Park Edge Advisors LLC cut its holdings in shares of AXT Inc (NASDAQ:AXTI – Free Report) by 69.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,712 shares of the semiconductor company’s stock after selling 34,088 shares during the period. Park Edge Advisors LLC’s holdings in AXT were worth $838,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of AXTI. SG Americas Securities LLC purchased a new stake in AXT during the first quarter worth $108,000. Jefferies Financial Group Inc. increased its holdings in shares of AXT by 30.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 14,967 shares of the semiconductor company’s stock valued at $245,000 after acquiring an additional 3,467 shares during the period. State of Wyoming bought a new position in shares of AXT in the 4th quarter worth $69,000. Kestra Advisory Services LLC bought a new position in shares of AXT in the 4th quarter worth $98,000. Finally, Algert Global LLC lifted its stake in shares of AXT by 31.9% during the 3rd quarter. Algert Global LLC now owns 28,800 shares of the semiconductor company’s stock worth $129,000 after purchasing an additional 6,970 shares during the last quarter. 49.52% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on AXTI shares. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Northland Securities set a $125.00 target price on shares of AXT in a report on Wednesday, June 3rd. Two 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 stock. According to MarketBeat.com, AXT currently has an average rating of “Hold” and a consensus target price of $43.80.
Insider Activity at AXT
In other AXT news, Director David C. Chang sold 8,333 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the sale, the director directly owned 65,165 shares in the company, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the completion of the sale, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. This represents a 5.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 251,636 shares of company stock valued at $27,789,677 in the last ninety days. Corporate insiders own 5.97% of the company’s stock.
AXT Trading Down 10.2%
NASDAQ AXTI opened at $69.93 on Thursday. The firm’s fifty day simple moving average is $97.80 and its two-hundred day simple moving average is $54.50. The firm has a market capitalization of $4.58 billion, a P/E ratio of -225.58 and a beta of 1.80. AXT Inc has a 12-month low of $1.85 and a 12-month high of $143.16.
AXT (NASDAQ:AXTI – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $26.92 million during the quarter, compared to analyst estimates of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, sell-side analysts predict that AXT Inc will post 0.2 earnings per share for the current fiscal year.
AXT Company Profile
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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