AXT (NASDAQ:AXTI) Director Sells $1,245,010.00 in Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 13,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the sale, the director owned 56,447 shares of the company’s stock, valued at $5,405,929.19. This trade represents a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $111.36, for a total transaction of $445,440.00.

AXT Price Performance

Shares of NASDAQ AXTI traded up $15.46 during mid-day trading on Monday, hitting $112.64. The company had a trading volume of 8,863,554 shares, compared to its average volume of 10,274,093. The business’s 50-day simple moving average is $92.50 and its 200-day simple moving average is $50.14. AXT Inc has a 12 month low of $1.80 and a 12 month high of $143.16. The firm has a market cap of $7.37 billion, a P/E ratio of -364.42 and a beta of 1.80.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The business had revenue of $26.92 million during the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, sell-side analysts predict that AXT Inc will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXTI. American Capital Advisory LLC bought a new position in AXT during the first quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of AXT in the first quarter valued at approximately $31,000. XTX Topco Ltd bought a new position in shares of AXT in the second quarter valued at approximately $42,000. Jefferies Financial Group Inc. bought a new position in shares of AXT in the third quarter valued at approximately $52,000. Finally, Leonteq Securities AG bought a new position in shares of AXT in the first quarter valued at approximately $57,000. Institutional investors own 49.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AXTI. Weiss Ratings raised 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 target on shares of AXT in a report on Wednesday, June 3rd. Wedbush raised their price target 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. B. Riley Financial raised their price target on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Finally, UBS Group set a $35.00 price target on shares of AXT in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.