E Fund Management Co. Ltd. Invests $3.33 Million in AXT Inc $AXTI

E Fund Management Co. Ltd. bought a new stake in shares of AXT Inc (NASDAQ:AXTI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 46,171 shares of the semiconductor company’s stock, valued at approximately $3,328,000.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in AXT during the 2nd quarter valued at approximately $365,607,000. Assenagon Asset Management S.A. grew its holdings in shares of 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 valued at $85,775,000 after buying an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of AXT in the 4th quarter valued at $22,738,000. Alyeska Investment Group L.P. purchased a new position in AXT in the 4th quarter worth $20,187,000. Finally, Jane Street Group LLC grew its stake in AXT by 1,314.6% during the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after purchasing an additional 840,650 shares during the last quarter. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Trading Down 10.8%

Shares of AXT stock opened at $73.43 on Thursday. The firm has a market capitalization of $4.82 billion, a PE ratio of 3,671.50 and a beta of 1.90. AXT Inc has a twelve month low of $2.20 and a twelve month high of $143.16. The firm’s 50-day moving average price is $68.06 and its 200 day moving average price is $67.26.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The business had revenue of $47.59 million during 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, sell-side analysts predict that AXT Inc will post 0.8 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on AXTI shares. Needham & Company LLC upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a research note on Friday, July 31st. UBS Group set a $90.00 target price on shares of AXT in a research report on Friday, July 31st. B. Riley Financial cut their price target on AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 28th. Zacks Research upgraded AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Northland Securities set a $125.00 target price on AXT in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Insider Activity at AXT

In other news, Director Leonard J. Leblanc sold 4,000 shares of AXT stock in a transaction on Monday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $384,280.00. Following the transaction, the director owned 113,129 shares in the company, valued at $10,868,303.03. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David C. Chang sold 8,333 shares of AXT stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $111.17, for a total transaction of $926,379.61. Following the transaction, the director directly 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 258,136 shares of company stock valued at $28,395,372. 5.97% of the stock is currently owned by insiders.

Key AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: AXT’s record InP revenue, backlog exceeding $100 million and planned capacity expansion could support a multiyear growth opportunity as AI data centers increase demand for optical components. AXT’s InP Demand Is Surging: Can It Become a Long-Term Growth Driver?
• Positive Sentiment: Recent reports linked AXT’s gains to tightening indium phosphide supply and new AI-related deals, reinforcing investor expectations that the company may benefit from increased optical-networking demand. Why AXT Is Up 11.6% After Indium Phosphide Supply Tightens Amid New AI Deals
• Neutral Sentiment: Tradr launched a first-to-market exchange-traded fund focused on AXT and several other optics and AI-related companies. The additional investment product may improve exposure and trading interest, although its direct effect on AXT’s fundamentals is unclear. Tradr Debuts First-to-Market ETFs on Meta, AXT, Coherent & Lightwave Logic
• Negative Sentiment: AXT has been pressured alongside other optics stocks as investors reassessed AI spending expectations and took profits in companies that had already posted large gains. The sector-wide risk-off move may be weighing on the stock despite its favorable InP outlook. Optics Stocks Drop on Anthropic News
• Negative Sentiment: Director Leonard J. Leblanc disclosed sales totaling 6,000 shares in August, following a 500-share sale in June. The transactions reduced his holdings by about 5.5% cumulatively and may create a modest insider-confidence overhang, although the director still owns more than 113,000 shares. SEC Insider Transaction Filing

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.