Hsbc Holdings PLC Buys New Shares in AXT Inc $AXTI

Hsbc Holdings PLC bought a new position in shares of AXT Inc (NASDAQ:AXTI) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,673 shares of the semiconductor company’s stock, valued at approximately $1,162,000.

A number of other hedge funds also recently bought and sold shares of the stock. CloudAlpha Capital Management Limited Hong Kong purchased a new position in AXT in the fourth quarter worth approximately $22,738,000. Maytree Asset Management Ltd purchased a new stake in shares of AXT during the 4th quarter worth $11,156,000. Allworth Financial LP lifted its position in shares of AXT by 3,764.7% during the 4th quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company’s stock worth $190,000 after purchasing an additional 11,294 shares during the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of AXT during the fourth quarter worth $1,014,000. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new position in shares of AXT during the fourth quarter worth $1,956,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Price Performance

NASDAQ AXTI opened at $42.76 on Wednesday. The firm’s fifty day moving average price is $80.27 and its 200 day moving average price is $61.50. AXT Inc has a 12 month low of $1.85 and a 12 month high of $143.16. The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of -137.93 and a beta of 1.86.

AXT (NASDAQ:AXTI) last released its quarterly earnings data 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 company had revenue of $26.92 million during the quarter, compared to the consensus estimate of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, sell-side analysts forecast that AXT Inc will post 0.19 earnings per share for the current year.

Insider Activity at AXT

In related news, Director Jesse Chen sold 6,172 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $115.24, for a total transaction of $711,261.28. Following the transaction, the director owned 50,275 shares in the company, valued at $5,793,691. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David C. Chang sold 8,333 shares of AXT stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value 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 position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 251,636 shares of company stock valued at $27,789,677 in the last three months. 5.97% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.