Hsbc Holdings PLC Purchases New Stake in AXT Inc $AXTI

Hsbc Holdings PLC bought a new stake in AXT Inc (NASDAQ:AXTI) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 20,673 shares of the semiconductor company’s stock, valued at approximately $1,162,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Capital Advisory LLC purchased a new stake in shares of AXT in the first quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of AXT during the 1st quarter worth approximately $31,000. XTX Topco Ltd acquired a new position in shares of AXT during the 2nd quarter worth approximately $42,000. Jefferies Financial Group Inc. purchased a new stake in AXT in the 3rd quarter valued at approximately $52,000. Finally, Leonteq Securities AG purchased a new stake in AXT in the 1st quarter valued at approximately $57,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

AXT Stock Down 10.7%

AXTI opened at $42.76 on Wednesday. AXT Inc has a 52-week low of $1.85 and a 52-week high of $143.16. The company has a 50 day moving average of $80.27 and a two-hundred day moving average of $61.50. The company has a market cap of $2.80 billion, a P/E ratio of -137.93 and a beta of 1.86.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The business had revenue of $26.92 million for the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Research analysts anticipate that AXT Inc will post 0.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AXTI shares. Northland Securities set a $125.00 price target on AXT in a research report on Wednesday, June 3rd. B. Riley Financial lowered their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $50.00.

Insiders Place Their Bets

In other news, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction of $926,379.61. Following the transaction, the director directly owned 65,165 shares of the company’s stock, valued at approximately $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Morris S. Young sold 123,601 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the completion of the transaction, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. This trade represents a 5.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 251,636 shares of company stock worth $27,789,677 in the last 90 days. 5.97% of the stock is owned by company insiders.

AXT 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.