AXT (NASDAQ:AXTI) Director Jesse Chen Sells 6,000 Shares

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 6,000 shares of AXT stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $94.00, for a total transaction of $564,000.00. Following the transaction, the director directly owned 88,947 shares in the company, valued at $8,361,018. This represents a 6.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, June 10th, Jesse Chen sold 9,000 shares of AXT stock. The shares were sold at an average price of $86.73, for a total transaction of $780,570.00.
• On Tuesday, June 9th, Jesse Chen sold 1,500 shares of AXT stock. The shares were sold at an average price of $93.30, for a total transaction of $139,950.00.
• 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 Wednesday, June 3rd, Jesse Chen sold 4,000 shares of AXT stock. The shares were sold at an average price of $111.36, for a total transaction of $445,440.00.
• 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 shares were sold at an average price of $48.95, for a total transaction of $293,846.85.

AXT Price Performance

AXT stock opened at $85.29 on Thursday. The stock has a market cap of $5.58 billion, a P/E ratio of -275.12 and a beta of 1.80. AXT Inc has a 1 year low of $1.80 and a 1 year high of $143.16. The firm’s 50 day moving average price is $90.87 and its 200-day moving average price is $48.97.

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

Key AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Investor optimism around AI infrastructure demand has boosted AXT as traders view the company’s indium phosphide substrates as a beneficiary of the AI buildout. AXT Inc. (AXTI) Gets 8.8% Jump from AI Optimism
• Positive Sentiment: Quiver Quant said AXT’s move was driven by the AI-driven indium phosphide growth story and short-squeeze dynamics, which can add momentum when buyers start covering positions. AXT shares jump as AI-driven indium phosphide growth narrative and short-squeeze dynamics resurface
• Positive Sentiment: Analysts and market commentary highlighted AXT’s more than $100 million backlog, suggesting demand remains strong even though execution depends on export approvals. AXT’s $100M Backlog Sounds Bullish, But Can Export Risks Derail Growth?
• Neutral Sentiment: The company’s annual meeting approved governance changes and an increase in authorized shares, which gives AXT more flexibility for future capital raising and expansion, but also leaves open the possibility of dilution. AXT Shareholders Approve Governance Changes and Share Increase
• Negative Sentiment: Recent insider selling by director Jesse Chen may weigh on sentiment, even though insider sales do not necessarily reflect near-term business fundamentals. AXT Insider Makes Major Move With High-Value Stock Sale

Analysts Set New Price Targets

AXTI has been the topic of several recent analyst reports. B. Riley Financial lifted their price objective on shares of AXT to $21.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Wall Street Zen upgraded shares of AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group set a $35.00 price target on shares of AXT in a research report on Tuesday, February 17th. Wedbush boosted their price target on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Finally, Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two 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’s stock. According to MarketBeat.com, AXT currently has a consensus rating of “Hold” and a consensus price target of $43.80.

Institutional Investors Weigh In On AXT

Large investors have recently bought and sold shares of the business. American Capital Advisory LLC bought a new stake in AXT in the first quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in AXT in the first quarter worth $31,000. XTX Topco Ltd purchased a new position in AXT during the second quarter worth $42,000. Jefferies Financial Group Inc. purchased a new position in AXT during the third quarter worth $52,000. Finally, Leonteq Securities AG purchased a new position in AXT during the first quarter worth $57,000. Institutional investors own 49.52% of the company’s stock.

AXT Company Profile

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.