Trump says Iran war "close to over" amid hopes for more negotiations
Director Jesse Chen of Axt Inc (NASDAQ:AXTI) sold a total of 14,086 shares of common stock on March 12 and 13, 2026, for approximately $700,039.
On March 12, Chen sold 6,003 shares in multiple transactions at prices ranging from $46.72 to $49.825. On March 13, the director sold 8,083 shares in multiple transactions at prices ranging from $48.39 to $51.38. Following these transactions, Chen directly owns 109,526 shares of Axt Inc.The sale comes as AXTI stock trades near its 52-week high of $51.98, following a remarkable 2,614% return over the past year. According to InvestingPro analysis, the stock appears overvalued relative to its Fair Value, with 18 additional ProTips available to subscribers on the platform.
In other recent news, AXT, Inc. has adjusted its fourth-quarter revenue guidance to between $22.5 million and $23.5 million, a decrease from its earlier estimate of $27 million to $30 million. The company attributed this revision to a reduction in export permits for indium phosphide from China’s Ministry of Commerce, impacting its ability to meet customer demands. Despite this, Craig-Hallum raised AXT’s stock price target from $10 to $26, maintaining a Buy rating due to strong demand and potential constraints on competitors. However, B.Riley downgraded AXT from Buy to Neutral, citing valuation concerns, while still increasing its price target to $18.
In other developments, Needham upgraded Nova Measuring Instruments to a Buy rating, setting a price target of $500. This upgrade reflects Nova’s strong global execution and its strategic position to benefit from the anticipated rise in China’s memory wafer fabrication equipment by 2026. Similarly, Needham also upgraded Ichor Holdings to a Buy, with a price target of $36, highlighting Ichor’s potential as a derivative play to major semiconductor equipment manufacturers like Lam Research and Applied Materials. These recent updates provide investors with insights into the shifting landscape of the semiconductor sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.