AXT Inc $AXTI Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC increased its position in shares of AXT Inc (NASDAQ:AXTI) by 1,347.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 312,999 shares of the semiconductor company’s stock after acquiring an additional 291,368 shares during the period. Squarepoint Ops LLC’s holdings in AXT were worth $22,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC acquired a new stake in shares of AXT during the first quarter worth about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in AXT during the 1st quarter worth approximately $31,000. Global Retirement Partners LLC acquired a new stake in AXT during the 2nd quarter worth approximately $55,000. Leonteq Securities AG purchased a new stake in shares of AXT during the first quarter worth $57,000. Finally, Tema ETFs LLC acquired a new stake in shares of AXT in the second quarter valued at $105,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

AXT Stock Up 12.8%

Shares of NASDAQ:AXTI opened at $69.56 on Wednesday. The company has a market cap of $4.56 billion, a price-to-earnings ratio of 3,478.00 and a beta of 1.92. The firm’s 50-day simple moving average is $62.39 and its 200-day simple moving average is $71.26. AXT Inc has a fifty-two week low of $3.02 and a fifty-two week high of $143.16.

AXT (NASDAQ:AXTI) last released its quarterly earnings data 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. The firm had revenue of $47.59 million during 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, research analysts forecast that AXT Inc will post 0.8 EPS for the current year.

Analyst Upgrades and Downgrades

AXTI has been the subject of a number of analyst reports. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research report on Friday, July 31st. Northland Securities set a $125.00 price objective on shares of AXT in a report on Wednesday, June 3rd. B. Riley Financial lowered their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research note on Tuesday, July 28th. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Finally, Zacks Research upgraded AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One research 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 stock. According to data from MarketBeat.com, AXT presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Insider Transactions at AXT

In related news, Director Jesse Chen sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $95.77, for a total value 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 represents a 18.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David C. Chang sold 8,333 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the sale, the director owned 65,165 shares in the company, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,505 shares of company stock valued at $3,443,551 in the last 90 days. 5.97% of the stock is currently owned by insiders.

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.