Brookstone Capital Management Buys Shares of 12,092 AXT Inc $AXTI

Brookstone Capital Management bought a new position in AXT Inc (NASDAQ:AXTI) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,092 shares of the semiconductor company’s stock, valued at approximately $689,000.

Several other hedge funds also recently modified their holdings of AXTI. CloudAlpha Capital Management Limited Hong Kong bought a new stake in AXT in the fourth quarter worth $22,738,000. Alyeska Investment Group L.P. bought a new position in AXT during the fourth quarter valued at about $20,187,000. Jane Street Group LLC lifted its position in shares of AXT by 1,314.6% in the fourth quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company’s stock worth $14,790,000 after buying an additional 840,650 shares during the last quarter. Maytree Asset Management Ltd acquired a new stake in shares of AXT in the fourth quarter worth about $11,156,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of AXT by 2,404.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 574,828 shares of the semiconductor company’s stock worth $9,398,000 after acquiring an additional 551,876 shares in the last quarter. Institutional investors and hedge funds own 49.52% of the company’s stock.

AXT Stock Performance

AXT stock opened at $70.15 on Friday. The business’s 50-day simple moving average is $97.98 and its 200-day simple moving average is $55.01. The firm has a market capitalization of $4.59 billion, a PE ratio of -226.28 and a beta of 1.80. AXT Inc has a 52 week low of $1.85 and a 52 week high of $143.16.

AXT (NASDAQ:AXTI) last announced its earnings results on Thursday, April 30th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. The firm had revenue of $26.92 million during 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. Research analysts forecast that AXT Inc will post 0.19 earnings per share for the current year.

Insider Activity

In other AXT news, Director Jesse Chen sold 6,172 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $115.24, for a total value of $711,261.28. Following the sale, the director directly owned 50,275 shares in the company, valued at $5,793,691. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David C. Chang sold 8,333 shares of the firm’s stock in a transaction 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 sale, the director owned 65,165 shares in the company, valued at $7,244,393.05. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over 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 company insiders.

Analyst Upgrades and Downgrades

AXTI has been the topic of a number of recent analyst reports. Northland Securities set a $125.00 price objective on AXT in a research note on Wednesday, June 3rd. Weiss Ratings raised AXT from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, AXT currently has an average rating of “Hold” and an average target price 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.