NewEdge Advisors LLC Has $101,000 Stock Holdings in AXT Inc $AXTI

NewEdge Advisors LLC trimmed its holdings in AXT Inc (NASDAQ:AXTI) by 90.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 1,764 shares of the semiconductor company’s stock after selling 16,119 shares during the quarter. NewEdge Advisors LLC’s holdings in AXT were worth $101,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of AXT in the 4th quarter valued at $22,738,000. Alyeska Investment Group L.P. bought a new position in AXT during the fourth quarter valued at about $20,187,000. Assenagon Asset Management S.A. lifted its position in shares of AXT by 161.9% in the first quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company’s stock worth $85,775,000 after buying an additional 930,526 shares during the last quarter. Jane Street Group LLC lifted its position in shares of AXT by 1,314.6% in the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after buying an additional 840,650 shares during the last quarter. Finally, Ariose Capital Management Ltd bought a new stake in shares of AXT during the 1st quarter worth about $39,061,000. Institutional investors own 49.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AXTI. UBS Group set a $90.00 price objective on AXT in a report on Friday, July 31st. B. Riley Financial reduced their target price on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, AXT presently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

Insider Buying and Selling at AXT

In other news, Director David C. Chang sold 8,333 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $111.17, for a total transaction of $926,379.61. Following the completion of the transaction, the director directly owned 65,165 shares in the company, valued at $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jesse Chen sold 6,172 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $115.24, for a total value of $711,261.28. Following the completion of the sale, the director directly owned 50,275 shares of the company’s stock, valued at $5,793,691. This represents a 10.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 258,136 shares of company stock valued at $28,395,372 in the last 90 days. 5.97% of the stock is currently owned by insiders.

AXT Price Performance

AXTI stock opened at $65.18 on Thursday. AXT Inc has a 52-week low of $2.75 and a 52-week high of $143.16. The company has a 50-day moving average of $65.27 and a two-hundred day moving average of $68.97. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 3,259.00 and a beta of 1.90.

AXT (NASDAQ:AXTI) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. AXT had a return on equity of 0.96% and a net margin of 3.23%.The business had revenue of $47.59 million for the quarter, compared to analyst estimates of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Equities analysts expect that AXT Inc will post 0.8 EPS for the current fiscal year.

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.