AXT (NASDAQ:AXTI) Director Jesse Chen Sells 13,000 Shares

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 13,000 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $95.77, for a total value of $1,245,010.00. Following the completion of the sale, the director owned 56,447 shares in the company, valued at $5,405,929.19. This represents a 18.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 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 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 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.

AXT Trading Up 14.0%

NASDAQ AXTI opened at $110.74 on Tuesday. The business’s 50-day moving average price is $93.65 and its 200 day moving average price is $50.86. AXT Inc has a twelve month low of $1.80 and a twelve month high of $143.16. The company has a market capitalization of $7.24 billion, a PE ratio of -357.21 and a beta of 1.80.

AXT (NASDAQ:AXTI) last released its 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. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The firm had revenue of $26.92 million for the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities analysts predict that AXT Inc will post 0.2 EPS for the current year.

Hedge Funds Weigh In On AXT

A number of large investors have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its holdings 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 during the period. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of AXT in the 4th quarter worth about $22,738,000. Alyeska Investment Group L.P. purchased a new position in shares of AXT in the 4th quarter worth about $20,187,000. Jane Street Group LLC grew its stake 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 buying an additional 840,650 shares in the last quarter. Finally, Bank of America Corp DE grew its stake 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 buying 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

AXTI has been the topic of several recent analyst reports. Northland Securities set a $125.00 target price on AXT in a research report on Wednesday, June 3rd. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. UBS Group set a $35.00 target price on AXT in a research report on Tuesday, February 17th. B. Riley Financial raised their price objective on AXT to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Wedbush raised their price objective on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Two 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.