Tairen Capital Ltd Invests $10.09 Million in AXT Inc $AXTI

Tairen Capital Ltd bought a new stake in shares of AXT Inc (NASDAQ:AXTI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 140,000 shares of the semiconductor company’s stock, valued at approximately $10,091,000. AXT accounts for approximately 0.9% of Tairen Capital Ltd’s investment portfolio, making the stock its 20th biggest holding.

Several other institutional investors also recently added to or reduced their stakes in AXTI. BlackRock Inc. acquired a new position in shares of AXT during the second quarter worth approximately $365,607,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in AXT during the 4th quarter valued at $22,738,000. Alyeska Investment Group L.P. bought a new stake in AXT in the 4th quarter valued at $20,187,000. Assenagon Asset Management S.A. increased its holdings 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 worth $85,775,000 after purchasing an additional 930,526 shares during the period. Finally, 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 valued at $14,790,000 after buying an additional 840,650 shares during the period. 49.52% of the stock is owned by institutional investors.

AXT Stock Performance

NASDAQ:AXTI opened at $70.74 on Monday. The stock’s fifty day moving average price is $67.22 and its two-hundred day moving average price is $67.99. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 3,537.00 and a beta of 1.90. AXT Inc has a 52-week low of $2.50 and a 52-week high of $143.16.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on AXTI. Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. B. Riley Financial lowered their target price 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 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 AXT in a report on Friday, July 31st. Finally, Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. One equities research 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’s stock. Based on data from MarketBeat, AXT currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Insider Buying and Selling at AXT

In other AXT news, Director Jesse Chen sold 13,000 shares of AXT stock in a transaction on Friday, June 12th. The shares were sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the completion of the sale, the director 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leonard J. Leblanc sold 4,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the sale, the director owned 113,129 shares of the company’s stock, valued at $10,868,303.03. This represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 258,136 shares of company stock worth $28,395,372 over the last quarter. Company insiders own 5.97% of the company’s stock.

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.