21,456 Shares in AXT Inc $AXTI Purchased by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company acquired 21,456 AXT shares worth approximately $1.55 million, while institutional investors collectively own 49.52% of the company.
• AXT reported better-than-expected quarterly results, with $0.19 earnings per share versus the $0.07 consensus estimate and revenue of $47.59 million versus $34.08 million expected. The company guided for third-quarter 2026 EPS of $0.30–$0.32.
• Insiders sold 50,505 shares worth nearly $5.0 million over the past quarter. Despite the selling, analysts maintain a “Moderate Buy” consensus rating with an average price target of $77, compared with a recent share price of $56.20.

The Manufacturers Life Insurance Company acquired a new position in shares of AXT Inc (NASDAQ:AXTI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,456 shares of the semiconductor company's stock, valued at approximately $1,547,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Capital Advisory LLC bought a new stake in shares of AXT in the 1st quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in AXT during the 1st quarter valued at approximately $31,000. Global Retirement Partners LLC purchased a new position in AXT during the second quarter valued at $55,000. Leonteq Securities AG purchased a new position in AXT during the first quarter valued at $57,000. Finally, Tema ETFs LLC bought a new stake in AXT in the second quarter worth $105,000. Institutional investors own 49.52% of the company's stock.

Insider Buying and Selling

In other AXT news, Director Leonard Leblanc sold 4,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $96.07, for a total transaction of $384,280.00. Following the completion of the sale, the director directly owned 113,129 shares in the company, valued at approximately $10,868,303.03. The trade was a 3.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David 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 transaction, the director directly owned 65,165 shares in the company, valued at $7,244,393.05. The trade was a 11.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 50,505 shares of company stock worth $4,972,866. 5.97% of the stock is owned by insiders.

AXT Price Performance

Shares of NASDAQ:AXTI opened at $56.20 on Friday. The company has a market cap of $3.69 billion, a P/E ratio of 2,810.00 and a beta of 1.92. AXT Inc has a 1 year low of $2.91 and a 1 year high of $143.16. The stock's fifty day moving average price is $62.81 and its 200-day moving average price is $70.41.

AXT (NASDAQ:AXTI - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.12. The business had revenue of $47.59 million during the quarter, compared to analyst estimates of $34.08 million. AXT had a return on equity of 0.96% and a net margin of 3.23%.AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. On average, sell-side analysts anticipate that AXT Inc will post 0.8 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Northland Securities set a $125.00 price target on AXT in a report on Wednesday, June 3rd. Needham & Company LLC raised shares of AXT from a "hold" rating to a "buy" rating and set a $90.00 price objective on the stock in a research report on Friday, July 31st. Zacks Research upgraded shares of AXT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. B. Riley Financial decreased their target price on shares of AXT from $73.00 to $52.00 and set a "neutral" rating for the company in a report on Tuesday, July 28th. Finally, UBS Group set a $90.00 target price on shares of AXT in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $77.00.

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.

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