GSA Capital Partners LLP Has $983,000 Holdings in AXT Inc $AXTI

GSA Capital Partners LLP decreased its holdings in AXT Inc (NASDAQ:AXTI) by 55.1% during the third quarter, Holdings Channel.com reports. The firm owned 218,873 shares of the semiconductor company’s stock after selling 268,789 shares during the period. GSA Capital Partners LLP’s holdings in AXT were worth $983,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AXTI. XTX Topco Ltd acquired a new stake in shares of AXT during the second quarter worth approximately $42,000. Creative Planning acquired a new position in AXT in the 2nd quarter valued at approximately $86,000. Assenagon Asset Management S.A. lifted its position in AXT by 12.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 22,952 shares of the semiconductor company’s stock worth $103,000 after buying an additional 2,540 shares in the last quarter. Wesbanco Bank Inc. purchased a new stake in AXT in the 3rd quarter worth approximately $112,000. Finally, Acadian Asset Management LLC boosted its stake in shares of AXT by 2.8% during the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after buying an additional 8,039 shares during the period. 49.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Morris S. Young sold 35,000 shares of AXT stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $12.05, for a total value of $421,750.00. Following the transaction, the chief executive officer owned 2,495,564 shares in the company, valued at $30,071,546.20. This trade represents a 1.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David C. Chang sold 25,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $14.84, for a total transaction of $371,000.00. Following the transaction, the director directly owned 132,744 shares of the company’s stock, valued at approximately $1,969,920.96. This represents a 15.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 110,000 shares of company stock worth $1,369,000 over the last quarter. 8.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen upgraded AXT from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Northland Securities set a $20.00 price target on AXT in a research note on Monday, December 22nd. Needham & Company LLC lowered shares of AXT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 20th. Wedbush set a $7.00 price target on shares of AXT and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Finally, Craig Hallum reaffirmed a “buy” rating on shares of AXT in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, AXT presently has a consensus rating of “Hold” and a consensus target price of $18.00.

AXT Stock Up 1.1%

Shares of AXTI stock opened at $23.81 on Friday. AXT Inc has a 12 month low of $1.13 and a 12 month high of $28.65. The company has a market cap of $1.32 billion, a PE ratio of -45.79 and a beta of 1.96. The business’s 50 day moving average is $19.48 and its two-hundred day moving average is $10.73.

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.