Jupiter Topco LLC Takes $3.81 Million Position in AXT Inc $AXTI

Jupiter Topco LLC purchased a new position in shares of AXT Inc (NASDAQ:AXTI) in the 2nd quarter, Holdings Channel reports. The fund purchased 52,795 shares of the semiconductor company’s stock, valued at approximately $3,805,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in AXT during the 2nd quarter valued at about $365,607,000. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of AXT in the fourth quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. bought a new stake in shares of AXT during the fourth quarter valued at approximately $20,187,000. Assenagon Asset Management S.A. boosted its position in shares of AXT by 161.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after buying an additional 930,526 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after buying an additional 840,650 shares during the period. 49.52% of the stock is currently owned by institutional investors.

Insider Transactions at AXT

In related news, Director David C. Chang sold 8,333 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $111.17, for a total transaction 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. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leonard J. Leblanc sold 4,000 shares of AXT stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the transaction, the director directly owned 113,129 shares in the company, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 56,638 shares of company stock valued at $5,636,947. Corporate insiders own 5.97% of the company’s stock.

AXT Price Performance

NASDAQ AXTI opened at $56.11 on Wednesday. AXT Inc has a 12 month low of $2.83 and a 12 month high of $143.16. The firm has a market capitalization of $3.68 billion, a PE ratio of 2,805.50 and a beta of 1.92. The company’s 50 day simple moving average is $63.32 and its 200 day simple moving average is $69.95.

AXT (NASDAQ:AXTI) last released its earnings results 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. The firm had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Sell-side analysts anticipate that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. UBS Group set a $90.00 price objective on AXT in a report on Friday, July 31st. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. B. Riley Financial decreased their price target on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Friday, July 31st. Finally, Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.00.

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.