Swiss National Bank Buys Shares of 103,900 AXT Inc $AXTI

Swiss National Bank bought a new stake in shares of AXT Inc (NASDAQ:AXTI) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 103,900 shares of the semiconductor company’s stock, valued at approximately $5,920,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in shares of AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after purchasing an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in AXT during the 4th quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. bought a new position in AXT during the 4th quarter worth $20,187,000. Jane Street Group LLC grew its stake in AXT by 1,314.6% during the 4th 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 last quarter. Finally, Ariose Capital Management Ltd acquired a new stake in AXT in the first quarter worth $39,061,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at AXT

In related news, Director David C. Chang sold 8,333 shares of AXT 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 sale, the director directly owned 65,165 shares in the company, valued at $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Morris S. Young sold 123,601 shares of the company’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 completion of the sale, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. The trade was a 5.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. B. Riley Financial cut their target price on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday. Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. Finally, Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Two 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $50.00.

AXT Trading Down 10.7%

Shares of NASDAQ AXTI opened at $42.76 on Wednesday. AXT Inc has a 12-month low of $1.85 and a 12-month high of $143.16. The company has a market cap of $2.80 billion, a PE ratio of -137.93 and a beta of 1.86. The stock has a 50 day simple moving average of $80.27 and a 200-day simple moving average of $61.50.

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