Pinpoint Asset Management Singapore Pte. Ltd. Buys 23,336 Shares of AXT Inc $AXTI

Pinpoint Asset Management Singapore Pte. Ltd. boosted its stake in shares of AXT Inc (NASDAQ:AXTI) by 2,333,600.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 23,337 shares of the semiconductor company’s stock after buying an additional 23,336 shares during the quarter. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in AXT were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Jefferies Financial Group Inc. acquired a new stake in AXT in the 3rd quarter worth $52,000. XTX Topco Ltd acquired a new position in shares of AXT during the second quarter valued at about $42,000. Assenagon Asset Management S.A. raised its position in shares of AXT by 12.4% during the third quarter. Assenagon Asset Management S.A. now owns 22,952 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 2,540 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of AXT in the third quarter valued at about $112,000. Finally, Dimensional Fund Advisors LP acquired a new stake in AXT during the third quarter worth about $145,000. 49.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Wedbush raised their price objective on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. B. Riley Financial lifted their price objective on AXT to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Northland Securities set a $20.00 price objective on AXT in a research report on Monday, December 22nd. Finally, Craig Hallum restated a “buy” rating on shares of AXT in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.80.

AXT News Summary

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Major institutional investors built sizable Q4 positions (e.g., Davidson Kempner, Point72, Jane Street, CloudAlpha, Alyeska), which provides underlying demand and longer‑term support for the stock.
• Positive Sentiment: Street commentary highlights AXT’s exposure to compound‑semiconductor substrates (GaAs/InP/GaN), a secular area in RF/wireless and optoelectronics that can attract growth‑oriented sector buyers. Read More.
• Neutral Sentiment: Analyst coverage is mixed (buy/hold/sell split) and the consensus price target sits below recent trading, so analyst notes are unlikely to be an immediate directional catalyst. Read More.
• Neutral Sentiment: Public short‑interest data appears inconsistent/zero in feeds, so there’s no clear short‑squeeze explanation for today’s move; technical momentum has been strong but may be decelerating. Read More.
• Negative Sentiment: Significant insider selling this week: CEO Morris Young sold ~159,536 shares (~$6.9M at reported averages) and directors Jesse Chen and David C. Chang sold large blocks across multiple days — a strong near‑term negative that likely increased selling pressure. Read More. • Read More.
• Negative Sentiment: Q4 FY2025 results missed revenue and EPS expectations (revenue ≈ $23.0M; EPS miss), and the company remains unprofitable with negative margins — fundamentals that justify caution until revenue/profitability trends improve. Read More.
• Negative Sentiment: Net insider activity in recent weeks is heavily skewed to selling with few reported buys, a governance/sentiment headwind that likely exacerbated short‑term outflows and contributed to today’s decline. Read More.

AXT Trading Down 16.6%

NASDAQ AXTI opened at $32.37 on Monday. AXT Inc has a 1-year low of $1.13 and a 1-year high of $47.03. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -67.44 and a beta of 1.74. The stock’s 50 day moving average is $24.46 and its two-hundred day moving average is $13.55.

AXT (NASDAQ:AXTI) last issued its earnings results on Thursday, February 19th. The semiconductor company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The company had revenue of $23.04 million during the quarter, compared to analyst estimates of $24.24 million. AXT had a negative return on equity of 10.59% and a negative net margin of 24.07%. On average, analysts predict that AXT Inc will post -0.12 earnings per share for the current year.

Insiders Place Their Bets

In other AXT news, Director David C. Chang sold 25,000 shares of AXT stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $14.84, for a total transaction of $371,000.00. Following the completion of the transaction, the director directly owned 132,744 shares of the company’s stock, valued at approximately $1,969,920.96. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jesse Chen sold 11,320 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $45.59, for a total transaction of $516,078.80. Following the completion of the sale, the director directly owned 198,018 shares in the company, valued at approximately $9,027,640.62. The trade was a 5.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 246,810 shares of company stock worth $9,782,640 over the last three months. 8.80% of the stock is currently owned by corporate insiders.

AXT Company 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.