AXT Inc (NASDAQ:AXTI – Get Free Report) Director Jesse Chen sold 6,172 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $115.24, for a total value of $711,261.28. Following the completion of the transaction, the director directly owned 50,275 shares in the company, valued at approximately $5,793,691. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Jesse Chen also recently made the following trade(s):
- On Friday, June 12th, Jesse Chen sold 13,000 shares of AXT stock. The shares were sold at an average price of $95.77, for a total value of $1,245,010.00.
- 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 value 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 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 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.
AXT Price Performance
Shares of NASDAQ:AXTI opened at $84.57 on Friday. The company has a market capitalization of $5.53 billion, a P/E ratio of -272.80 and a beta of 1.80. AXT Inc has a 1-year low of $1.80 and a 1-year high of $143.16. The firm’s 50 day simple moving average is $96.24 and its two-hundred day simple moving average is $52.54.
Institutional Trading of AXT
A number of institutional investors and hedge funds have recently bought and sold shares of AXTI. American Capital Advisory LLC purchased a new stake in AXT in the 1st quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of AXT in the first quarter worth about $31,000. XTX Topco Ltd purchased a new stake in shares of AXT in the second quarter worth about $42,000. Jefferies Financial Group Inc. bought a new position in AXT during the third quarter valued at approximately $52,000. Finally, Leonteq Securities AG purchased a new position in AXT during the 1st quarter valued at approximately $57,000. 49.52% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
AXTI has been the topic of a number of recent analyst reports. B. Riley Financial raised their price target on AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Wedbush upped their price objective on AXT from $8.50 to $28.00 and gave the stock an “outperform” 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 report on Wednesday, May 27th. Finally, Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Two equities 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, AXT presently has an average rating of “Hold” and an average target price of $43.80.
Check Out Our Latest Stock Report on AXT
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.
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