14,400 Shares of AXT Inc $AXTI Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund purchased a new position in AXT Inc (NASDAQ:AXTI) during the third quarter, HoldingsChannel reports. The institutional investor purchased 14,400 shares of the semiconductor company’s stock, valued at approximately $1,115,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. purchased a new stake in AXT in the 3rd quarter valued at about $42,000. Global Retirement Partners LLC purchased a new position in shares of AXT during the 2nd quarter worth about $55,000. Signaturefd LLC lifted its holdings in shares of AXT by 440.9% during the 3rd quarter. Signaturefd LLC now owns 952 shares of the semiconductor company’s stock worth $74,000 after acquiring an additional 776 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of AXT by 143.1% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 1,269 shares of the semiconductor company’s stock worth $98,000 after acquiring an additional 747 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of AXT by 3,881.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,274 shares of the semiconductor company’s stock worth $99,000 after acquiring an additional 1,242 shares during the period. 49.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings raised shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. UBS Group set a $90.00 price target on shares of AXT in a research report on Friday, July 31st. 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 note on Friday, July 31st. B. Riley Financial lifted their price target on shares of AXT from $55.00 to $56.00 and gave the company a “neutral” rating in a report on Friday, October 30th. Finally, Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 4th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.80.

More 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

AXT Price Performance

Shares of NASDAQ:AXTI opened at $38.88 on Monday. The firm has a market capitalization of $2.55 billion, a PE ratio of 86.40 and a beta of 2.01. The business has a 50-day moving average of $64.00 and a two-hundred day moving average of $64.62. AXT Inc has a 12 month low of $7.81 and a 12 month high of $143.16.

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

Insider Activity at AXT

In other news, Director Leonard Leblanc sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 113,129 shares in the company, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.97% of the company’s stock.

AXT Profile

AXT, Inc develops and manufactures compound semiconductor substrate materials used to make electronic and optoelectronic devices. Its products include indium phosphide, gallium arsenide and germanium substrates, supplied in wafer form for use by semiconductor manufacturers.

These materials support applications such as fiber-optic and data communications, wireless devices, lasers, LEDs and solar cells. AXT also provides substrate processing services, including wafer polishing and finishing.

Founded in 1986 and headquartered in Fremont, California, AXT serves customers around the world.