AXT Inc $AXTI Shares Newly Bought by Ariose Capital Management Ltd

Ariose Capital Management Ltd purchased a new position in AXT Inc (NASDAQ:AXTI) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 15,025 shares of the semiconductor company’s stock, valued at approximately $1,163,000. AXT comprises about 1.4% of Ariose Capital Management Ltd’s portfolio, making the stock its 5th largest position.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in AXT during the second quarter valued at about $365,607,000. Bank of America Corp DE bought a new position in AXT in the 2nd quarter valued at approximately $46,062,000. Wellington Management Group LLP purchased a new stake in AXT during the 2nd quarter valued at $25,911,000. Rokos Capital Management LLP acquired a new position in AXT during the first quarter valued at $18,842,000. Finally, Squarepoint Ops LLC lifted its position in shares of AXT by 1,347.0% during the second quarter. Squarepoint Ops LLC now owns 312,999 shares of the semiconductor company’s stock worth $22,561,000 after purchasing an additional 291,368 shares in the last quarter. 49.52% of the stock is currently owned by institutional investors and hedge funds.

Key AXT News

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Zacks Research upgraded AXT from “hold” to “strong-buy,” a more bullish recommendation that may attract investor interest. Zacks Research ratings
• Positive Sentiment: Northland Securities raised its earnings forecasts, including FY2026 EPS to $1.15 from $0.81 and FY2027 EPS to $2.29 from $2.03. It also increased estimates for several upcoming quarters, signaling stronger expected earnings growth. AXT analyst estimates
• Positive Sentiment: A Zacks analysis highlighted AXT as a potential AI-infrastructure beneficiary amid demand for semiconductors. Another report cited a 162% year-over-year Q3 revenue increase and a backlog exceeding $500 million, pointing to strong demand for indium phosphide products. Zacks AI stocks analysis AXT Q3 analysis
• Negative Sentiment: The same Q3 analysis cautioned that AXT’s roughly 191% rally has raised valuation concerns, leaving the stock vulnerable if growth or demand expectations disappoint. AXT Q3 analysis

Insider Buying and Selling at AXT

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the transaction, the director owned 113,129 shares of the company’s stock, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AXTI. Weiss Ratings raised AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. B. Riley Financial raised their price objective on AXT from $55.00 to $56.00 and gave the company a “neutral” rating in a research note on Friday, October 30th. UBS Group set a $90.00 price target on shares of AXT in a research note on Friday, July 31st. Needham & Company LLC upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Friday, July 31st. Finally, Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $77.80.

AXT Stock Performance

NASDAQ AXTI opened at $38.88 on Friday. The stock has a market cap of $2.55 billion, a PE ratio of 86.40 and a beta of 2.01. AXT Inc has a twelve month low of $7.81 and a twelve month high of $143.16. The firm has a 50-day simple moving average of $64.00 and a 200 day simple moving average of $64.62.

AXT (NASDAQ:AXTI) last issued its quarterly earnings data on Thursday, October 29th. The semiconductor company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.10. The business had revenue of $73.41 million for the quarter, compared to analysts’ expectations of $66.00 million. AXT had a return on equity of 5.21% and a net margin of 18.53%. Research analysts forecast that AXT Inc will post 1.11 earnings per share for the current fiscal year.

About AXT

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.