Private Advisor Group LLC purchased a new position in shares of AXT Inc (NASDAQ:AXTI – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 224,395 shares of the semiconductor company’s stock, valued at approximately $12,786,000. Private Advisor Group LLC owned approximately 0.35% of AXT at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Leonteq Securities AG acquired a new position in shares of AXT during the first quarter valued at approximately $57,000. Patten Group Inc. bought a new position in AXT during the 1st quarter valued at $500,000. Kohmann Bosshard Financial Services LLC bought a new position in AXT during the 1st quarter valued at $31,000. Dupree Financial Group LLC bought a new position in AXT during the 1st quarter valued at $785,000. Finally, Pictet Asset Management Holding SA acquired a new position in shares of AXT during the 1st quarter valued at $484,000. 49.52% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently commented on AXTI. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.80.
AXT Stock Performance
Shares of NASDAQ:AXTI opened at $56.62 on Friday. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of -182.64 and a beta of 1.86. AXT Inc has a 1-year low of $1.85 and a 1-year high of $143.16. The company has a 50 day moving average price of $96.32 and a 200 day moving average price of $56.74.
AXT (NASDAQ:AXTI – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The company had revenue of $26.92 million for the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, sell-side analysts expect that AXT Inc will post 0.19 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the sale, the director directly owned 56,447 shares of the company’s stock, valued at $5,405,929.19. The trade was a 18.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David C. Chang sold 8,333 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the sale, the director directly owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 251,636 shares of company stock worth $27,789,677 in the last three months. 5.97% of the stock is currently owned by 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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