GTS Securities LLC Buys New Position in AXT Inc $AXTI

GTS Securities LLC bought a new stake in shares of AXT Inc (NASDAQ:AXTI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,742 shares of the semiconductor company’s stock, valued at approximately $991,000.

A number of other hedge funds have also added to or reduced their stakes in the business. CloudAlpha Capital Management Limited Hong Kong acquired a new position in AXT in the fourth quarter valued at approximately $22,738,000. California State Teachers Retirement System acquired a new stake in shares of AXT during the 1st quarter worth approximately $3,670,000. Maytree Asset Management Ltd acquired a new stake in shares of AXT during the 4th quarter worth approximately $11,156,000. Bank of America Corp DE increased its stake in shares of AXT by 112.0% in the 1st quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after acquiring an additional 410,181 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of AXT during the 1st quarter valued at $1,395,000. 49.52% of the stock is currently owned by institutional investors.

AXT Stock Down 12.4%

Shares of NASDAQ:AXTI opened at $58.63 on Friday. AXT Inc has a twelve month low of $2.75 and a twelve month high of $143.16. The stock’s 50 day moving average is $64.40 and its 200-day moving average is $69.20. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 2,931.50 and a beta of 1.90.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.12. The business had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT had a net margin of 3.23% and a return on equity of 0.96%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Equities research analysts anticipate that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. B. Riley Financial cut their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. UBS Group set a $90.00 price target on shares of AXT in a research note on Friday, July 31st. Needham & Company LLC upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a report on Friday, July 31st. Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Insider Buying and Selling at AXT

In other news, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction of $926,379.61. Following the completion of the sale, the director directly owned 65,165 shares of the company’s stock, valued at $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the sale, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. The trade was 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 258,136 shares of company stock valued at $28,395,372 over the last ninety days. 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.