Polymer Capital Management HK LTD Buys New Shares in AXT Inc $AXTI

Polymer Capital Management HK LTD bought a new position in shares of AXT Inc (NASDAQ:AXTI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,491 shares of the semiconductor company’s stock, valued at approximately $1,045,000.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in AXT in the second quarter valued at $365,607,000. Assenagon Asset Management S.A. raised its holdings in shares of AXT by 161.9% during the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after purchasing an additional 930,526 shares during the period. CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of AXT during the 4th quarter worth about $22,738,000. Alyeska Investment Group L.P. bought a new position in shares of AXT during the 4th quarter worth about $20,187,000. Finally, Jane Street Group LLC grew its stake 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 valued at $14,790,000 after buying an additional 840,650 shares during the period. 49.52% of the stock is currently owned by institutional investors and hedge funds.

AXT Price Performance

Shares of NASDAQ AXTI opened at $70.74 on Monday. The stock has a market capitalization of $4.64 billion, a P/E ratio of 3,537.00 and a beta of 1.90. The company has a 50-day moving average price of $67.22 and a 200-day moving average price of $67.99. AXT Inc has a 1 year low of $2.50 and a 1 year high of $143.16.

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

Insider Buying and Selling

In other AXT news, Director Leonard J. Leblanc sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $384,280.00. Following the completion of the sale, the director directly owned 113,129 shares of the company’s stock, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jesse Chen sold 13,000 shares of the 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 completion of the sale, the director directly owned 56,447 shares of the company’s stock, valued at approximately $5,405,929.19. This trade represents a 18.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 258,136 shares of company stock worth $28,395,372 over the last 90 days. Company insiders own 5.97% of the company’s stock.

Analyst Ratings Changes

AXTI has been the subject of a number of research analyst reports. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Zacks Research upgraded AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. 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 note on Friday, July 31st. Northland Securities set a $125.00 price objective on AXT in a report on Wednesday, June 3rd. Finally, UBS Group set a $90.00 target price on AXT in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.