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

Posted by Hanz Christensen on Jun 12th, 2026

AXT Inc (NASDAQ:AXTI – Get Free Report) Director Jesse Chen sold 6,000 shares of the stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $94.00, for a total transaction of $564,000.00. Following the completion of the transaction, the director directly owned 88,947 shares of the company’s stock, valued at approximately $8,361,018. The trade was a 6.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 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.
On Friday, March 13th, Jesse Chen sold 8,083 shares of AXT stock. The stock was 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.

AXT Stock Performance

Shares of AXTI opened at $88.34 on Friday. The stock has a market cap of $5.78 billion, a PE ratio of -284.96 and a beta of 1.80. AXT Inc has a fifty-two week low of $1.80 and a fifty-two week high of $143.16. The firm’s 50-day simple moving average is $91.50 and its two-hundred day simple moving average is $49.52.

AXT (NASDAQ:AXTI – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The business 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. Equities research analysts predict that AXT Inc will post 0.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AXTI. Northland Securities set a $125.00 price objective on shares of AXT in a report on Wednesday, June 3rd. Wall Street Zen upgraded shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Wedbush increased 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. B. Riley Financial increased their price target on shares of AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.80.

Get Our Latest Research Report on AXT

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in AXT by 112.0% during the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after purchasing an additional 410,181 shares during the period. Janus Henderson Group PLC bought a new position in AXT during the first quarter valued at approximately $1,395,000. California State Teachers Retirement System bought a new position in AXT during the first quarter valued at approximately $3,670,000. Royal Bank of Canada lifted its position in AXT by 38.8% during the first quarter. Royal Bank of Canada now owns 15,229 shares of the semiconductor company’s stock valued at $868,000 after purchasing an additional 4,255 shares during the period. Finally, Rokos Capital Management LLP bought a new position in AXT during the first quarter valued at approximately $18,842,000. Institutional investors own 49.52% of the company’s stock.

Key AXT News

Here are the key news stories impacting AXT this week:

Positive Sentiment: Investor enthusiasm around AI infrastructure has lifted AXT, with traders viewing its indium phosphide products as a key beneficiary of data-center optical connectivity demand. AXT Inc. (AXTI) Gets 8.8% Jump from AI Optimism
Positive Sentiment: Quiver Quant highlighted renewed momentum in AXT’s AI-driven growth narrative and noted elevated short interest, which can amplify gains if short sellers are forced to cover. AXT shares jump as AI-driven indium phosphide growth narrative and short-squeeze dynamics resurface
Positive Sentiment: Analysts and commentary pointed to AXT’s backlog topping $100 million, suggesting demand remains solid even as export approvals remain a key near-term gatekeeper. AXT’s $100M Backlog Sounds Bullish, But Can Export Risks Derail Growth?
Neutral Sentiment: AXT shareholders approved governance changes and a higher authorized share count, giving the company more flexibility to fund expansion, though it also leaves open the possibility of future dilution. AXT Shareholders Approve Governance Changes and Share Increase
Negative Sentiment: Recent insider selling by director Jesse Chen may pressure sentiment, especially since multiple sales have been disclosed over the past several days. AXT Insider Makes Major Move With High-Value Stock Sale

About AXT

(Get Free Report)

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.