Jesse Chen Sells 4,000 Shares of AXT (NASDAQ:AXTI) Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $111.36, for a total value of $445,440.00. Following the transaction, the director owned 100,326 shares in the company, valued at approximately $11,172,303.36. This represents a 3.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 shares were sold at an average price of $48.95, for a total value of $293,846.85.
• On Wednesday, March 11th, Jesse Chen sold 15,000 shares of AXT stock. The shares were sold at an average price of $47.13, for a total value of $706,950.00.
• On Tuesday, March 10th, Jesse Chen sold 14,000 shares of AXT stock. The stock was sold at an average price of $46.15, for a total value of $646,100.00.
• On Monday, March 9th, Jesse Chen sold 12,452 shares of AXT stock. The shares were sold at an average price of $37.69, for a total transaction of $469,315.88.

AXT Price Performance

AXT stock traded down $16.95 during mid-day trading on Friday, reaching $89.04. 9,679,701 shares of the company traded hands, compared to its average volume of 10,342,892. AXT Inc has a 52-week low of $1.72 and a 52-week high of $143.16. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of -287.22 and a beta of 1.80. The firm’s 50 day moving average price is $88.78 and its 200 day moving average price is $46.83.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $26.92 million for 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. On average, sell-side analysts anticipate that AXT Inc will post 0.2 EPS for the current year.

Hedge Funds Weigh In On AXT

Several large investors have recently made changes to their positions in AXTI. Assenagon Asset Management S.A. boosted its position in shares of AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after purchasing an additional 930,526 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong bought a new position in AXT during the 4th quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. purchased a new position in AXT during the fourth quarter valued at $20,187,000. Jane Street Group LLC raised its stake in AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after buying an additional 840,650 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in AXT by 112.0% in the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock worth $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.

Analysts Set New Price Targets

Several analysts have weighed in on AXTI shares. Wall Street Zen raised AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. B. Riley Financial raised their target price on AXT to $21.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wedbush lifted their price target on AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Northland Securities set a $125.00 price objective on AXT in a report on Wednesday. Finally, Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price 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.