AXT (NASDAQ:AXTI) Director Sells $564,000.00 in Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 6,000 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $94.00, for a total value of $564,000.00. Following the completion of the transaction, the director owned 88,947 shares of the company’s stock, valued at $8,361,018. This trade represents a 6.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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 value 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 value of $139,950.00.
• 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 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 Trading Up 8.8%

Shares of AXTI stock traded up $6.93 on Wednesday, hitting $85.29. 9,311,063 shares of the stock were exchanged, compared to its average volume of 8,317,978. The firm has a market capitalization of $5.58 billion, a PE ratio of -275.12 and a beta of 1.80. AXT Inc has a one year low of $1.80 and a one year high of $143.16. The firm’s 50 day moving average is $90.87 and its two-hundred day moving average is $48.97.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $26.92 million during 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. On average, sell-side analysts expect that AXT Inc will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. B. Riley Financial increased their price target on AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. UBS Group set a $35.00 price target on AXT in a research note on Tuesday, February 17th. Finally, Wedbush increased their price target on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.80.

Institutional Trading of AXT

A number of institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC lifted its holdings in AXT by 6.8% during the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock worth $365,000 after purchasing an additional 408 shares in the last quarter. American Capital Advisory LLC purchased a new stake in AXT during the 1st quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in AXT during the 1st quarter worth about $31,000. Leonteq Securities AG purchased a new stake in AXT during the 1st quarter worth about $57,000. Finally, KBC Group NV purchased a new stake in AXT during the 1st quarter worth about $88,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

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.