AXT Inc $AXTI Position Increased by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. raised its position in AXT Inc (NASDAQ:AXTI) by 2,333,600.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,337 shares of the semiconductor company’s stock after purchasing an additional 23,336 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd. owned approximately 0.05% of AXT worth $105,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AXTI. XTX Topco Ltd acquired a new stake in shares of AXT during the 2nd quarter valued at about $42,000. Jefferies Financial Group Inc. acquired a new position in AXT in the third quarter worth approximately $52,000. Creative Planning bought a new position in AXT during the second quarter valued at approximately $86,000. Assenagon Asset Management S.A. raised its position in AXT by 12.4% during the third quarter. Assenagon Asset Management S.A. now owns 22,952 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 2,540 shares in the last quarter. Finally, Wesbanco Bank Inc. acquired a new stake in AXT in the third quarter valued at approximately $112,000. 49.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Jesse Chen sold 11,147 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $38.26, for a total transaction of $426,484.22. Following the completion of the sale, the director owned 167,064 shares in the company, valued at $6,391,868.64. This represents a 6.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Morris S. Young sold 159,536 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $43.32, for a total value of $6,911,099.52. Following the completion of the sale, the chief executive officer directly owned 2,482,038 shares in the company, valued at $107,521,886.16. This trade represents a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 246,810 shares of company stock valued at $9,782,640. 8.80% of the stock is owned by insiders.

AXT Trading Down 16.6%

NASDAQ AXTI opened at $32.37 on Monday. The company has a fifty day simple moving average of $24.46 and a 200 day simple moving average of $13.55. The company has a market cap of $1.79 billion, a P/E ratio of -67.44 and a beta of 1.74. AXT Inc has a 1 year low of $1.13 and a 1 year high of $47.03.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, February 19th. The semiconductor company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The firm had revenue of $23.04 million during the quarter, compared to the consensus estimate of $24.24 million. AXT had a negative return on equity of 10.59% and a negative net margin of 24.07%. Equities research analysts forecast that AXT Inc will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. B. Riley Financial boosted their target price on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Craig Hallum reaffirmed a “buy” rating on shares of AXT in a research note on Friday, January 9th. Wedbush upped their price objective on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Needham & Company LLC downgraded shares of AXT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Finally, UBS Group set a $35.00 target price on AXT in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.80.

Key Headlines Impacting AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Major institutional investors built sizable Q4 positions (e.g., Davidson Kempner, Point72, Jane Street, CloudAlpha, Alyeska), which provides underlying demand and longer‑term support for the stock.
• Positive Sentiment: Street commentary highlights AXT’s exposure to compound‑semiconductor substrates (GaAs/InP/GaN), a secular area in RF/wireless and optoelectronics that can attract growth‑oriented sector buyers. Read More.
• Neutral Sentiment: Analyst coverage is mixed (buy/hold/sell split) and the consensus price target sits below recent trading, so analyst notes are unlikely to be an immediate directional catalyst. Read More.
• Neutral Sentiment: Public short‑interest data appears inconsistent/zero in feeds, so there’s no clear short‑squeeze explanation for today’s move; technical momentum has been strong but may be decelerating. Read More.
• Negative Sentiment: Significant insider selling this week: CEO Morris Young sold ~159,536 shares (~$6.9M at reported averages) and directors Jesse Chen and David C. Chang sold large blocks across multiple days — a strong near‑term negative that likely increased selling pressure. Read More. • Read More.
• Negative Sentiment: Q4 FY2025 results missed revenue and EPS expectations (revenue ≈ $23.0M; EPS miss), and the company remains unprofitable with negative margins — fundamentals that justify caution until revenue/profitability trends improve. Read More.
• Negative Sentiment: Net insider activity in recent weeks is heavily skewed to selling with few reported buys, a governance/sentiment headwind that likely exacerbated short‑term outflows and contributed to today’s decline. Read More.

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.