Mangrove Partners IM LLC Takes Position in AXT Inc $AXTI

Mangrove Partners IM LLC purchased a new stake in shares of AXT Inc (NASDAQ:AXTI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 40,644 shares of the semiconductor company’s stock, valued at approximately $665,000. Mangrove Partners IM LLC owned approximately 0.07% of AXT as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AXTI. XTX Topco Ltd purchased a new position in shares of AXT during the 2nd quarter valued at $42,000. Jefferies Financial Group Inc. purchased a new position in shares of AXT during the 3rd quarter valued at $52,000. State of Wyoming purchased a new position in shares of AXT during the 4th quarter valued at $69,000. Creative Planning purchased a new position in shares of AXT during the 2nd quarter valued at $86,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of AXT during the 4th quarter valued at $98,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AXT

In related news, CEO Morris S. Young sold 123,601 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total value of $14,007,701.33. Following the completion of the transaction, the chief executive officer owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. This represents a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jesse Chen sold 13,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the completion of the transaction, the director directly owned 56,447 shares of the company’s stock, valued at $5,405,929.19. This trade represents a 18.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 237,131 shares of company stock valued at $26,152,036 in the last ninety days. 5.97% of the stock is owned by company insiders.

AXT Stock Performance

Shares of AXTI opened at $93.04 on Wednesday. The company has a 50-day simple moving average of $94.46 and a 200-day simple moving average of $51.44. The firm has a market capitalization of $6.09 billion, a P/E ratio of -300.12 and a beta of 1.80. AXT Inc has a 52 week low of $1.80 and a 52 week high of $143.16.

AXT (NASDAQ:AXTI) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The business had revenue of $26.92 million during the quarter, compared to analyst estimates of $26.22 million. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, equities analysts forecast that AXT Inc will post 0.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on AXTI. B. Riley Financial increased their target price on shares of AXT to $21.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Wedbush increased their target price on shares of AXT from $8.50 to $28.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. UBS Group set a $35.00 price objective on AXT in a research note on Tuesday, February 17th. Weiss Ratings raised 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 report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.80.

About AXT

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.