Janus Henderson Group PLC Invests $1.40 Million in AXT Inc $AXTI

Janus Henderson Group PLC acquired a new stake in AXT Inc (NASDAQ:AXTI) in the 1st quarter, Holdings Channel reports. The fund acquired 24,500 shares of the semiconductor company’s stock, valued at approximately $1,395,000.

Other large investors have also modified their holdings of the company. American Capital Advisory LLC acquired a new stake in AXT during the 1st quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of AXT in the first quarter valued at approximately $31,000. XTX Topco Ltd purchased a new stake in shares of AXT during the 2nd quarter worth $42,000. Jefferies Financial Group Inc. acquired a new position in AXT during the third quarter worth about $52,000. Finally, Leonteq Securities AG acquired a new stake in shares of AXT in the 1st quarter worth approximately $57,000. 49.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. 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 research note on Tuesday, July 28th. Northland Securities set a $125.00 price target on shares of AXT in a research note on Wednesday, June 3rd. 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 research report on Friday, July 31st. Finally, UBS Group set a $90.00 price target on shares of AXT in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, AXT has a consensus rating of “Hold” and a consensus price target of $77.00.

AXT Price Performance

NASDAQ:AXTI opened at $88.58 on Monday. The business has a 50 day simple moving average of $70.85 and a 200 day simple moving average of $63.79. The firm has a market capitalization of $5.79 billion, a P/E ratio of 4,429.00 and a beta of 1.90. AXT Inc has a 12-month low of $2.05 and a 12-month high of $143.16.

AXT (NASDAQ:AXTI) last released its quarterly earnings data 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. AXT had a net margin of 3.23% and a return on equity of 1.55%. The business 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. Research analysts anticipate that AXT Inc will post 0.19 EPS for the current fiscal year.

Insider Transactions at AXT

In related news, Director David C. Chang sold 8,333 shares of the firm’s 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 transaction, the director owned 65,165 shares in the company, valued at $7,244,393.05. This trade represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Morris S. Young sold 123,601 shares of AXT stock in a transaction 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 transaction, the chief executive officer 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 quarter, insiders sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is currently owned by corporate insiders.

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.