Jefferies Financial Group Inc. Acquires Shares of 39,355 AXT Inc $AXTI

Jefferies Financial Group Inc. acquired a new stake in AXT Inc (NASDAQ:AXTI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 39,355 shares of the semiconductor company’s stock, valued at approximately $2,837,000.

A number of other institutional investors have also modified their holdings of AXTI. Acadian Asset Management LLC raised its position in AXT by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 8,039 shares during the last quarter. Creative Planning purchased a new position in AXT during the 2nd quarter worth $86,000. XTX Topco Ltd acquired a new position in AXT in the second quarter valued at $42,000. Dimensional Fund Advisors LP purchased a new stake in shares of AXT in the third quarter valued at about $145,000. Finally, Ancora Advisors LLC purchased a new stake in shares of AXT in the third quarter valued at about $112,000. 49.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AXT

In other AXT news, Director Leonard J. Leblanc sold 4,000 shares of the business’s 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Chang sold 8,333 shares of the company’s stock in a transaction on Monday, June 15th. The stock was 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 in the company, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 258,136 shares of company stock valued at $28,395,372. 5.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group set a $90.00 price target on AXT in a report on Friday, July 31st. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded 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 target for the company in a report on Friday, July 31st. One equities research 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, AXT has an average rating of “Moderate Buy” and an average target price of $77.00.

AXT Stock Down 12.4%

Shares of NASDAQ:AXTI opened at $58.63 on Friday. AXT Inc has a 52 week low of $2.75 and a 52 week high of $143.16. The company has a 50-day moving average price of $64.40 and a 200 day moving average price of $69.20. The company has a market cap of $3.84 billion, a P/E ratio of 2,931.50 and a beta of 1.90.

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

AXT Company 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.