AXT Inc $AXTI Stock Bought by Capstone Capital Management Ltd

Capstone Capital Management Ltd lifted its holdings in AXT Inc (NASDAQ:AXTI) by 106.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,650 shares of the semiconductor company’s stock after purchasing an additional 39,059 shares during the quarter. AXT accounts for approximately 2.3% of Capstone Capital Management Ltd’s investment portfolio, making the stock its 7th biggest holding. Capstone Capital Management Ltd owned 0.12% of AXT worth $5,856,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of AXT during the 2nd quarter worth approximately $365,607,000. Assenagon Asset Management S.A. grew its holdings in 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 worth $85,775,000 after purchasing an additional 930,526 shares during the period. Bank of America Corp DE bought a new stake in AXT in the second quarter valued at approximately $46,062,000. Ariose Capital Management Ltd acquired a new stake in shares of AXT in the first quarter valued at approximately $39,061,000. Finally, Wellington Management Group LLP acquired a new position in shares of AXT during the 2nd quarter worth approximately $25,911,000. 49.52% of the stock is owned by institutional investors.

AXT Price Performance

Shares of AXTI opened at $57.09 on Wednesday. The firm has a 50 day simple moving average of $69.58 and a two-hundred day simple moving average of $76.28. AXT Inc has a one year low of $4.81 and a one year high of $143.16. The company has a market cap of $3.74 billion, a P/E ratio of 2,854.50 and a beta of 1.86.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The firm had revenue of $47.59 million for the quarter, compared to analysts’ expectations 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, analysts expect that AXT Inc will post 0.80 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Friday, July 31st. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. B. Riley Financial dropped their target price on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. UBS Group set a $90.00 target price on shares of AXT in a research report on Friday, July 31st. Finally, Zacks Research downgraded shares of AXT from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 29th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $77.00.

Insiders Place Their Bets

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 113,129 shares in the company, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.97% of the stock is owned by insiders.

AXT Profile

AXT, Inc develops and manufactures compound semiconductor substrates used as the foundation for various high-performance electronic and optoelectronic devices. Its principal products include gallium arsenide (GaAs), indium phosphide (InP), and germanium substrates, along with other specialty materials such as gallium antimonide and indium arsenide.

The company’s substrates are used in applications including wireless communications, fiber-optic and data-center networks, lasers, light-emitting diodes, solar cells, consumer electronics, and aerospace and defense systems.