Persistent Asset Partners Ltd Invests $5.03 Million in AXT Inc $AXTI

Persistent Asset Partners Ltd purchased a new position in shares of AXT Inc (NASDAQ:AXTI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 307,611 shares of the semiconductor company’s stock, valued at approximately $5,029,000. AXT accounts for about 2.3% of Persistent Asset Partners Ltd’s holdings, making the stock its 6th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of AXT during the fourth quarter worth about $22,738,000. Alyeska Investment Group L.P. acquired a new position in shares of AXT in the fourth quarter worth approximately $20,187,000. Jane Street Group LLC lifted its stake in shares of AXT by 1,314.6% in the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after acquiring an additional 840,650 shares during the period. Maytree Asset Management Ltd acquired a new position in shares of AXT in the fourth quarter worth approximately $11,156,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of AXT by 2,404.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 574,828 shares of the semiconductor company’s stock worth $9,398,000 after acquiring an additional 551,876 shares during the period. 49.52% of the stock is currently owned by institutional investors.

Insider Activity at AXT

In other AXT news, Director Jesse Chen sold 13,000 shares of the business’s 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 transaction, the director directly owned 56,447 shares of the company’s stock, valued at approximately $5,405,929.19. The trade was a 18.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total value 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 trade represents a 5.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 237,131 shares of company stock worth $26,152,036. Insiders own 5.97% of the company’s stock.

AXT Price Performance

AXT stock opened at $93.04 on Wednesday. The stock’s 50 day moving average is $94.46 and its 200 day moving average is $51.44. The firm has a market cap of $6.09 billion, a P/E ratio of -300.12 and a beta of 1.80. AXT Inc has a one year low of $1.80 and a one year high of $143.16.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The firm had revenue of $26.92 million for the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities analysts anticipate that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. UBS Group set a $35.00 price objective on AXT in a research note on Tuesday, February 17th. B. Riley Financial lifted their price objective on AXT to $21.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. Wedbush lifted their price objective on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, Northland Securities set a $125.00 price objective on AXT in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $43.80.

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.