AXT (NASDAQ:AXTI) Director Sells $1,245,010.00 in Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $95.77, for a total value of $1,245,010.00. Following the sale, the director owned 56,447 shares in the company, valued at approximately $5,405,929.19. The trade was a 18.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, June 15th, Jesse Chen sold 6,172 shares of AXT stock. The stock was sold at an average price of $115.24, for a total value of $711,261.28.
• 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 Tuesday, June 9th, Jesse Chen sold 1,500 shares of AXT stock. The stock was sold at an average price of $93.30, for a total value of $139,950.00.
• 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 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 shares were sold at an average price of $111.36, for a total value of $445,440.00.

AXT Stock Down 1.0%

AXTI opened at $92.11 on Thursday. The stock has a fifty day moving average of $95.46 and a 200-day moving average of $52.01. The firm has a market capitalization of $6.03 billion, a P/E ratio of -297.12 and a beta of 1.80. AXT Inc has a 12-month low of $1.80 and a 12-month high of $143.16.

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

Institutional Trading of AXT

Hedge funds and other institutional investors have recently modified their holdings of the company. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in shares of AXT during the fourth quarter worth $22,738,000. Maytree Asset Management Ltd purchased a new stake in shares of AXT during the fourth quarter worth $11,156,000. Destination Wealth Management purchased a new stake in shares of AXT during the third quarter worth $458,000. Penn Capital Management Company LLC purchased a new stake in shares of AXT during the third quarter worth $729,000. Finally, Allworth Financial LP raised its holdings in shares of AXT by 3,764.7% during the fourth quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company’s stock worth $190,000 after acquiring an additional 11,294 shares in the last quarter. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wedbush increased 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. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. B. Riley Financial increased their target price on AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Northland Securities set a $125.00 target price on AXT in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.80.

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.