AXT Inc $AXTI Stock: Capstone Capital Management Ltd Raises Stake

Capstone Capital Management Ltd raised its holdings in AXT Inc (NASDAQ:AXTI) by 106.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 75,650 shares of the semiconductor company’s stock after acquiring an additional 39,059 shares during the quarter. AXT accounts for 2.3% of Capstone Capital Management Ltd’s investment portfolio, making the stock its 7th biggest holding. Capstone Capital Management Ltd’s holdings in AXT were worth $5,856,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXTI. BlackRock Inc. acquired a new stake in shares of AXT in the 2nd quarter valued at about $365,607,000. Assenagon Asset Management S.A. grew its position in AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after purchasing an additional 930,526 shares during the period. Ariose Capital Management Ltd bought a new stake in AXT during the 1st quarter valued at $39,061,000. Bank of America Corp DE bought a new position in shares of AXT in the second quarter valued at $46,062,000. Finally, Wellington Management Group LLP acquired a new position in shares of AXT during the second quarter valued at about $25,911,000. 49.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on AXTI. B. Riley Financial decreased their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Zacks Research downgraded shares of AXT from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 29th. 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. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, UBS Group set a $90.00 price target on shares of AXT in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, AXT currently has an average rating of “Hold” and a consensus target price of $77.00.

Insider Buying and Selling

In other AXT news, Director Leonard Leblanc sold 4,000 shares of AXT stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the transaction, the director directly owned 113,129 shares of the company’s stock, valued at approximately $10,868,303.03. This trade represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.97% of the stock is owned by insiders.

AXT Stock Up 0.5%

AXTI stock opened at $57.09 on Wednesday. The stock 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 twelve month low of $4.81 and a twelve month high of $143.16. The firm has a market capitalization of $3.74 billion, a PE ratio of 2,854.50 and a beta of 1.86.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.12. The company had revenue of $47.59 million during the quarter, compared to analyst estimates 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 research analysts anticipate that AXT Inc will post 0.80 EPS for the current fiscal year.

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.