Jesse Chen Sells 4,000 Shares of AXT (NASDAQ:AXTI) Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $111.36, for a total value of $445,440.00. Following the transaction, the director directly owned 100,326 shares of the company’s stock, valued at $11,172,303.36. The trade was a 3.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Jesse Chen also recently made the following trade(s):

• On Thursday, June 4th, Jesse Chen sold 6,133 shares of AXT stock. The shares were sold at an average price of $108.28, for a total transaction of $664,081.24.
• On Friday, March 13th, Jesse Chen sold 8,083 shares of AXT stock. The shares were sold at an average price of $50.25, for a total transaction of $406,170.75.
• On Thursday, March 12th, Jesse Chen sold 6,003 shares of AXT stock. The stock was sold at an average price of $48.95, for a total transaction of $293,846.85.
• On Wednesday, March 11th, Jesse Chen sold 15,000 shares of AXT stock. The stock was sold at an average price of $47.13, for a total transaction of $706,950.00.
• On Tuesday, March 10th, Jesse Chen sold 14,000 shares of AXT stock. The shares were sold at an average price of $46.15, for a total transaction of $646,100.00.
• On Monday, March 9th, Jesse Chen sold 12,452 shares of AXT stock. The stock was sold at an average price of $37.69, for a total transaction of $469,315.88.

AXT Stock Down 16.0%

NASDAQ:AXTI traded down $16.95 during midday trading on Friday, hitting $89.04. The company had a trading volume of 9,679,701 shares, compared to its average volume of 10,342,892. The company has a market capitalization of $5.82 billion, a PE ratio of -287.22 and a beta of 1.80. AXT Inc has a 52-week low of $1.72 and a 52-week high of $143.16. The stock’s fifty day moving average price is $88.78 and its 200-day moving average price is $46.83.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The business had revenue of $26.92 million for the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, research analysts forecast that AXT Inc will post 0.2 earnings per share for the current year.

Institutional Trading of AXT

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of AXT in the fourth quarter worth approximately $22,738,000. Maytree Asset Management Ltd purchased a new stake in AXT during the 4th quarter valued at $11,156,000. Destination Wealth Management bought a new stake in AXT in the 3rd quarter worth $458,000. Penn Capital Management Company LLC bought a new stake in AXT in the 3rd quarter worth $729,000. Finally, Allworth Financial LP increased its position in shares of AXT by 3,764.7% in the fourth quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company’s stock valued at $190,000 after acquiring an additional 11,294 shares during the period. Institutional investors own 49.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AXTI. UBS Group set a $35.00 target price on AXT in a research report on Tuesday, February 17th. Wedbush lifted their price target on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday. Finally, Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.80.

About AXT

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.

AXT’s product portfolio encompasses a variety of wafer sizes, dopant concentrations and crystal orientations, tailored to meet the precise specifications of its customers.