Caitong International Asset Management Co. Ltd Invests $2.94 Million in AXT Inc $AXTI

Caitong International Asset Management Co. Ltd acquired a new stake in shares of AXT Inc (NASDAQ:AXTI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 179,725 shares of the semiconductor company’s stock, valued at approximately $2,939,000. AXT makes up about 0.7% of Caitong International Asset Management Co. Ltd’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors also recently bought and sold shares of AXTI. State of Wyoming bought a new position in AXT in the fourth quarter worth approximately $69,000. Kestra Advisory Services LLC bought a new stake in AXT during the 4th quarter valued at $98,000. Oasis Management Co Ltd. purchased a new position in shares of AXT in the 4th quarter valued at $164,000. Osaic Holdings Inc. increased its holdings in shares of AXT by 1,071.5% in the 4th quarter. Osaic Holdings Inc. now owns 11,012 shares of the semiconductor company’s stock valued at $180,000 after acquiring an additional 10,072 shares during the period. Finally, Jefferies Financial Group Inc. bought a new position in shares of AXT in the 3rd quarter worth $52,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AXTI shares. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. B. Riley Financial boosted their target price on shares of AXT to $21.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Wedbush increased their price target on shares of AXT from $8.50 to $28.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Finally, Northland Securities set a $125.00 price target on shares of AXT in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, AXT presently has a consensus rating of “Hold” and an average target price of $43.80.

AXT Stock Performance

Shares of AXTI opened at $84.57 on Friday. AXT Inc has a 12 month low of $1.80 and a 12 month high of $143.16. The stock has a fifty day moving average price of $96.87 and a 200-day moving average price of $52.76. The firm has a market cap of $5.53 billion, a PE ratio of -272.80 and a beta of 1.80.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, research analysts forecast that AXT Inc will post 0.2 EPS for the current year.

Insider Activity

In other AXT news, Director Jesse Chen sold 13,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $95.77, for a total transaction of $1,245,010.00. Following the sale, the director owned 56,447 shares of the company’s stock, valued at approximately $5,405,929.19. The trade was a 18.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Morris S. Young sold 123,601 shares of the business’s 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 sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 251,636 shares of company stock worth $27,789,677 over the last 90 days. 5.97% of the stock is currently owned by corporate insiders.

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.