SBI Securities Co. Ltd. Purchases 64,729 Shares of AXT Inc $AXTI

SBI Securities Co. Ltd. grew its position in AXT Inc (NASDAQ:AXTI) by 1,831.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 68,264 shares of the semiconductor company’s stock after purchasing an additional 64,729 shares during the quarter. SBI Securities Co. Ltd.’s holdings in AXT were worth $5,284,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Reyes Financial Architecture Inc. acquired a new stake in shares of AXT during the third quarter worth $42,000. Crossmark Global Holdings Inc. bought a new position in AXT during the third quarter worth $244,000. Capstone Capital Management Ltd lifted its holdings in AXT by 106.7% in the third quarter. Capstone Capital Management Ltd now owns 75,650 shares of the semiconductor company’s stock valued at $5,856,000 after buying an additional 39,059 shares during the period. State of Alaska Department of Revenue acquired a new position in AXT in the third quarter valued at $834,000. Finally, Dupree Financial Group LLC lifted its holdings in AXT by 2.9% in the third quarter. Dupree Financial Group LLC now owns 14,349 shares of the semiconductor company’s stock valued at $1,111,000 after buying an additional 400 shares during the period. 49.52% of the stock is owned by institutional investors.

Insider Transactions at AXT

In related news, Director Leonard Leblanc sold 4,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the transaction, the director directly owned 113,129 shares of the company’s stock, valued at $10,868,303.03. This represents a 3.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group set a $90.00 price target on shares of AXT in a research report on Friday, July 31st. B. Riley Financial lowered their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Zacks Research lowered AXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Finally, Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $77.00.

AXT Stock Down 13.0%

Shares of AXTI stock opened at $51.56 on Friday. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 2,578.00 and a beta of 1.86. AXT Inc has a 52 week low of $4.90 and a 52 week high of $143.16. The firm has a 50 day moving average of $68.68 and a 200-day moving average of $76.32.

AXT (NASDAQ:AXTI) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. AXT had a net margin of 3.23% and a return on equity of 0.96%. The company had revenue of $47.59 million during the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Analysts anticipate that AXT Inc will post 0.80 earnings per share for the current year.

AXT Profile

AXT, Inc develops and manufactures compound semiconductor substrates used as the foundation for various high-performance electronic and optoelectronic devices. Its principal products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with other specialty materials such as gallium antimonide and indium arsenide.

The company’s substrates are used in applications including wireless communications, fiber-optic and data-center networks, lasers, light-emitting diodes, solar cells, consumer electronics, and aerospace and defense systems.