Brookstone Capital Management Takes $689,000 Position in AXT Inc $AXTI

Brookstone Capital Management bought a new stake in AXT Inc (NASDAQ:AXTI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,092 shares of the semiconductor company’s stock, valued at approximately $689,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXTI. XTX Topco Ltd bought a new stake in AXT in the 2nd quarter valued at $42,000. Jefferies Financial Group Inc. acquired a new position in AXT in the third quarter worth about $52,000. State of Wyoming bought a new position in AXT during the fourth quarter worth about $69,000. Creative Planning acquired a new stake in AXT during the second quarter valued at approximately $86,000. Finally, Kestra Advisory Services LLC acquired a new stake in AXT during the fourth quarter valued at approximately $98,000. 49.52% of the stock is owned by institutional investors.

AXT Stock Performance

AXT stock opened at $70.15 on Friday. The business’s fifty day moving average is $97.98 and its two-hundred day moving average is $55.01. The firm has a market cap of $4.59 billion, a P/E ratio of -226.28 and a beta of 1.80. AXT Inc has a 52 week low of $1.85 and a 52 week high of $143.16.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $26.92 million during 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, equities research analysts predict that AXT Inc will post 0.19 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Morris S. Young sold 123,601 shares of the company’s 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 transaction, the chief executive officer directly owned 2,149,533 shares in the company, valued at approximately $243,606,574.89. This represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David C. Chang sold 8,333 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction of $926,379.61. Following the sale, the director directly owned 65,165 shares in the company, valued at $7,244,393.05. This trade represents a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 251,636 shares of company stock valued at $27,789,677 in the last 90 days. 5.97% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AXTI. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, May 27th. Northland Securities set a $125.00 price target on AXT in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.80.

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.