Ratan Capital Management LP Acquires New Stake in AXT Inc $AXTI

Ratan Capital Management LP acquired a new stake in shares of AXT Inc (NASDAQ:AXTI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 50,000 shares of the semiconductor company’s stock, valued at approximately $3,604,000. AXT accounts for approximately 1.2% of Ratan Capital Management LP’s investment portfolio, making the stock its 21st largest holding. Ratan Capital Management LP owned 0.08% of AXT as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Jefferies Financial Group Inc. bought a new stake in shares of AXT in the second quarter valued at $2,837,000. Bank of America Corp DE purchased a new stake in AXT in the 2nd quarter worth about $46,062,000. Man Group plc bought a new stake in AXT in the 2nd quarter valued at about $2,274,000. Jupiter Topco LLC bought a new stake in AXT in the 2nd quarter valued at about $3,805,000. Finally, Canada Pension Plan Investment Board purchased a new stake in AXT during the second quarter valued at about $14,618,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jesse Chen sold 13,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $95.77, for a total value of $1,245,010.00. Following the sale, the director owned 56,447 shares in the company, valued at approximately $5,405,929.19. This trade represents a 18.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David C. Chang sold 8,333 shares of AXT stock in a transaction on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value of $926,379.61. Following the sale, the director directly owned 65,165 shares of the company’s stock, valued at $7,244,393.05. This represents a 11.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 258,136 shares of company stock valued at $28,395,372 in the last quarter. 5.97% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AXTI shares. Weiss Ratings upgraded shares of AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Friday, August 14th. Northland Securities set a $125.00 price target on shares of AXT in a research note on Wednesday, June 3rd. UBS Group set a $90.00 price objective on shares of AXT in a research note on Friday, July 31st. B. Riley Financial lowered their target price on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a report on Tuesday, July 28th. Finally, Needham & Company LLC upgraded AXT from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

AXT Stock Down 12.4%

Shares of AXTI opened at $58.63 on Friday. The business’s 50-day moving average price is $64.40 and its 200-day moving average price is $69.20. AXT Inc has a twelve month low of $2.75 and a twelve month high of $143.16. The stock has a market cap of $3.84 billion, a PE ratio of 2,931.50 and a beta of 1.90.

AXT (NASDAQ:AXTI) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.12. The company had revenue of $47.59 million during the quarter, compared to analyst estimates 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. Analysts expect that AXT Inc will post 0.8 earnings per share for the current fiscal year.

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.