Jesse Chen Sells 9,000 Shares of AXT (NASDAQ:AXTI) Stock

Posted by Michael Walen on Jun 12th, 2026

AXT Inc (NASDAQ:AXTI – Get Free Report) Director Jesse Chen sold 9,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $86.73, for a total transaction of $780,570.00. Following the sale, the director directly owned 78,447 shares of the company’s stock, valued at $6,803,708.31. The trade was a 10.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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.
On Friday, March 13th, Jesse Chen sold 8,083 shares of AXT stock. The shares were sold at an average price of $50.25, for a total transaction 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 transaction of $293,846.85.

AXT Stock Up 3.6%

NASDAQ AXTI opened at $88.34 on Friday. AXT Inc has a 52 week low of $1.80 and a 52 week high of $143.16. The firm has a market capitalization of $5.78 billion, a P/E ratio of -284.96 and a beta of 1.80. The company has a 50-day moving average price of $91.50 and a 200-day moving average price of $49.52.

AXT (NASDAQ:AXTI – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The firm had revenue of $26.92 million during the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, equities research analysts anticipate that AXT Inc will post 0.2 EPS for the current year.

Institutional Investors Weigh In On AXT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its holdings in AXT by 112.0% in the 1st 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. Janus Henderson Group PLC bought a new position in AXT in the 1st quarter worth approximately $1,395,000. California State Teachers Retirement System bought a new position in AXT in the 1st quarter worth approximately $3,670,000. Royal Bank of Canada boosted its stake in AXT by 38.8% in the 1st quarter. Royal Bank of Canada now owns 15,229 shares of the semiconductor company’s stock worth $868,000 after purchasing an additional 4,255 shares during the period. Finally, Rokos Capital Management LLP bought a new position in AXT in the 1st quarter worth approximately $18,842,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

AXT News Summary

Here are the key news stories impacting AXT this week:

Positive Sentiment: Investor enthusiasm around AI infrastructure has lifted AXT, with traders viewing its indium phosphide products as a key beneficiary of data-center optical connectivity demand. AXT Inc. (AXTI) Gets 8.8% Jump from AI Optimism
Positive Sentiment: Quiver Quant highlighted renewed momentum in AXT’s AI-driven growth narrative and noted elevated short interest, which can amplify gains if short sellers are forced to cover. AXT shares jump as AI-driven indium phosphide growth narrative and short-squeeze dynamics resurface
Positive Sentiment: Analysts and commentary pointed to AXT’s backlog topping $100 million, suggesting demand remains solid even as export approvals remain a key near-term gatekeeper. AXT’s $100M Backlog Sounds Bullish, But Can Export Risks Derail Growth?
Neutral Sentiment: AXT shareholders approved governance changes and a higher authorized share count, giving the company more flexibility to fund expansion, though it also leaves open the possibility of future dilution. AXT Shareholders Approve Governance Changes and Share Increase
Negative Sentiment: Recent insider selling by director Jesse Chen may pressure sentiment, especially since multiple sales have been disclosed over the past several days. AXT Insider Makes Major Move With High-Value Stock Sale

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. B. Riley Financial increased their target price on shares of AXT to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Finally, Wedbush increased their target price on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a report 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $43.80.

View Our Latest Research Report on AXT

About AXT

(Get Free Report)

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.