Insider Selling: AXT (NASDAQ:AXTI) Director Sells $564,000.00 in Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 6,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $94.00, for a total transaction of $564,000.00. Following the completion of the sale, the director directly owned 88,947 shares of the company’s stock, valued at approximately $8,361,018. This trade represents a 6.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 transaction 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 transaction of $139,950.00.
• 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 transaction 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 transaction of $445,440.00.
• 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 transaction of $406,170.75.
• On Thursday, March 12th, Jesse Chen sold 6,003 shares of AXT stock. The stock was sold at an average price of $48.95, for a total transaction of $293,846.85.

AXT Price Performance

Shares of NASDAQ AXTI opened at $97.18 on Friday. The firm has a fifty day moving average price of $92.50 and a 200-day moving average price of $49.86. The stock has a market cap of $6.36 billion, a PE ratio of -313.47 and a beta of 1.80. AXT Inc has a 1 year low of $1.80 and a 1 year 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, topping analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $26.92 million during 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. On average, research analysts expect that AXT Inc will post 0.2 EPS for the current year.

Analysts Set New Price Targets

AXTI has been the subject of a number of analyst reports. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Northland Securities set a $125.00 target price on shares of AXT in a research note on Wednesday, June 3rd. B. Riley Financial raised their target price on shares of AXT to $21.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, UBS Group set a $35.00 target price on shares of AXT in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, AXT currently has a consensus rating of “Hold” and a consensus price target of $43.80.

Hedge Funds Weigh In On AXT

Several institutional investors have recently bought and sold shares of AXTI. Acadian Asset Management LLC grew its stake in AXT by 2.8% during the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after acquiring an additional 8,039 shares in the last quarter. Creative Planning purchased a new position in AXT during the second quarter valued at $86,000. XTX Topco Ltd purchased a new position in AXT during the second quarter valued at $42,000. Wesbanco Bank Inc. purchased a new position in AXT during the third quarter valued at $112,000. Finally, Dimensional Fund Advisors LP purchased a new position in AXT during the third quarter valued at $145,000. 49.52% of the stock is 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.