40,644 Shares in AXT Inc $AXTI Purchased by Mangrove Partners IM LLC

Mangrove Partners IM LLC purchased a new position in AXT Inc (NASDAQ:AXTI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,644 shares of the semiconductor company’s stock, valued at approximately $665,000.

Several other hedge funds have also recently added to or reduced their stakes in AXTI. XTX Topco Ltd acquired a new position in AXT in the second quarter worth about $42,000. Jefferies Financial Group Inc. acquired a new stake in shares of AXT in the 3rd quarter valued at $52,000. State of Wyoming acquired a new stake in shares of AXT in the 4th quarter valued at $69,000. Creative Planning bought a new position in AXT in the second quarter valued at approximately $86,000. Finally, Kestra Advisory Services LLC bought a new position in AXT in the fourth quarter valued at approximately $98,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

Insider Buying and Selling at AXT

In other news, CEO Morris S. Young sold 123,601 shares of the stock in a transaction on Tuesday, June 2nd. The shares were 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 in the company, valued at $243,606,574.89. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jesse Chen sold 13,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the sale, the director owned 56,447 shares of the company’s stock, valued at approximately $5,405,929.19. This trade represents a 18.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 237,131 shares of company stock valued at $26,152,036. 5.97% of the stock is currently owned by corporate insiders.

AXT Trading Down 16.0%

Shares of AXTI stock opened at $93.04 on Wednesday. AXT Inc has a 12 month low of $1.80 and a 12 month high of $143.16. The business’s 50-day moving average price is $94.46 and its 200-day moving average price is $51.44. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of -300.12 and a beta of 1.80.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The firm had revenue of $26.92 million during the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, sell-side analysts predict that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

AXTI has been the topic of a number of recent analyst reports. Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. B. Riley Financial lifted their price target on shares of AXT to $21.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. UBS Group set a $35.00 price objective on shares of AXT in a research note on Tuesday, February 17th. Finally, Wedbush upped their price target on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.80.

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.