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

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 6,172 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the transaction, the director owned 50,275 shares in the company, valued at $5,793,691. This represents a 10.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value 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 value 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 value 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 value 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 value 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 value of $445,440.00.

AXT Stock Down 1.0%

NASDAQ:AXTI opened at $92.11 on Thursday. The stock’s 50 day moving average price is $95.46 and its 200 day moving average price is $52.01. The company has a market capitalization of $6.03 billion, a PE ratio of -297.12 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 released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $26.92 million for the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, sell-side analysts anticipate that AXT Inc will post 0.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. B. Riley Financial lifted their target price on AXT to $21.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Wedbush lifted their target price on AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, AXT presently has a consensus rating of “Hold” and an average target price of $43.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. American Capital Advisory LLC acquired a new stake in shares of AXT in the 1st quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of AXT in the 1st quarter valued at approximately $31,000. Leonteq Securities AG acquired a new stake in shares of AXT in the 1st quarter valued at approximately $57,000. KBC Group NV acquired a new stake in shares of AXT in the 1st quarter valued at approximately $88,000. Finally, SG Americas Securities LLC acquired a new stake in shares of AXT in the 1st quarter valued at approximately $108,000. 49.52% of the stock is currently 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.