Maytree Asset Management Ltd Makes New Investment in AXT Inc $AXTI

Maytree Asset Management Ltd purchased a new position in AXT Inc (NASDAQ:AXTI) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 682,299 shares of the semiconductor company’s stock, valued at approximately $11,156,000. AXT comprises about 8.3% of Maytree Asset Management Ltd’s investment portfolio, making the stock its 4th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in AXTI. Assenagon Asset Management S.A. boosted its stake in shares of AXT by 2,404.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 574,828 shares of the semiconductor company’s stock valued at $9,398,000 after acquiring an additional 551,876 shares during the last quarter. Citadel Advisors LLC raised its stake in AXT by 339.6% in the 3rd quarter. Citadel Advisors LLC now owns 405,978 shares of the semiconductor company’s stock valued at $1,823,000 after purchasing an additional 313,618 shares during the last quarter. Penn Capital Management Company LLC purchased a new position in AXT in the 3rd quarter valued at about $729,000. Destination Wealth Management purchased a new position in AXT in the 3rd quarter valued at about $458,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of AXT by 39.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 205,822 shares of the semiconductor company’s stock worth $924,000 after purchasing an additional 58,542 shares during the last quarter. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Needham & Company LLC downgraded shares of AXT from a “buy” rating to a “hold” rating in a report on Tuesday, January 20th. B. Riley Financial upped their price objective on shares of AXT to $21.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Wall Street Zen upgraded shares of AXT from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Wedbush lifted their target price on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, UBS Group set a $35.00 price target on AXT in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.80.

Insiders Place Their Bets

In other AXT news, Director Jesse Chen sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $47.13, for a total transaction of $706,950.00. Following the transaction, the director owned 123,612 shares in the company, valued at $5,825,833.56. The trade was a 10.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Morris S. Young sold 159,536 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $43.32, for a total value of $6,911,099.52. Following the completion of the sale, the chief executive officer owned 2,482,038 shares of the company’s stock, valued at approximately $107,521,886.16. This trade represents a 6.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 502,278 shares of company stock worth $21,196,754 over the last quarter. 5.97% of the stock is owned by corporate insiders.

AXT Stock Up 1.5%

AXT stock opened at $107.60 on Wednesday. The firm has a fifty day moving average of $57.14 and a 200-day moving average of $29.89. AXT Inc has a 52-week low of $1.23 and a 52-week high of $110.24. The firm has a market capitalization of $7.04 billion, a P/E ratio of -347.10 and a beta of 1.75.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. AXT had a negative net margin of 14.69% and a negative return on equity of 6.11%. 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, research analysts expect that AXT Inc will post -0.01 EPS for the current fiscal year.

AXT Company 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.