Dupree Financial Group LLC Buys Shares of 13,778 AXT Inc $AXTI

Dupree Financial Group LLC purchased a new position in shares of AXT Inc (NASDAQ:AXTI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,778 shares of the semiconductor company’s stock, valued at approximately $785,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC raised its holdings in shares of AXT by 2.8% in the 1st quarter. Acadian Asset Management LLC now owns 293,818 shares of the semiconductor company’s stock valued at $412,000 after buying an additional 8,039 shares during the period. Creative Planning purchased a new position in AXT during the 2nd quarter valued at about $86,000. XTX Topco Ltd purchased a new position in AXT during the 2nd quarter valued at about $42,000. Dimensional Fund Advisors LP acquired a new position in AXT in the 3rd quarter valued at about $145,000. Finally, Jefferies Financial Group Inc. acquired a new position in AXT in the 3rd quarter valued at about $52,000. 49.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at AXT

In related news, CEO Morris S. Young sold 123,601 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $113.33, for a total value of $14,007,701.33. Following the sale, the chief executive officer 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David C. Chang sold 8,333 shares of AXT stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $111.17, for a total transaction of $926,379.61. Following the completion of the transaction, the director owned 65,165 shares of the company’s stock, valued at $7,244,393.05. This represents a 11.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 251,636 shares of company stock valued at $27,789,677 over the last 90 days. 5.97% of the stock is owned by corporate insiders.

AXT Stock Performance

NASDAQ:AXTI opened at $70.15 on Monday. The firm has a market cap of $4.59 billion, a PE ratio of -226.28 and a beta of 1.80. The stock has a fifty day moving average price of $97.98 and a 200 day moving average price of $55.31. AXT Inc has a 12-month low of $1.85 and a 12-month high of $143.16.

AXT (NASDAQ:AXTI) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The company had revenue of $26.92 million for the quarter, compared to the consensus estimate of $26.22 million. AXT had a negative return on equity of 5.71% and a negative net margin of 14.69%.AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. Equities analysts forecast that AXT Inc will post 0.19 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.