683 Capital Management LLC Invests $1.23 Million in AXT Inc $AXTI

683 Capital Management LLC acquired a new position in AXT Inc (NASDAQ:AXTI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 75,000 shares of the semiconductor company’s stock, valued at approximately $1,226,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXTI. Acadian Asset Management LLC lifted its position in AXT by 2.8% in the first quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock worth $412,000 after purchasing an additional 8,039 shares during the period. Creative Planning acquired a new stake in shares of AXT in the 2nd quarter valued at $86,000. XTX Topco Ltd acquired a new stake in shares of AXT in the 2nd quarter valued at $42,000. Dimensional Fund Advisors LP acquired a new stake in shares of AXT in the 3rd quarter valued at $145,000. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of AXT in the 3rd quarter valued at $52,000. 49.52% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Morris S. Young sold 123,601 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the completion of the sale, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at approximately $243,606,574.89. This represents a 5.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 stock was 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 approximately $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is owned by corporate insiders.

AXT Stock Down 1.0%

Shares of AXTI stock opened at $92.11 on Thursday. AXT Inc has a 12-month low of $1.80 and a 12-month high of $143.16. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of -297.12 and a beta of 1.80. The firm has a fifty day moving average of $95.46 and a 200-day moving average of $52.01.

AXT (NASDAQ:AXTI) last posted its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping 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 business had revenue of $26.92 million during the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Research analysts expect that AXT Inc will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on AXTI. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. B. Riley Financial lifted their price target on AXT to $21.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. Finally, Wedbush lifted their price target on AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.