Shariaportfolio Inc. Invests $984,000 in AXT Inc $AXTI

Shariaportfolio Inc. bought a new position in shares of AXT Inc (NASDAQ:AXTI) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,277 shares of the semiconductor company’s stock, valued at approximately $984,000. AXT comprises approximately 0.4% of Shariaportfolio Inc.’s investment portfolio, making the stock its 27th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Advisory Services LLC increased its stake in shares of AXT by 6.8% during the first quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after buying an additional 408 shares during the period. American Capital Advisory LLC acquired a new position in shares of AXT during the first quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in AXT during the 1st quarter valued at about $31,000. Leonteq Securities AG acquired a new stake in AXT in the 1st quarter worth approximately $57,000. Finally, KBC Group NV purchased a new stake in shares of AXT during the first quarter valued at $88,000. Institutional investors own 49.52% of the company’s stock.

AXT Price Performance

Shares of AXTI stock opened at $60.43 on Monday. AXT Inc has a 52 week low of $1.85 and a 52 week high of $143.16. The stock has a market capitalization of $3.95 billion, a PE ratio of 3,021.50 and a beta of 1.90. The firm has a 50 day moving average of $75.83 and a two-hundred day moving average of $62.01.

AXT (NASDAQ:AXTI) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.12. AXT had a net margin of 3.23% and a return on equity of 1.55%. The firm had revenue of $47.59 million for the quarter, compared to analysts’ expectations of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Analysts expect that AXT Inc will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on AXTI. Needham & Company LLC upgraded shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a report on Friday. B. Riley Financial dropped their price target on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. UBS Group set a $90.00 target price on AXT in a research report on Friday. Weiss Ratings raised shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Finally, Northland Securities set a $125.00 price target on shares of AXT in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $77.00.

Insider Transactions at AXT

In other AXT news, CEO Morris S. Young sold 123,601 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total value of $14,007,701.33. Following the completion of the sale, the chief executive officer owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jesse Chen sold 6,172 shares of the stock in a transaction dated Monday, June 15th. The stock was 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 of the company’s stock, valued at $5,793,691. This trade represents a 10.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 251,636 shares of company stock worth $27,789,677. Corporate insiders own 5.97% of the company’s stock.

Key Stories Impacting AXT

Here are the key news stories impacting AXT this week:

• Positive Sentiment: Q2 results substantially exceeded expectations: AXT reported $0.19 in earnings per share versus the $0.07 consensus estimate, while revenue reached approximately $47.6 million, well above estimates near $34 million and up sharply from the prior year. The company also reported improved gross and operating profitability. AXTI Q2 Earnings Beat on Record InP Demand, Revenues Rise Y/Y
• Positive Sentiment: AI-related demand is accelerating: Management cited record InP revenue and strong demand from data-center optical connectivity customers. AXT plans to expand capacity and increase output while targeting further margin improvement. AXTI Q2 Earnings Call Highlights AI Capacity Expansion
• Positive Sentiment: Q3 guidance was well above consensus: AXT forecast earnings of $0.30-$0.32 per share and revenue of roughly $66 million, compared with analyst expectations of $0.10 EPS and $38.7 million in revenue. AXT Stock Rips Higher After Q2 Earnings
• Positive Sentiment: Analyst sentiment improved: Needham upgraded AXT from Hold to Buy and assigned a $90 price target. Heavy call-option buying also indicated increased bullish trading interest. Needham Upgrades AXT to Buy
• Neutral Sentiment: Despite the improved quarter, AXT’s trailing net margin remains negative and the stock continues to exhibit significant volatility, increasing the risk of sharp price swings after the rally.
• Negative Sentiment: Reported insider-trading data shows executives made multiple sales and no purchases during the past six months, which could temper investor confidence, although these transactions may not reflect current operating conditions.

AXT 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.