Jesse Chen Sells 9,000 Shares of AXT, Inc.

Jesse Chen, an insider at AXT, Inc. (NasdaqGS: AXTI), sold 9,000 shares on June 11, 2026. The shares were sold at an average price of $88.55, bringing the total transaction value to about $796,950. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at AXT, Inc.

Jesse Chen has been active in selling shares of AXT, Inc. recently. On June 12, 2026, Chen sold another 13,000 shares at $95.77. Earlier, on June 10, 2026, Chen sold 9,000 shares at $86.73, and on June 9, 2026, 1,500 shares at $93.30. Additionally, on June 8, 2026, Chen sold 6,000 shares at $94.00. These sales were not made under a Rule 10b5-1 plan. Meanwhile, David Chang, another insider, purchased 754 shares on June 4, 2026.

Other Institutional Activity in AXT, Inc.

Jane Street Group, LLC significantly increased its position in AXT, Inc. by adding 1,521,633 shares, ending with 2,426,232 shares valued at about $138.25 million. Vanguard Capital Management LLC also made a substantial addition, acquiring 2,278,403 shares, now totaling approximately $129.82 million in value. On the other hand, E20 Capital Ltd reduced its holdings by 973,731 shares, leaving it with 2,068,550 shares worth around $117.87 million. Assenagon Asset Management S.A. and Morgan Stanley both increased their stakes, with Assenagon adding 930,526 shares to hold 1,505,354 shares, and Morgan Stanley adding 553,005 shares for a total of 1,443,634 shares.

AXT, Inc. Stock Up 65.8%

Shares of AXT, Inc. are currently trading near $97.18. The company boasts a market capitalization of approximately $6.36 billion and a forward P/E ratio of 129.23. AXT has a beta of 1.811, indicating a higher volatility compared to the market. The stock's 52-week range has been between $1.80 and $143.16, with a 50-day moving average of $92.66 and a 200-day moving average of $37.06. AXT maintains a current ratio of 2.593 and a quick ratio of 1.422, with a debt-to-equity ratio of 23.021.

Analysts Set New Price Targets

On May 1, 2026, Wedbush maintained a 'buy' rating for AXT, Inc. with a price target of $93. B. Riley Securities, however, downgraded the stock to 'hold' on January 9, 2026, with a target of $18. The consensus among analysts is a 'buy' recommendation, with a mean price target of $96.50 based on four analyst opinions.

About AXT, Inc.

AXT, Inc. is a technology company based in Fremont, California. It specializes in designing and manufacturing semiconductor substrates, which are critical components in various high-tech applications such as data centers, 5G communications, and consumer devices. Led by CEO Dr. Morris S. Young, the company employs about 1,541 people. AXT's products include indium phosphide and gallium arsenide substrates, which serve essential roles in high-speed data transfer, fiber optic communication, and other advanced technologies.

Bottom Line

Jesse Chen's recent sale of AXT, Inc. shares is a notable insider transaction, reflecting ongoing activity within the company's leadership. Investors keep a close eye on such moves for potential insights into the company's direction. While insider trades can offer clues, they're just one piece of the puzzle, and it's important to consider broader market conditions and company fundamentals when evaluating a stock. AXT, Inc.'s substantial market presence and analyst interest make it a stock worth watching.