Insider Selling: AXT (NASDAQ:AXTI) Director Sells 6,172 Shares of Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 6,172 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the transaction, the director directly owned 50,275 shares in the company, valued at $5,793,691. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Friday, June 12th, Jesse Chen sold 13,000 shares of AXT stock. The shares were sold at an average price of $95.77, for a total transaction of $1,245,010.00.
• 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 Stock Performance

AXTI traded up $1.69 during trading on Wednesday, hitting $94.73. The stock had a trading volume of 3,364,864 shares, compared to its average volume of 10,253,961. The firm has a market capitalization of $6.20 billion, a P/E ratio of -305.59 and a beta of 1.80. The company’s 50-day moving average price is $94.46 and its 200 day moving average price is $51.44. AXT Inc has a twelve month low of $1.80 and a twelve month high of $143.16.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $26.92 million for the quarter, compared to analysts’ expectations 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. As a group, equities analysts expect that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AXTI. B. Riley Financial upped 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. Northland Securities set a $125.00 price target on shares of AXT in a research note on Wednesday, June 3rd. Wedbush upped 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. UBS Group set a $35.00 price target on shares of AXT in a research note on Tuesday, February 17th. Finally, Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. 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. Based on data from MarketBeat.com, AXT has a consensus rating of “Hold” and an average target price of $43.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new stake in shares of AXT during the 1st quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of AXT during the first quarter worth about $31,000. XTX Topco Ltd purchased a new stake in shares of AXT during the second quarter worth about $42,000. Jefferies Financial Group Inc. purchased a new stake in shares of AXT during the third quarter worth about $52,000. Finally, Leonteq Securities AG purchased a new stake in shares of AXT during the first quarter worth about $57,000. 49.52% of the stock is currently owned by hedge funds and other 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.