Ariose Capital Management Ltd Purchases New Holdings in AXT Inc $AXTI

Ariose Capital Management Ltd purchased a new position in shares of AXT Inc (NASDAQ:AXTI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 685,524 shares of the semiconductor company’s stock, valued at approximately $39,061,000. AXT makes up 26.2% of Ariose Capital Management Ltd’s holdings, making the stock its biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in AXTI. Private Advisor Group LLC acquired a new position in AXT in the 1st quarter valued at $12,786,000. Leonteq Securities AG bought a new stake in AXT during the first quarter worth about $57,000. Patten Group Inc. acquired a new stake in AXT during the first quarter worth about $500,000. Kohmann Bosshard Financial Services LLC bought a new position in AXT in the 1st quarter valued at about $31,000. Finally, Dupree Financial Group LLC acquired a new position in shares of AXT in the 1st quarter valued at approximately $785,000. Institutional investors own 49.52% of the company’s stock.

Insider Buying and Selling at AXT

In other news, Director Jesse Chen sold 6,172 shares of the company’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 completion of the transaction, the director directly owned 50,275 shares in the company, valued at approximately $5,793,691. This represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David C. Chang sold 8,333 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $111.17, for a total value 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. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 251,636 shares of company stock worth $27,789,677 over the last quarter. Corporate insiders own 5.97% of the company’s stock.

AXT Stock Performance

AXTI stock opened at $56.62 on Friday. The stock has a market capitalization of $3.70 billion, a P/E ratio of -182.64 and a beta of 1.86. AXT Inc has a 12 month low of $1.85 and a 12 month high of $143.16. The firm has a 50-day moving average price of $96.32 and a 200-day moving average price of $56.74.

AXT (NASDAQ:AXTI) last announced its quarterly 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. The company had revenue of $26.92 million for the quarter, compared to analyst estimates of $26.22 million. AXT had a negative net margin of 14.69% and a negative return on equity of 5.71%. AXT has set its Q2 2026 guidance at 0.060-0.080 EPS. As a group, equities analysts predict that AXT Inc will post 0.19 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.