AXT Inc $AXTI Shares Bought by Pinpoint Asset Management Singapore Pte. Ltd.

Pinpoint Asset Management Singapore Pte. Ltd. raised its stake in AXT Inc (NASDAQ:AXTI) by 46.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,067 shares of the semiconductor company’s stock after purchasing an additional 10,730 shares during the period. Pinpoint Asset Management Singapore Pte. Ltd.’s holdings in AXT were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of AXTI. Acadian Asset Management LLC raised its position in AXT by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 8,039 shares in the last quarter. Creative Planning acquired a new stake in AXT in the 2nd quarter valued at about $86,000. XTX Topco Ltd acquired a new stake in AXT in the 2nd quarter valued at about $42,000. Wesbanco Bank Inc. acquired a new stake in AXT in the 3rd quarter valued at about $112,000. Finally, Dimensional Fund Advisors LP acquired a new stake in AXT in the 3rd quarter valued at about $145,000. Institutional investors and hedge funds own 49.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. B. Riley Financial raised their target price on AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wall Street Zen raised AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group set a $35.00 target price on AXT in a research report on Tuesday, February 17th. Northland Securities set a $125.00 target price on AXT in a research report on Wednesday, June 3rd. Finally, Wedbush raised their target price on AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.80.

AXT Stock Performance

Shares of NASDAQ AXTI opened at $97.18 on Friday. AXT Inc has a fifty-two week low of $1.80 and a fifty-two week high of $143.16. The firm has a market capitalization of $6.36 billion, a PE ratio of -313.47 and a beta of 1.80. The stock’s 50-day simple moving average is $92.50 and its 200-day simple moving average is $49.86.

AXT (NASDAQ:AXTI) last issued its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.The business had revenue of $26.92 million for the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. On average, sell-side analysts forecast that AXT Inc will post 0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Jesse Chen sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $86.73, for a total transaction of $780,570.00. Following the transaction, the director owned 78,447 shares in the company, valued at $6,803,708.31. This trade represents a 10.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Morris S. Young sold 123,601 shares of the firm’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 transaction, the chief executive officer owned 2,149,533 shares in the company, valued at $243,606,574.89. This represents a 5.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 224,131 shares of company stock worth $24,907,026 in the last 90 days. 5.97% of the stock is currently owned by company insiders.

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.