Janus Henderson Group PLC acquired a new position in AXT Inc (NASDAQ:AXTI – Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 24,500 shares of the semiconductor company’s stock, valued at approximately $1,395,000.
Several other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in AXT in the first quarter worth about $3,670,000. Royal Bank of Canada grew its stake in AXT by 38.8% during the 1st quarter. Royal Bank of Canada now owns 15,229 shares of the semiconductor company’s stock worth $868,000 after buying an additional 4,255 shares during the last quarter. Rokos Capital Management LLP purchased a new stake in shares of AXT during the first quarter worth about $18,842,000. The Manufacturers Life Insurance Company purchased a new stake in AXT during the 1st quarter worth approximately $333,000. Finally, Quantinno Capital Management LP acquired a new position in shares of AXT in the 1st quarter valued at $296,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AXTI has been the topic of several research reports. Northland Securities set a $125.00 price target on shares of AXT in a report on Wednesday, June 3rd. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. UBS Group set a $90.00 price target on shares of AXT in a report on Friday, July 31st. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a report on Friday, July 31st. Finally, B. Riley Financial reduced their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $77.00.
AXT Stock Performance
Shares of AXTI opened at $88.58 on Monday. The company’s 50-day moving average price is $70.85 and its 200 day moving average price is $63.79. AXT Inc has a 12-month low of $2.05 and a 12-month high of $143.16. The firm has a market cap of $5.79 billion, a P/E ratio of 4,429.00 and a beta of 1.90.
AXT (NASDAQ:AXTI – Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. AXT had a net margin of 3.23% and a return on equity of 1.55%. The firm had revenue of $47.59 million during the quarter, compared to analysts’ expectations of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Equities research analysts forecast that AXT Inc will post 0.19 earnings per share for the current year.
Insider Transactions at AXT
In related news, Director Jesse Chen sold 6,172 shares of AXT 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 trade represents a 10.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David C. Chang sold 8,333 shares of AXT stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the transaction, the director owned 65,165 shares of the company’s stock, valued at $7,244,393.05. The trade was a 11.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is currently owned by corporate insiders.
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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