner Type	Number of Shares	Ownership Percentage
Hedge Funds	2,939,000	6.57%
Individual Insiders	3,470,314	7.75%
Institutions	12,631,144	28.2%
General Public	25,709,712	57.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 39.63% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
6.57%	Cleveland Capital Management, LLC	2,939,000	€29.6m	0%	93.73%
5.5%	Morris Young	2,461,360	€24.8m	13.8%	no data
4.92%	The Vanguard Group, Inc.	2,202,871	€22.2m	-3%	no data
4.01%	Pacific Ridge Capital Partners, LLC	1,793,797	€18.1m	-2.28%	4.35%
3.87%	First Beijing Investment Ltd.	1,730,156	€17.4m	0%	0.59%
1.66%	Driehaus Capital Management LLC	742,790	€7.5m	0%	0.04%
1.61%	White Pine Capital LLC	719,829	€7.3m	-16.3%	2.15%
1.56%	BlackRock, Inc.	696,761	€7.0m	1.2%	no data
1.38%	Morgan Stanley	615,619	€6.2m	-2.25%	no data
1.13%	Susquehanna International Group, LLP	503,638	€5.1m	543%	0.01%
1%	Geode Capital Management, LLC	447,698	€4.5m	0.33%	no data
0.91%	Citadel Advisors LLC	405,978	€4.1m	557%	no data
0.81%	Gary Fischer	361,997	€3.6m	-12.5%	no data
0.74%	Needham Investment Management, LLC	330,900	€3.3m	-15.9%	0.24%
0.49%	GSA Capital Partners LLP	218,873	€2.2m	-55.1%	0.21%
0.47%	Jesse Chen	209,338	€2.1m	0%	no data
0.46%	David Chang	207,744	€2.1m	-32.5%	no data
0.46%	Qube Research & Technologies Ltd	205,822	€2.1m	39.8%	no data
0.41%	State Street Global Advisors, Inc.	184,215	€1.9m	21.1%	no data
0.36%	Penn Capital Management Company, LLC	162,342	€1.6m	0%	0.14%
0.31%	Two Sigma Investments, LP	139,808	€1.4m	-17%	no data
0.27%	Bridgeway Capital Management, LLC	121,284	€1.2m	-44.5%	0.02%
0.27%	Leonard LeBlanc	118,875	€1.2m	-2.97%	no data
0.25%	Wade Massad	111,000	€1.1m	0%	no data
0.23%	Destination Wealth Management	101,900	€1.0m	0%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/03 12:29
End of Day Share Price	2025/12/03 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AXT, Inc. is covered by 7 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ku Kang	B. Riley Securities, Inc.
Hamed Khorsand	BWS Financial Inc.
Richard Shannon	Craig-Hallum Capital Group LLC