Jesse Chen Sells 11,007 Shares of AXT (NASDAQ:AXTI) Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 11,007 shares of AXT stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $40.49, for a total transaction of $445,673.43. Following the completion of the sale, the director owned 187,011 shares of the company’s stock, valued at $7,572,075.39. This trade represents a 5.56% decrease in their position. 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 Monday, March 2nd, Jesse Chen sold 11,320 shares of AXT stock. The stock was sold at an average price of $45.59, for a total transaction of $516,078.80.

AXT Trading Down 6.3%

Shares of AXTI opened at $39.13 on Thursday. AXT Inc has a 12 month low of $1.13 and a 12 month high of $47.03. The firm’s 50 day moving average is $23.64 and its 200-day moving average is $13.01. The stock has a market capitalization of $2.16 billion, a PE ratio of -81.52 and a beta of 1.75.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, February 19th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). AXT had a negative net margin of 24.07% and a negative return on equity of 10.59%. The company had revenue of $23.04 million during the quarter, compared to the consensus estimate of $24.24 million. Equities research analysts predict that AXT Inc will post -0.12 earnings per share for the current fiscal year.

AXT News Summary

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Large institutional investors added meaningful positions in Q4 2025 (e.g., Davidson Kempner, Hood River, Point72), which creates underlying demand and longer‑term support for the stock. Quiver Quantitative
• Positive Sentiment: Brainhole Technology disclosed a reinvestment that includes AXT shares, representing an external investor allocating proceeds into AXTI — a potential vote of confidence/near‑term buying interest. TipRanks
• Neutral Sentiment: Reported short‑interest figures in feeds are inconsistent/zero (displaying 0/NaN), so there’s no clear short‑interest signal to explain price moves or a short‑squeeze narrative today.
• Neutral Sentiment: Technical momentum has been very strong over months (large YTD gains and recent highs), but some market commentary notes decelerating upside — a mixed technical picture for near‑term direction.
• Negative Sentiment: CEO Morris S. Young sold 159,536 shares on Mar 2 (~$6.9M at the reported average), a sizeable insider disposition that likely weighed on sentiment; SEC filing: SEC Filing
• Negative Sentiment: Director Jesse Chen executed two recent sales (11,320 shares on Mar 2 and 11,007 shares on Mar 3), reducing his holdings and contributing to intraday selling pressure; trade report: InsiderTrades
• Negative Sentiment: Aggregate insider activity shows heavy net selling (multiple insiders selling and few/no purchases reported over recent months), which is a negative governance/sentiment signal for traders and likely exacerbated short‑term outflows. Quiver Quantitative

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Needham & Company LLC downgraded AXT from a “buy” rating to a “hold” rating in a research note on Tuesday, January 20th. B. Riley Financial upped their price target on shares of AXT to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Northland Securities set a $20.00 price objective on shares of AXT in a research note on Monday, December 22nd. UBS Group set a $35.00 target price on AXT in a research note on Tuesday, February 17th. Finally, Wedbush raised 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.80.

Hedge Funds Weigh In On AXT

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in AXT in the fourth quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. bought a new position in shares of AXT in the 4th quarter valued at $20,187,000. Jane Street Group LLC boosted its holdings in shares of AXT by 1,314.6% during the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after acquiring an additional 840,650 shares in the last quarter. Maytree Asset Management Ltd acquired a new position in AXT in the 4th quarter worth about $11,156,000. Finally, Assenagon Asset Management S.A. increased its holdings in AXT by 2,404.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 574,828 shares of the semiconductor company’s stock worth $9,398,000 after purchasing an additional 551,876 shares in the last quarter. Institutional investors own 49.52% of the company’s stock.

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.