AXT (NASDAQ:AXTI) Director Jesse Chen Sells 15,000 Shares of Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 15,000 shares of AXT stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $47.13, for a total value of $706,950.00. Following the sale, the director directly owned 123,612 shares of the company’s stock, valued at $5,825,833.56. This trade represents a 10.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, March 10th, Jesse Chen sold 14,000 shares of AXT stock. The stock was sold at an average price of $46.15, for a total value of $646,100.00.
• On Monday, March 9th, Jesse Chen sold 12,452 shares of AXT stock. The shares were sold at an average price of $37.69, for a total value of $469,315.88.
• On Friday, March 6th, Jesse Chen sold 2,000 shares of AXT stock. The stock was sold at an average price of $36.63, for a total value of $73,260.00.
• On Thursday, March 5th, Jesse Chen sold 11,147 shares of AXT stock. The stock was sold at an average price of $38.26, for a total value of $426,484.22.
• On Wednesday, March 4th, Jesse Chen sold 8,800 shares of AXT stock. The shares were sold at an average price of $38.83, for a total value of $341,704.00.
• On Tuesday, March 3rd, Jesse Chen sold 11,007 shares of AXT stock. The shares were sold at an average price of $40.49, for a total transaction of $445,673.43.
• On Monday, March 2nd, Jesse Chen sold 11,320 shares of AXT stock. The stock was sold at an average price of $45.59, for a total transaction of $516,078.80.

AXT Price Performance

Shares of NASDAQ:AXTI traded up $3.76 during trading on Friday, hitting $50.49. 6,989,667 shares of the company were exchanged, compared to its average volume of 8,459,487. The stock has a market capitalization of $2.79 billion, a P/E ratio of -104.92 and a beta of 1.75. AXT Inc has a 12-month low of $1.13 and a 12-month high of $51.98. The firm’s 50 day moving average price is $26.73 and its 200-day moving average price is $14.56.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, February 19th. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). AXT had a negative net margin of 24.07% and a negative return on equity of 10.59%. The company had revenue of $23.04 million during the quarter, compared to analysts’ expectations of $24.24 million. As a group, equities research analysts anticipate that AXT Inc will post -0.12 EPS for the current year.

Institutional Trading of AXT

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in AXT during the 4th quarter worth approximately $22,738,000. Alyeska Investment Group L.P. purchased a new stake in shares of AXT during the fourth quarter worth approximately $20,187,000. Jane Street Group LLC raised its stake in shares of AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after purchasing an additional 840,650 shares during the last quarter. White Pine Capital LLC lifted its holdings in shares of AXT by 2.8% during the second quarter. White Pine Capital LLC now owns 860,411 shares of the semiconductor company’s stock worth $1,798,000 after purchasing an additional 23,467 shares during the period. Finally, Maytree Asset Management Ltd acquired a new stake in shares of AXT during the fourth quarter worth $11,156,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

More AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Shares jumped sharply (reported ~14.9% gain) on heavy volume, suggesting strong short-term buying momentum and renewed investor interest. Read More.
• Neutral Sentiment: Unusually high options volume was reported, indicating speculative or directional positioning by traders that can amplify intraday moves. Read More.
• Neutral Sentiment: Analyst/coverage feature examining AXT’s indium phosphide position and potential to benefit from AI demand — a strategic narrative that can support a higher valuation if revenue follows. Read More.
• Neutral Sentiment: Short-interest data in reports shows 0 shares (likely a data/reporting anomaly). That makes short-interest-driven squeezes hard to interpret from the published figures alone; ignore the raw zero number until exchanges/clearing update official data.
• Negative Sentiment: Significant insider selling by top executives: multiple SEC filings show CEO Morris S. Young and directors sold substantial blocks on March 10–11 (CEO sale reported 30,832 shares at ~$45.60; Director David C. Chang sold 20,000 at $46.00; Director Jesse Chen sold 14,000 and 15,000 at ~ $46–$47). Aggregated coverage and filings point to a material, coordinated sell-off that can weigh on sentiment despite current momentum. See coverage and SEC filings: Read More.; Morris SEC filing: Read More.; Chang filing: Read More.; Chen filings: Read More.; additional coverage: Read More.

Wall Street Analyst Weigh In

AXTI has been the subject of several research reports. Needham & Company LLC downgraded AXT from a “buy” rating to a “hold” rating in a report on Tuesday, January 20th. Craig Hallum restated a “buy” rating on shares of AXT in a research note on Friday, January 9th. B. Riley Financial lifted their price target on AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. UBS Group set a $35.00 price objective on AXT in a research note on Tuesday, February 17th. Finally, Northland Securities set a $20.00 target price on shares of AXT in a research report on Monday, December 22nd. Two 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.80.

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.