AXT Inc $AXTI Shares Sold by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its holdings in shares of AXT Inc (NASDAQ:AXTI) by 90.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,764 shares of the semiconductor company’s stock after selling 16,119 shares during the period. NewEdge Advisors LLC’s holdings in AXT were worth $101,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AXTI. Assenagon Asset Management S.A. lifted its position in shares of AXT by 161.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after acquiring an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of AXT in the 4th quarter worth $22,738,000. Alyeska Investment Group L.P. acquired a new stake in shares of AXT during the fourth quarter worth $20,187,000. Jane Street Group LLC raised its position in shares of AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after purchasing an additional 840,650 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of AXT by 112.0% during the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after purchasing an additional 410,181 shares during the last quarter. Institutional investors and hedge funds own 49.52% of the company’s stock.

Insider Buying and Selling

In other AXT news, Director Jesse Chen sold 6,172 shares of AXT stock in a transaction on Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the completion of the sale, the director owned 50,275 shares of the company’s stock, valued at $5,793,691. This trade represents a 10.93% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction 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 transaction, the director owned 65,165 shares in the company, valued at approximately $7,244,393.05. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 258,136 shares of company stock worth $28,395,372. 5.97% of the stock is owned by company insiders.

AXT Trading Down 3.4%

NASDAQ:AXTI opened at $65.18 on Thursday. The business’s fifty day moving average price is $65.27 and its 200 day moving average price is $68.97. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 3,259.00 and a beta of 1.90. AXT Inc has a 1-year low of $2.75 and a 1-year high of $143.16.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. AXT had a return on equity of 0.96% and a net margin of 3.23%.The firm 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. Equities analysts forecast that AXT Inc will post 0.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AXTI. B. Riley Financial decreased their price target on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. UBS Group set a $90.00 target price on shares of AXT in a report on Friday, July 31st. Northland Securities set a $125.00 target price on shares of AXT in a research report on Wednesday, June 3rd. Finally, Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a report 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, AXT has a consensus rating of “Moderate Buy” and an average target price of $77.00.

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.