E20 Capital Ltd Lowers Stake in AXT Inc $AXTI

E20 Capital Ltd decreased its holdings in AXT Inc (NASDAQ:AXTI) by 32.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,068,550 shares of the semiconductor company’s stock after selling 973,731 shares during the quarter. AXT accounts for about 11.1% of E20 Capital Ltd’s investment portfolio, making the stock its 2nd largest position. E20 Capital Ltd’s holdings in AXT were worth $117,866,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AXTI. CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of AXT in the 4th quarter worth $22,738,000. Maytree Asset Management Ltd purchased a new stake in AXT during the fourth quarter valued at about $11,156,000. Allworth Financial LP grew its position in AXT by 3,764.7% during the fourth quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company’s stock valued at $190,000 after acquiring an additional 11,294 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in AXT during the fourth quarter worth about $1,014,000. Finally, Rokos Capital Management LLP acquired a new stake in AXT during the first quarter worth about $18,842,000. 49.52% of the stock is currently owned by institutional investors.

More AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Q2 results exceeded expectations. AXT reported revenue of $47.6 million, up approximately 165% year over year and ahead of the $34.8 million consensus estimate. EPS was reported at $0.17-$0.19, versus expectations of $0.07. Gross profit reached $21.4 million, while operating profit was $10.4 million and net income attributable to common shareholders was $11.1 million. AXT Second Quarter 2026 Financial Results
• Positive Sentiment: Guidance was far above analyst estimates. For the third quarter, management projected EPS of $0.30-$0.32, compared with the $0.10 consensus, and revenue of approximately $66 million, versus an estimate of $38.7 million. The forecast suggests continued acceleration in demand and operating leverage. AXT Stock Rips Higher After Q2 Earnings
• Positive Sentiment: AI-related demand is supporting the growth narrative. Management cited strong customer demand for data-center optical connectivity, while recent manufacturing expansion and customer additions are positioning AXT to benefit from AI infrastructure investment. AXT Surges After Q2 Results
• Positive Sentiment: A long-term Lumentum agreement improves visibility. AXT secured a capacity reservation and supply agreement for indium phosphide wafer substrates, potentially providing more predictable future demand from a major optical-components customer. AXT Long-Term Supplier Agreement with Lumentum

Analyst Ratings Changes

AXTI has been the topic of several research analyst reports. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Northland Securities set a $125.00 target price on shares of AXT in a research report on Wednesday, June 3rd. Finally, B. Riley Financial cut their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.00.

Insider Buying and Selling

In other news, Director Jesse Chen sold 13,000 shares of AXT stock in a transaction that occurred on 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 sale, the director owned 56,447 shares in the company, valued at $5,405,929.19. This trade represents a 18.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David C. Chang sold 8,333 shares of AXT stock in a transaction that occurred on 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 owned 65,165 shares in the company, valued at $7,244,393.05. This represents a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 251,636 shares of company stock valued at $27,789,677. Corporate insiders own 5.97% of the company’s stock.

AXT Price Performance

Shares of AXTI opened at $46.94 on Friday. The stock’s 50-day moving average is $77.44 and its two-hundred day moving average is $61.74. The stock has a market cap of $3.07 billion, a PE ratio of -151.41 and a beta of 1.86. AXT Inc has a 12 month low of $1.85 and a 12 month high of $143.16.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The business had revenue of $47.59 million during the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, research analysts anticipate that AXT Inc will post 0.19 earnings per share for the current year.

AXT 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.