Ratan Capital Management LP Buys New Position in AXT Inc $AXTI

Ratan Capital Management LP bought a new stake in shares of AXT Inc (NASDAQ:AXTI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 50,000 shares of the semiconductor company’s stock, valued at approximately $3,604,000. AXT comprises 1.2% of Ratan Capital Management LP’s investment portfolio, making the stock its 21st biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXTI. American Capital Advisory LLC purchased a new stake in shares of AXT during the 1st quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in AXT in the first quarter worth $31,000. XTX Topco Ltd purchased a new position in AXT in the second quarter worth $42,000. Jefferies Financial Group Inc. bought a new position in AXT in the third quarter valued at $52,000. Finally, Global Retirement Partners LLC bought a new position in AXT in the second quarter valued at $55,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

AXT Trading Down 12.4%

NASDAQ AXTI opened at $58.63 on Friday. AXT Inc has a 1-year low of $2.75 and a 1-year high of $143.16. The stock has a 50-day moving average of $64.40 and a 200-day moving average of $69.20. The firm has a market cap of $3.84 billion, a PE ratio of 2,931.50 and a beta of 1.90.

AXT (NASDAQ:AXTI) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.12. AXT had a return on equity of 0.96% and a net margin of 3.23%.The business had revenue of $47.59 million for the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, equities research analysts forecast that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. B. Riley Financial reduced their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. UBS Group set a $90.00 price objective on AXT in a report on Friday, July 31st. Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research report on Friday, July 31st. Finally, Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, AXT currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Insider Activity

In related news, Director Leonard J. Leblanc sold 4,000 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the completion of the sale, the director directly owned 113,129 shares in the company, valued at $10,868,303.03. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jesse Chen sold 13,000 shares of the stock in a transaction 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 directly owned 56,447 shares of the company’s stock, valued at $5,405,929.19. The trade was a 18.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 258,136 shares of company stock worth $28,395,372 over the last ninety days. Company 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.