AXT (NASDAQ:AXTI) Director Jesse Chen Sells 1,500 Shares of Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $93.30, for a total value of $139,950.00. Following the sale, the director owned 87,447 shares of the company’s stock, valued at approximately $8,158,805.10. The trade was a 1.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 value 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 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.
• 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 value 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 value of $293,846.85.

AXT Stock Up 8.8%

AXTI opened at $85.29 on Thursday. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of -275.12 and a beta of 1.80. AXT Inc has a 52 week low of $1.80 and a 52 week high of $143.16. The business’s 50 day moving average is $90.87 and its two-hundred day moving average is $48.97.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $26.92 million for the quarter, compared to analyst estimates 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. Equities analysts expect that AXT Inc will post 0.2 EPS for the current fiscal year.

AXT News Summary

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Investor optimism around AI infrastructure demand has boosted AXT as traders view the company’s indium phosphide substrates as a beneficiary of the AI buildout. AXT Inc. (AXTI) Gets 8.8% Jump from AI Optimism
• Positive Sentiment: Quiver Quant said AXT’s move was driven by the AI-driven indium phosphide growth story and short-squeeze dynamics, which can add momentum when buyers start covering positions. AXT shares jump as AI-driven indium phosphide growth narrative and short-squeeze dynamics resurface
• Positive Sentiment: Analysts and market commentary highlighted AXT’s more than $100 million backlog, suggesting demand remains strong even though execution depends on export approvals. AXT’s $100M Backlog Sounds Bullish, But Can Export Risks Derail Growth?
• Neutral Sentiment: The company’s annual meeting approved governance changes and an increase in authorized shares, which gives AXT more flexibility for future capital raising and expansion, but also leaves open the possibility of dilution. AXT Shareholders Approve Governance Changes and Share Increase
• Negative Sentiment: Recent insider selling by director Jesse Chen may weigh on sentiment, even though insider sales do not necessarily reflect near-term business fundamentals. AXT Insider Makes Major Move With High-Value Stock Sale

Institutional Trading of AXT

A number of institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. boosted its stake in shares of AXT by 161.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after buying an additional 930,526 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in AXT during the fourth quarter worth $22,738,000. Alyeska Investment Group L.P. purchased a new stake in AXT during the fourth quarter worth $20,187,000. Jane Street Group LLC lifted its position in shares of AXT by 1,314.6% in the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after acquiring an additional 840,650 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of AXT by 112.0% in the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after acquiring an additional 410,181 shares in the last quarter. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on AXTI shares. B. Riley Financial lifted their price target on AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wall Street Zen raised AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Wedbush boosted their target price on AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Northland Securities set a $125.00 target price on AXT in a report on Wednesday, June 3rd. Finally, Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, AXT has a consensus rating of “Hold” and an average 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.