19,300 Shares in AXT Inc $AXTI Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB purchased a new stake in shares of AXT Inc (NASDAQ:AXTI) in the 2nd quarter, Holdings Channel reports. The fund purchased 19,300 shares of the semiconductor company’s stock, valued at approximately $1,391,000.

A number of other hedge funds have also recently bought and sold shares of AXTI. Acadian Asset Management LLC raised its stake in shares of AXT by 2.8% during the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock worth $412,000 after purchasing an additional 8,039 shares in the last quarter. Creative Planning bought a new position in shares of AXT in the second quarter valued at $86,000. XTX Topco Ltd acquired a new position in AXT during the second quarter worth $42,000. Dimensional Fund Advisors LP acquired a new position in AXT during the third quarter worth $145,000. Finally, Jefferies Financial Group Inc. bought a new stake in AXT during the third quarter worth $52,000. 49.52% of the stock is currently owned by institutional investors.

Key Stories Impacting AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Reports that InP supply is tightening and prices could rise by roughly 10% have raised expectations for improved pricing and margins at AXT. New AI-related deals and stronger demand for optical components add to the potential upside. Why AXT Is Up After Indium Phosphide Supply Tightens Amid New AI Deals
• Positive Sentiment: AXT’s recent post-earnings momentum has been supported by record InP revenue, AI data-center demand and potential long-term supply agreements. Its latest quarterly results also exceeded expectations, with earnings and revenue well above consensus, while management provided third-quarter EPS guidance of $0.30–$0.32.
• Neutral Sentiment: AXT announced participation in several upcoming semiconductor and technology conferences, including the Needham, B. Riley and Morgan Stanley events. These presentations could provide updates on demand and supply agreements but do not represent a new contract or financial forecast. AXT Announces Financial Conference Participation
• Neutral Sentiment: Tradr launched exchange-traded products tied to AXT and other optical and AI-related companies. The launch may increase trading visibility but does not directly change AXT’s fundamentals.
• Negative Sentiment: Optics stocks, including AXT, sold off as investors reacted to reports raising concerns about AI spending and reassessed companies that had already posted very large year-to-date gains. AXT’s premium valuation and sharp recent rally make it particularly sensitive to profit-taking and changes in AI-demand expectations. Optics Stocks Drop on Anthropic News and WSJ Report

Analyst Ratings Changes

A number of analysts have commented on the stock. Northland Securities set a $125.00 price target on shares of AXT in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday. B. Riley Financial cut 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. Finally, Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Insider Buying and Selling

In related news, Director Jesse Chen sold 6,172 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $115.24, for a total value of $711,261.28. Following the transaction, the director owned 50,275 shares in the company, valued at approximately $5,793,691. This represents a 10.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Morris S. Young sold 123,601 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the completion of the transaction, the chief executive officer directly owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. This represents a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 251,636 shares of company stock valued at $27,789,677. Company insiders own 5.97% of the company’s stock.

AXT Price Performance

Shares of AXT stock opened at $82.31 on Wednesday. The business has a fifty day simple moving average of $68.30 and a two-hundred day simple moving average of $66.86. AXT Inc has a 1 year low of $2.07 and a 1 year high of $143.16. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 4,115.50 and a beta of 1.90.

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