Jesse Chen Sells 9,000 Shares of AXT (NASDAQ:AXTI) Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 9,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $86.73, for a total transaction of $780,570.00. Following the transaction, the director owned 78,447 shares in the company, valued at approximately $6,803,708.31. This trade represents a 10.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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.
• 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 Trading Up 8.8%

Shares of AXT stock traded up $6.93 on Wednesday, reaching $85.29. 9,311,063 shares of the stock were exchanged, compared to its average volume of 8,317,978. AXT Inc has a 1-year low of $1.80 and a 1-year high of $143.16. The business has a fifty day moving average price of $90.87 and a two-hundred day moving average price of $48.97. The firm has a market capitalization of $5.58 billion, a PE ratio of -275.12 and a beta of 1.80.

AXT (NASDAQ:AXTI) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) 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 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. Research analysts expect that AXT Inc will post 0.2 EPS for the current year.

Institutional Trading of AXT

Several institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 408 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of AXT in the first quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of AXT in the first quarter valued at about $31,000. Leonteq Securities AG purchased a new stake in shares of AXT in the first quarter valued at about $57,000. Finally, KBC Group NV purchased a new stake in shares of AXT in the first quarter valued at about $88,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group set a $35.00 price objective on shares of AXT in a report on Tuesday, February 17th. Northland Securities set a $125.00 price objective on shares of AXT in a report on Wednesday, June 3rd. B. Riley Financial boosted their price objective on shares of AXT to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Wedbush boosted 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. Two 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.80.

AXT Company Profile

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.