359,481 Shares in AXT Inc $AXTI Purchased by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in AXT Inc (NASDAQ:AXTI) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 359,481 shares of the semiconductor company’s stock, valued at approximately $25,911,000. Wellington Management Group LLP owned approximately 0.55% of AXT at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC acquired a new position in shares of AXT during the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of AXT in the first quarter worth approximately $31,000. XTX Topco Ltd purchased a new stake in shares of AXT during the second quarter worth approximately $42,000. Jefferies Financial Group Inc. purchased a new stake in shares of AXT during the third quarter worth approximately $52,000. Finally, Global Retirement Partners LLC acquired a new position in AXT in the 2nd quarter valued at $55,000. 49.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AXT

In other news, Director Leonard J. Leblanc sold 4,000 shares of AXT stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David C. Chang sold 8,333 shares of AXT stock in a transaction that occurred 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 sale, the director directly owned 65,165 shares in the company, valued at approximately $7,244,393.05. The trade was a 11.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 50,505 shares of company stock worth $4,972,866 in the last ninety days. 5.97% of the stock is owned by insiders.

AXT Stock Up 9.7%

Shares of AXTI opened at $61.64 on Friday. AXT Inc has a 52-week low of $2.98 and a 52-week high of $143.16. The stock has a fifty day simple moving average of $62.64 and a two-hundred day simple moving average of $70.35. The company has a market capitalization of $4.04 billion, a PE ratio of 3,082.00 and a beta of 1.92.

AXT (NASDAQ:AXTI) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating 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 firm had revenue of $47.59 million for the quarter, compared to analysts’ expectations of $34.08 million. 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.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AXTI shares. Northland Securities set a $125.00 target price 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 report on Tuesday, August 11th. B. Riley Financial decreased their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Weiss Ratings raised shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Finally, Needham & Company LLC upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a 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 assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average 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.