Polymer Capital Management HK LTD Acquires New Shares in AXT Inc $AXTI

Polymer Capital Management HK LTD acquired a new position in shares of AXT Inc (NASDAQ:AXTI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,491 shares of the semiconductor company’s stock, valued at approximately $1,045,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of AXT during the second quarter valued at about $365,607,000. Assenagon Asset Management S.A. grew its holdings in shares of AXT by 161.9% during 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 purchasing an additional 930,526 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of AXT in the fourth quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. bought a new position in AXT in the 4th quarter valued at approximately $20,187,000. Finally, Jane Street Group LLC boosted its position in AXT by 1,314.6% during the 4th 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 period. Institutional investors and hedge funds own 49.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AXTI shares. Weiss Ratings raised shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Needham & Company LLC raised shares of AXT from a “hold” rating to a “buy” rating and set a $90.00 price target for the company in a research note on Friday, July 31st. UBS Group set a $90.00 price target on shares of AXT in a report on Friday, July 31st. Zacks Research upgraded AXT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. Finally, B. Riley Financial lowered their target price on AXT from $73.00 to $52.00 and set a “neutral” rating for the company in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, AXT presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

Insiders Place Their Bets

In other news, Director Leonard J. Leblanc sold 4,000 shares of AXT stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $96.07, for a total value of $384,280.00. Following the completion of the transaction, the director directly owned 113,129 shares of the company’s stock, valued at approximately $10,868,303.03. This trade represents a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David C. Chang sold 8,333 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total value 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. This represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 258,136 shares of company stock valued at $28,395,372. Insiders own 5.97% of the company’s stock.

AXT Stock Performance

NASDAQ:AXTI opened at $70.74 on Monday. AXT Inc has a 52 week low of $2.50 and a 52 week high of $143.16. The firm’s fifty day moving average is $67.22 and its 200-day moving average is $67.99. The firm has a market cap of $4.64 billion, a P/E ratio of 3,537.00 and a beta of 1.90.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.12. The business had revenue of $47.59 million during the quarter, compared to the consensus estimate of $34.08 million. AXT had a net margin of 3.23% and a return on equity of 0.96%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. As a group, sell-side analysts anticipate that AXT Inc will post 0.8 earnings per share for the current year.

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.