224,395 Shares in AXT Inc $AXTI Acquired by Private Advisor Group LLC

Private Advisor Group LLC acquired a new position in shares of AXT Inc (NASDAQ:AXTI) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 224,395 shares of the semiconductor company’s stock, valued at approximately $12,786,000.

Several other large investors also recently added to or reduced their stakes in AXTI. Acadian Asset Management LLC lifted its holdings in shares of AXT by 2.8% in the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 8,039 shares in the last quarter. Creative Planning purchased a new position in shares of AXT during the second quarter valued at $86,000. XTX Topco Ltd acquired a new position in AXT during the second quarter valued at $42,000. Dimensional Fund Advisors LP acquired a new position in AXT during the third quarter valued at $145,000. Finally, Jefferies Financial Group Inc. purchased a new stake in AXT in the 3rd quarter worth about $52,000. 49.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at AXT

In other news, CEO Morris S. Young sold 123,601 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the transaction, the chief executive officer owned 2,149,533 shares in the company, valued at $243,606,574.89. This represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jesse Chen sold 6,172 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the transaction, the director owned 50,275 shares in the company, valued at $5,793,691. This represents a 10.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 251,636 shares of company stock worth $27,789,677 over the last ninety days. 5.97% of the stock is currently owned by insiders.

AXT Price Performance

AXTI opened at $56.62 on Friday. AXT Inc has a fifty-two week low of $1.85 and a fifty-two week high of $143.16. The business has a 50-day moving average of $96.32 and a 200-day moving average of $56.74. The company has a market capitalization of $3.70 billion, a PE ratio of -182.64 and a beta of 1.86.

AXT (NASDAQ:AXTI) last announced 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. The business had revenue of $26.92 million during the quarter, compared to analyst estimates of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, equities research analysts expect that AXT Inc will post 0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on AXTI shares. Weiss Ratings upgraded AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Northland Securities set a $125.00 target price on AXT in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.80.

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.