GSA Capital Partners LLP Acquires New Stake in AXT Inc $AXTI

GSA Capital Partners LLP bought a new position in AXT Inc (NASDAQ:AXTI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,953 shares of the semiconductor company’s stock, valued at approximately $934,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in shares of AXT by 161.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock valued at $85,775,000 after purchasing an additional 930,526 shares during the period. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of AXT in the fourth quarter valued at $22,738,000. Alyeska Investment Group L.P. acquired a new stake in shares of AXT in the fourth quarter valued at $20,187,000. Jane Street Group LLC boosted its stake in AXT by 1,314.6% during the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock valued at $14,790,000 after buying an additional 840,650 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in AXT by 112.0% during the first quarter. Bank of America Corp DE now owns 776,300 shares of the semiconductor company’s stock valued at $44,234,000 after buying an additional 410,181 shares in the last quarter. 49.52% of the stock is currently owned by institutional investors and hedge funds.

AXT News Roundup

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Reports that InP supply is tightening and prices could rise by roughly 10% have raised expectations for improved pricing and margins at AXT. New AI-related deals and stronger demand for optical components add to the potential upside. Why AXT Is Up After Indium Phosphide Supply Tightens Amid New AI Deals
• Positive Sentiment: AXT’s recent post-earnings momentum has been supported by record InP revenue, AI data-center demand and potential long-term supply agreements. Its latest quarterly results also exceeded expectations, with earnings and revenue well above consensus, while management provided third-quarter EPS guidance of $0.30–$0.32.
• Neutral Sentiment: AXT announced participation in several upcoming semiconductor and technology conferences, including the Needham, B. Riley and Morgan Stanley events. These presentations could provide updates on demand and supply agreements but do not represent a new contract or financial forecast. AXT Announces Financial Conference Participation
• Neutral Sentiment: Tradr launched exchange-traded products tied to AXT and other optical and AI-related companies. The launch may increase trading visibility but does not directly change AXT’s fundamentals.
• Negative Sentiment: Optics stocks, including AXT, sold off as investors reacted to reports raising concerns about AI spending and reassessed companies that had already posted very large year-to-date gains. AXT’s premium valuation and sharp recent rally make it particularly sensitive to profit-taking and changes in AI-demand expectations. Optics Stocks Drop on Anthropic News and WSJ Report

AXT Stock Down 14.2%

Shares of AXT stock opened at $82.31 on Wednesday. The stock’s fifty day moving average is $68.30 and its 200-day moving average is $66.86. The firm has a market capitalization of $5.38 billion, a PE ratio of 4,115.50 and a beta of 1.90. AXT Inc has a 12-month low of $2.07 and a 12-month high of $143.16.

AXT (NASDAQ:AXTI) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The business had revenue of $47.59 million during the quarter, compared to analyst estimates 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. Analysts expect that AXT Inc will post 0.8 EPS for the current year.

Insider Buying and Selling at AXT

In other news, Director David C. Chang sold 8,333 shares of AXT stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the transaction, the director directly owned 65,165 shares of the company’s stock, valued at $7,244,393.05. This trade represents a 11.34% decrease in their ownership of the stock. 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 business’s 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 sale, the director owned 50,275 shares in the company, valued at $5,793,691. This represents a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AXTI has been the topic of several research reports. Zacks Research upgraded shares of AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Northland Securities set a $125.00 price objective on shares of AXT in a research report on Wednesday, June 3rd. UBS Group set a $90.00 price objective 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 target price on the stock in a report on Friday, July 31st. Finally, Weiss Ratings raised shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, AXT has an average rating of “Moderate Buy” and a consensus target price of $77.00.

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.