AXT Inc (NASDAQ:AXTI - Get Free Report) Director Jesse Chen sold 13,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $5,405,929.19. This trade represents a 18.72% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 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 shares were 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 shares were sold at an average price of $111.36, for a total value of $445,440.00.
AXT Stock Performance
AXTI stock opened at $110.74 on Tuesday. AXT Inc has a 1 year low of $1.80 and a 1 year high of $143.16. The firm has a market cap of $7.24 billion, a P/E ratio of -357.21 and a beta of 1.80. The stock has a 50-day simple moving average of $93.65 and a 200-day simple moving average of $50.86.
AXT (NASDAQ:AXTI - Get Free Report) last posted its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business 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. On average, equities research analysts predict that AXT Inc will post 0.2 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the company. Shariaportfolio Inc. bought a new position in AXT during the 1st quarter worth approximately $984,000. Bank of America Corp DE lifted its holdings in AXT by 112.0% during the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company's stock worth $44,234,000 after buying an additional 410,181 shares during the last quarter. Janus Henderson Group PLC bought a new position in AXT during the 1st quarter worth approximately $1,395,000. California State Teachers Retirement System bought a new position in AXT during the 1st quarter worth approximately $3,670,000. Finally, Royal Bank of Canada lifted its holdings in AXT by 38.8% during the 1st quarter. Royal Bank of Canada now owns 15,229 shares of the semiconductor company's stock worth $868,000 after buying an additional 4,255 shares during the last quarter. Institutional investors own 49.52% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on AXTI. Northland Securities set a $125.00 price objective on AXT in a research note on Wednesday, June 3rd. UBS Group set a $35.00 price objective on AXT in a research note on Tuesday, February 17th. B. Riley Financial raised their price objective on AXT to $21.00 and gave the company a "neutral" rating in a research note on Friday, February 20th. Weiss Ratings upgraded AXT from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, May 27th. Finally, Wedbush raised their price objective on AXT from $8.50 to $28.00 and gave the company an "outperform" rating in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $43.80.
Get Our Latest Analysis 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.
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