359,481 Shares in AXT Inc $AXTI Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new stake in AXT Inc (NASDAQ:AXTI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 359,481 shares of the semiconductor company’s stock, valued at approximately $25,911,000.

Several other hedge funds also recently bought and sold shares of the stock. American Capital Advisory LLC acquired a new stake in shares of AXT during the first quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of AXT in the 1st quarter valued at approximately $31,000. XTX Topco Ltd acquired a new position in shares of AXT in the 2nd quarter worth approximately $42,000. Jefferies Financial Group Inc. purchased a new position in shares of AXT during the 3rd quarter worth approximately $52,000. Finally, Global Retirement Partners LLC purchased a new position in shares of AXT during the 2nd quarter worth approximately $55,000. Hedge funds and other institutional investors own 49.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on AXTI shares. UBS Group set a $90.00 target price on AXT in a research report on Friday, July 31st. Northland Securities set a $125.00 target price on AXT in a research note on Wednesday, June 3rd. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. B. Riley Financial cut their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Finally, Zacks Research raised shares of AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

AXT Trading Up 9.7%

Shares of NASDAQ AXTI opened at $61.64 on Friday. The stock has a market cap of $4.04 billion, a P/E ratio of 3,082.00 and a beta of 1.92. The business’s fifty day simple moving average is $62.64 and its 200-day simple moving average is $70.35. AXT Inc has a 12-month low of $2.98 and a 12-month high of $143.16.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.12. The company had revenue of $47.59 million for the quarter, compared to the consensus estimate 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 analysts forecast that AXT Inc will post 0.8 EPS for the current fiscal year.

Insider Buying and Selling

In other AXT news, Director David C. Chang sold 8,333 shares of the business’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 completion of the transaction, the director owned 65,165 shares in the company, valued at $7,244,393.05. The trade was a 11.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jesse Chen sold 6,172 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 50,275 shares in the company, valued at approximately $5,793,691. This represents a 10.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 50,505 shares of company stock worth $4,972,866. Company insiders own 5.97% of the company’s stock.

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.