Assenagon Asset Management S.A. Grows Position in AXT Inc $AXTI

Assenagon Asset Management S.A. lifted its position in shares of AXT Inc (NASDAQ:AXTI) by 161.9% during the 1st quarter, HoldingsChannel reports. The firm owned 1,505,354 shares of the semiconductor company’s stock after acquiring an additional 930,526 shares during the period. Assenagon Asset Management S.A.’s holdings in AXT were worth $85,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management bought a new position in AXT in the first quarter worth $689,000. SG Americas Securities LLC purchased a new position in AXT during the first quarter valued at $108,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of AXT during the 4th quarter valued at $2,939,000. XTX Topco Ltd boosted its holdings in shares of AXT by 173.7% during the 4th quarter. XTX Topco Ltd now owns 35,201 shares of the semiconductor company’s stock valued at $576,000 after buying an additional 22,338 shares in the last quarter. Finally, SummitTX Capital L.P. purchased a new stake in shares of AXT in the 4th quarter worth about $228,000. 49.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXTI has been the subject of several research reports. Weiss Ratings upgraded shares of AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, May 27th. Northland Securities set a $125.00 price objective on shares of AXT in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.80.

Insider Activity at AXT

In other AXT news, Director David C. Chang sold 8,333 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $111.17, for a total transaction of $926,379.61. Following the completion of the sale, the director directly owned 65,165 shares in the company, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Morris S. Young sold 123,601 shares of AXT stock in a transaction dated 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 transaction, the chief executive officer directly owned 2,149,533 shares of the company’s stock, valued at $243,606,574.89. This trade represents a 5.44% 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 have sold 251,636 shares of company stock valued at $27,789,677. 5.97% of the stock is owned by insiders.

AXT Trading Down 10.2%

Shares of NASDAQ:AXTI opened at $69.93 on Thursday. The stock has a fifty day simple moving average of $97.80 and a two-hundred day simple moving average of $54.50. AXT Inc has a 12-month low of $1.85 and a 12-month high of $143.16. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of -225.58 and a beta of 1.80.

AXT (NASDAQ:AXTI) last released its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) 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 firm had revenue of $26.92 million for the quarter, compared to analysts’ expectations of $26.22 million. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, equities research analysts predict that AXT Inc will post 0.2 EPS for the current year.

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.