Oasis Management Co Ltd. Makes New Investment in AXT Inc $AXTI

Oasis Management Co Ltd. purchased a new position in shares of AXT Inc (NASDAQ:AXTI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the semiconductor company’s stock, valued at approximately $164,000.

Other institutional investors also recently bought and sold shares of the company. State of Wyoming purchased a new position in AXT during the 4th quarter worth approximately $69,000. Jefferies Financial Group Inc. purchased a new position in AXT during the 3rd quarter worth approximately $52,000. Allworth Financial LP raised its position in AXT by 3,764.7% during the 4th quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company’s stock worth $190,000 after buying an additional 11,294 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new position in AXT during the 4th quarter worth approximately $275,000. Finally, XTX Topco Ltd purchased a new position in AXT during the 2nd quarter worth approximately $42,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

AXT Stock Performance

AXT stock opened at $97.18 on Friday. The company’s fifty day moving average price is $92.50 and its 200 day moving average price is $49.86. AXT Inc has a 1 year low of $1.80 and a 1 year high of $143.16. The stock has a market capitalization of $6.36 billion, a P/E ratio of -313.47 and a beta of 1.80.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. The firm had revenue of $26.92 million for the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Sell-side analysts predict that AXT Inc will post 0.2 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Wedbush raised their price target on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of AXT from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Finally, B. Riley Financial lifted their target price on shares of AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, AXT presently has a consensus rating of “Hold” and a consensus target price of $43.80.

Insider Buying and Selling at AXT

In other news, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the transaction, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Jesse Chen sold 9,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $86.73, for a total transaction of $780,570.00. Following the transaction, the director directly owned 78,447 shares in the company, valued at approximately $6,803,708.31. The trade was a 10.29% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 224,131 shares of company stock worth $24,907,026. 5.97% of the stock is currently owned by corporate insiders.

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.