Handelsbanken Fonder AB Invests $1.39 Million in AXT Inc $AXTI

Handelsbanken Fonder AB purchased a new stake in AXT Inc (NASDAQ:AXTI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,300 shares of the semiconductor company’s stock, valued at approximately $1,391,000.

Other hedge funds have also modified their holdings of the company. American Capital Advisory LLC acquired a new position in AXT during the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of AXT in the 1st quarter valued at $31,000. XTX Topco Ltd acquired a new position in shares of AXT in the 2nd quarter valued at $42,000. Jefferies Financial Group Inc. bought a new stake in shares of AXT in the 3rd quarter valued at $52,000. Finally, Leonteq Securities AG acquired a new stake in AXT during the 1st quarter worth $57,000. 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 Trading Down 14.2%

AXTI stock opened at $82.31 on Wednesday. The stock has a 50-day moving average price of $68.30 and a two-hundred day moving average price of $66.86. AXT Inc has a 1 year low of $2.07 and a 1 year high of $143.16. The stock has a market cap of $5.38 billion, a PE ratio of 4,115.50 and a beta of 1.90.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $47.59 million for 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. On average, analysts forecast that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Insider Buying and Selling at AXT

In other news, Director Jesse Chen sold 6,172 shares of the firm’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 completion of the transaction, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Morris S. Young sold 123,601 shares of AXT stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 2,149,533 shares in the company, valued at $243,606,574.89. This trade represents a 5.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 251,636 shares of company stock worth $27,789,677. Corporate insiders own 5.97% of the company’s stock.

Wall Street Analyst Weigh In

AXTI has been the subject of a number of research analyst reports. Needham & Company LLC raised AXT from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Friday, July 31st. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday. B. Riley Financial decreased their price objective on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Finally, Northland Securities set a $125.00 target price on shares of AXT in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.00.

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.