UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 9,032 Shares of AXT Inc $AXTI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in AXT Inc (NASDAQ:AXTI) by 11.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,925 shares of the semiconductor company’s stock after purchasing an additional 9,032 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of AXT worth $6,193,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. American Capital Advisory LLC acquired a new stake in shares of AXT in the 1st quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in AXT in the first quarter worth approximately $31,000. XTX Topco Ltd bought a new position in AXT in the second quarter worth approximately $42,000. Jefferies Financial Group Inc. acquired a new stake in AXT in the third quarter valued at approximately $52,000. Finally, Global Retirement Partners LLC bought a new stake in shares of AXT during the second quarter valued at approximately $55,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Trading Up 12.8%

Shares of AXT stock opened at $69.56 on Wednesday. The stock has a fifty day simple moving average of $62.39 and a 200 day simple moving average of $71.26. AXT Inc has a 12-month low of $3.02 and a 12-month high of $143.16. The company has a market capitalization of $4.56 billion, a P/E ratio of 3,478.00 and a beta of 1.92.

AXT (NASDAQ:AXTI) last issued 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. The business had revenue of $47.59 million for the quarter, compared to analysts’ expectations 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. On average, analysts predict that AXT Inc will post 0.8 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AXTI shares. Northland Securities set a $125.00 target price on AXT in a research report on Wednesday, June 3rd. Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. B. Riley Financial lowered their price objective on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. UBS Group set a $90.00 price objective on shares of AXT in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Insider Transactions at AXT

In related news, Director Leonard J. Leblanc sold 4,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were 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 of the company’s stock, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the completion of the transaction, the director owned 56,447 shares in the company, valued at approximately $5,405,929.19. The trade was a 18.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 33,505 shares of company stock worth $3,443,551 in the last 90 days. Insiders own 5.97% of the company’s stock.

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.