Man Group plc Invests $2.27 Million in AXT Inc $AXTI

Man Group plc acquired a new position in AXT Inc (NASDAQ:AXTI) during the 2nd quarter, HoldingsChannel.com reports. The firm acquired 31,552 shares of the semiconductor company’s stock, valued at approximately $2,274,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kestra Advisory Services LLC raised its position in AXT by 6.8% during the 1st quarter. Kestra Advisory Services LLC now owns 6,408 shares of the semiconductor company’s stock valued at $365,000 after purchasing an additional 408 shares during the last quarter. American Capital Advisory LLC purchased a new position in shares of AXT during the first quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of AXT during the first quarter valued at approximately $31,000. Global Retirement Partners LLC bought a new position in shares of AXT during the second quarter valued at approximately $55,000. Finally, Leonteq Securities AG purchased a new stake in AXT in the first quarter worth $57,000. Institutional investors own 49.52% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jesse Chen sold 6,172 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $115.24, for a total transaction of $711,261.28. Following the sale, the director directly owned 50,275 shares of the company’s stock, valued at $5,793,691. The trade was a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leonard J. Leblanc sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $96.07, for a total transaction of $384,280.00. Following the transaction, the director directly owned 113,129 shares of the company’s stock, valued at $10,868,303.03. This represents a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 56,638 shares of company stock worth $5,636,947. 5.97% of the stock is currently owned by company insiders.

AXT Price Performance

NASDAQ:AXTI opened at $56.11 on Wednesday. AXT Inc has a one year low of $2.83 and a one year high of $143.16. The business has a fifty day moving average price of $63.32 and a 200-day moving average price of $69.95. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 2,805.50 and a beta of 1.92.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. AXT had a net margin of 3.23% and a return on equity of 0.96%. The firm had revenue of $47.59 million for the quarter, compared to the consensus estimate of $34.08 million. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, equities research analysts expect that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings upgraded AXT from a “sell (d-)” rating to a “sell (d+)” rating in a research report on Friday, August 14th. Needham & Company LLC raised shares of 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. Northland Securities set a $125.00 price target on shares of AXT in a research note on Wednesday, June 3rd. B. Riley Financial dropped their price objective on shares of AXT from $73.00 to $52.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 28th. Finally, Zacks Research raised AXT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, AXT currently has a consensus rating of “Moderate Buy” and an average price target of $77.00.

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.