Canada Pension Plan Investment Board Takes $14.62 Million Position in AXT Inc $AXTI

Canada Pension Plan Investment Board bought a new position in shares of AXT Inc (NASDAQ:AXTI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 202,800 shares of the semiconductor company’s stock, valued at approximately $14,618,000.

Several other large investors also recently modified their holdings of the business. BlackRock Inc. purchased a new position in AXT during the 2nd quarter valued at about $365,607,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in AXT in the 4th quarter worth approximately $22,738,000. Alyeska Investment Group L.P. purchased a new stake in AXT in the 4th quarter worth approximately $20,187,000. Assenagon Asset Management S.A. grew its position in shares of AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after buying an additional 930,526 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of AXT by 1,314.6% in the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after buying an additional 840,650 shares during the last quarter. 49.52% of the stock is owned by institutional investors.

Insider Transactions at AXT

In other AXT news, Director Leonard J. Leblanc sold 4,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the transaction, the director owned 113,129 shares in the company, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Chang sold 8,333 shares of the firm’s 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 transaction, the director directly owned 65,165 shares of the company’s stock, valued at $7,244,393.05. This represents a 11.34% 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 in the last ninety days. 5.97% of the stock is owned by company insiders.

AXT Stock Performance

AXTI stock opened at $58.63 on Friday. AXT Inc has a fifty-two week low of $2.75 and a fifty-two week high of $143.16. The business’s 50 day moving average price is $64.40 and its two-hundred day moving average price is $69.20. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 2,931.50 and a beta of 1.90.

AXT (NASDAQ:AXTI) last announced its 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 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. Sell-side analysts forecast that AXT Inc will post 0.8 earnings per share for the current year.

Analyst Ratings Changes

AXTI has been the subject of a number of recent analyst reports. UBS Group set a $90.00 target price on AXT in a report on Friday, July 31st. B. Riley Financial cut their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Northland Securities set a $125.00 price objective on shares of AXT in a research report on Wednesday, June 3rd. Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a research 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 assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, AXT presently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

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.