AXT (AXTI) Insider Jesse Chen Sells $711K of Stock

Jesse Chen sold 6,172 shares of AXT, Inc. (AXTI) on June 15, 2026. The sale was executed at a price of $115.24 per share, totaling roughly $711,261. This transaction was disclosed in a filing with the Securities and Exchange Commission and was not part of a pre-arranged Rule 10b5-1 trading plan.

A Busy Month for Jesse Chen

This latest transaction is part of a broader selling trend for Jesse Chen this month. On June 11, Chen sold 9,000 shares for $796,950, followed by a larger sale of 13,000 shares on June 12 for approximately $1.25 million. Including this June 15 trade, Chen has offloaded more than 28,000 shares in just five days. These moves occurred during a period where other insiders have also been active. For instance, David Chang sold 8,333 shares on the same day as Chen's latest trade, June 15, for about $926,380.

AXT Stock and Valuation

On Wednesday, shares of AXT, Inc. were trading at $93.04. The stock has seen a massive spread over the last year, ranging from a low of $4.35 to a high of $143.16. While the current price is down from those recent highs, it remains comfortably above its long-term trend line, as its 200-day moving average sits at $62.87. The company currently has a very high P/E ratio of 1,447.75, though its forward P/E ratio—a measure of what analysts expect the company to earn next year—is much lower at 25.74.

Recent Earnings and Growth

AXT, Inc. reported revenue of $125.51 million in its most recent quarterly period, which represents a 1.6% increase compared to the previous year. The company's bottom line is thin, with a net margin of 3.2% and a return on equity of 1.01%. Investors are looking toward the next financial update, which is scheduled for October 29, 2026, to see if the company can improve its profitability and maintain its current growth trajectory.

Analysts Set New Price Targets

Financial analysts have offered mixed views on the company lately. On July 31, 2026, Needham upgraded the stock to a Buy rating with a target price of $90.00. On that same day, B. Riley Securities maintained a Neutral rating but nudged its target up slightly to $55.00 from $52.00. This followed an earlier move by B. Riley on July 28, where they significantly lowered their target from $73.00. Across five analysts, the average price target for the stock is currently $91.60.

About AXT, Inc.

AXT, Inc. is a technology firm that specializes in the materials used to build high-tech electronics. They manufacture semiconductor substrates, which are the base layers for chips used in 5G communications, data centers, and lasers for autonomous vehicles. Based in Fremont, California, the company plays a behind-the-scenes role in providing the raw components needed for fiber optics and satellite solar cells.

What's Ahead for AXT, Inc.

While insider selling isn't always a signal of a company's future performance, the frequency of trades from Chen and Chang this June provides a clear picture of high-level activity. Investors should keep a close eye on the October earnings report and any further analyst revisions to see if the stock can regain its momentum toward its yearly highs.