Insider Selling: AXT (NASDAQ:AXTI) Director Sells $139,950.00 in Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 1,500 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $93.30, for a total transaction of $139,950.00. Following the completion of the sale, the director owned 87,447 shares in the company, valued at $8,158,805.10. This represents a 1.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 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.
• 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 Up 10.0%

NASDAQ AXTI opened at $97.18 on Friday. The company has a fifty day moving average of $92.50 and a two-hundred day moving average of $49.86. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of -313.47 and a beta of 1.80. AXT Inc has a 52 week low of $1.80 and a 52 week high of $143.16.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $26.92 million during the quarter, compared to analyst estimates 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 anticipate that AXT Inc will post 0.2 EPS for the current year.

Analyst Upgrades and Downgrades

AXTI has been the subject of several recent analyst reports. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. UBS Group set a $35.00 price objective on shares of AXT in a research note on Tuesday, February 17th. Wedbush lifted their price objective 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. Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday, June 3rd. Finally, B. Riley Financial lifted their price objective on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.80.

Institutional Trading of AXT

Large investors have recently made changes to their positions in the stock. American Capital Advisory LLC purchased a new stake in shares of AXT during the first quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of AXT during the first quarter valued at $31,000. XTX Topco Ltd purchased a new stake in shares of AXT during the second quarter valued at $42,000. Jefferies Financial Group Inc. purchased a new stake in shares of AXT during the third quarter valued at $52,000. Finally, Leonteq Securities AG purchased a new stake in shares of AXT during the first quarter valued at $57,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

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.