AXT (NASDAQ:AXTI) Director Jesse Chen Sells 6,172 Shares

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 6,172 shares of AXT stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $115.24, for a total transaction of $711,261.28. Following the sale, the director owned 50,275 shares of the company’s stock, valued at approximately $5,793,691. This trade represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, June 12th, Jesse Chen sold 13,000 shares of AXT stock. The stock was sold at an average price of $95.77, for a total transaction of $1,245,010.00.
• 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 Up 1.8%

Shares of AXTI stock traded up $1.69 during trading hours on Wednesday, hitting $94.73. 3,364,864 shares of the company were exchanged, compared to its average volume of 10,253,961. The firm has a market cap of $6.20 billion, a PE ratio of -305.59 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 has a fifty day moving average of $94.46 and a 200 day moving average of $51.44.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The business had revenue of $26.92 million for 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. Analysts expect that AXT Inc will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC raised its holdings in AXT by 6.8% in the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after buying an additional 408 shares during the period. American Capital Advisory LLC purchased a new position in AXT in the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in AXT in the first quarter valued at approximately $31,000. Leonteq Securities AG purchased a new position in AXT in the first quarter valued at approximately $57,000. Finally, KBC Group NV purchased a new position in AXT in the first quarter valued at approximately $88,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Northland Securities set a $125.00 price objective on shares of AXT in a report on Wednesday, June 3rd. Wedbush increased their price objective on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. UBS Group set a $35.00 price objective on shares of AXT in a report on Tuesday, February 17th. Finally, B. Riley Financial raised their price target on shares of AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Two investment 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 MarketBeat, AXT presently has an average rating of “Hold” and a consensus price target of $43.80.

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.