AXT (NASDAQ:AXTI) Director Jesse Chen Sells 14,000 Shares of Stock

AXT Inc (NASDAQ:AXTI) Director Jesse Chen sold 14,000 shares of AXT stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $46.15, for a total transaction of $646,100.00. Following the completion of the sale, the director owned 138,612 shares of the company’s stock, valued at $6,396,943.80. This trade represents a 9.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, March 11th, Jesse Chen sold 15,000 shares of AXT stock. The stock was sold at an average price of $47.13, for a total transaction of $706,950.00.
• On Monday, March 9th, Jesse Chen sold 12,452 shares of AXT stock. The stock was sold at an average price of $37.69, for a total transaction of $469,315.88.
• On Friday, March 6th, Jesse Chen sold 2,000 shares of AXT stock. The shares were sold at an average price of $36.63, for a total transaction of $73,260.00.
• On Thursday, March 5th, Jesse Chen sold 11,147 shares of AXT stock. The shares were sold at an average price of $38.26, for a total transaction of $426,484.22.
• On Wednesday, March 4th, Jesse Chen sold 8,800 shares of AXT stock. The stock was sold at an average price of $38.83, for a total transaction of $341,704.00.
• On Tuesday, March 3rd, Jesse Chen sold 11,007 shares of AXT stock. The stock was sold at an average price of $40.49, for a total transaction of $445,673.43.
• On Monday, March 2nd, Jesse Chen sold 11,320 shares of AXT stock. The shares were sold at an average price of $45.59, for a total value of $516,078.80.

AXT Stock Up 8.1%

Shares of NASDAQ:AXTI traded up $3.76 on Friday, reaching $50.49. The company had a trading volume of 6,989,667 shares, compared to its average volume of 8,459,487. The stock has a market capitalization of $2.79 billion, a P/E ratio of -104.92 and a beta of 1.75. The stock has a 50-day moving average price of $26.73 and a 200 day moving average price of $14.56. AXT Inc has a twelve month low of $1.13 and a twelve month high of $51.98.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, February 19th. The semiconductor company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $24.24 million. On average, sell-side analysts predict that AXT Inc will post -0.12 earnings per share for the current fiscal year.

More AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Shares jumped sharply (reported ~14.9% gain) on heavy volume, suggesting strong short-term buying momentum and renewed investor interest. Read More.
• Neutral Sentiment: Unusually high options volume was reported, indicating speculative or directional positioning by traders that can amplify intraday moves. Read More.
• Neutral Sentiment: Analyst/coverage feature examining AXT’s indium phosphide position and potential to benefit from AI demand — a strategic narrative that can support a higher valuation if revenue follows. Read More.
• Neutral Sentiment: Short-interest data in reports shows 0 shares (likely a data/reporting anomaly). That makes short-interest-driven squeezes hard to interpret from the published figures alone; ignore the raw zero number until exchanges/clearing update official data.
• Negative Sentiment: Significant insider selling by top executives: multiple SEC filings show CEO Morris S. Young and directors sold substantial blocks on March 10–11 (CEO sale reported 30,832 shares at ~$45.60; Director David C. Chang sold 20,000 at $46.00; Director Jesse Chen sold 14,000 and 15,000 at ~ $46–$47). Aggregated coverage and filings point to a material, coordinated sell-off that can weigh on sentiment despite current momentum. See coverage and SEC filings: Read More.; Morris SEC filing: Read More.; Chang filing: Read More.; Chen filings: Read More.; additional coverage: Read More.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AXTI shares. Wedbush boosted their price objective on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. 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. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Northland Securities set a $20.00 price target on shares of AXT in a report on Monday, December 22nd. Finally, UBS Group set a $35.00 price target on AXT in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.80.

Institutional Investors Weigh In On AXT

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pinpoint Asset Management Singapore Pte. Ltd. raised its position in shares of AXT by 2,333,600.0% during the third quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 23,337 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 23,336 shares during the last quarter. Wesbanco Bank Inc. acquired a new stake in AXT during the third quarter worth about $112,000. White Pine Capital LLC grew its position in AXT by 2.8% during the second quarter. White Pine Capital LLC now owns 860,411 shares of the semiconductor company’s stock worth $1,798,000 after buying an additional 23,467 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in AXT by 12.4% during the third quarter. Assenagon Asset Management S.A. now owns 22,952 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 2,540 shares during the period. Finally, Jefferies Financial Group Inc. raised its holdings in AXT by 30.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 14,967 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 3,467 shares in the last quarter. Institutional investors and hedge funds 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.