AXT (NASDAQ:AXTI) Director Jesse Chen Sells 13,000 Shares

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 13,000 shares of AXT stock in a transaction on Friday, June 12th. The stock was sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the sale, the director directly owned 56,447 shares of the company’s stock, valued at $5,405,929.19. This represents a 18.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, June 10th, Jesse Chen sold 9,000 shares of AXT stock. The stock was 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 stock was sold at an average price of $93.30, for a total transaction of $139,950.00.
• On Monday, June 8th, Jesse Chen sold 6,000 shares of AXT stock. The stock was sold at an average price of $94.00, for a total transaction of $564,000.00.
• On Thursday, June 4th, Jesse Chen sold 6,133 shares of AXT stock. The stock was 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 stock was sold at an average price of $111.36, for a total transaction of $445,440.00.

AXT Stock Performance

AXTI traded up $15.46 during trading on Monday, reaching $112.64. 8,863,554 shares of the company’s stock were exchanged, compared to its average volume of 10,274,093. The company’s fifty day moving average price is $92.50 and its 200-day moving average price is $50.14. AXT Inc has a fifty-two week low of $1.80 and a fifty-two week high of $143.16. The firm has a market capitalization of $7.37 billion, a PE ratio of -364.42 and a beta of 1.80.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results 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. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The company had revenue of $26.92 million during the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Research analysts forecast that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AXTI shares. Wedbush boosted their price target on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Northland Securities set a $125.00 price target on shares of AXT in a report on Wednesday, June 3rd. B. Riley Financial boosted their price target on shares of AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. UBS Group set a $35.00 price target on shares of AXT in a report on Tuesday, February 17th. Finally, Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.80.

Institutional Investors Weigh In On AXT

Institutional investors have recently added to or reduced their stakes in the stock. American Capital Advisory LLC bought a new stake in AXT in the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in AXT in the 1st quarter valued at $31,000. Leonteq Securities AG bought a new stake in AXT in the 1st quarter valued at $57,000. KBC Group NV bought a new stake in AXT in the 1st quarter valued at $88,000. Finally, SG Americas Securities LLC bought a new stake in AXT in the 1st quarter valued at $108,000. 49.52% of the stock is owned by institutional investors.

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.