Insider Selling: AXT (NASDAQ:AXTI) Director Sells 1,500 Shares of Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 1,500 shares of AXT stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $93.30, for a total transaction of $139,950.00. Following the sale, the director directly owned 87,447 shares of the company’s stock, valued at $8,158,805.10. This represents a 1.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $86.73, for a total transaction of $780,570.00.
• 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 Stock Performance

AXTI traded up $6.93 during trading on Wednesday, reaching $85.29. 9,311,063 shares of the company’s stock were exchanged, compared to its average volume of 8,317,978. The company’s fifty day moving average price is $90.87 and its 200-day moving average price is $48.97. AXT Inc has a fifty-two week low of $1.80 and a fifty-two week high of $143.16. 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 earnings results 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 during 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. Research analysts forecast that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AXTI. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. B. Riley Financial lifted their price target on shares of 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 target on shares of AXT in a research report on Tuesday, February 17th. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, AXT presently has an average rating of “Hold” and a consensus target price of $43.80.

Institutional Investors Weigh In On AXT

Several institutional investors have recently added to or reduced their stakes in AXTI. Acadian Asset Management LLC lifted its position in AXT by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after acquiring an additional 8,039 shares in the last quarter. Creative Planning bought a new stake in AXT in the 2nd quarter valued at $86,000. XTX Topco Ltd bought a new stake in AXT in the 2nd quarter valued at $42,000. Wesbanco Bank Inc. bought a new stake in AXT in the 3rd quarter valued at $112,000. Finally, Dimensional Fund Advisors LP bought a new stake in AXT in the 3rd quarter valued at $145,000. 49.52% of the stock is owned by institutional investors.

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.