31,552 Shares in AXT Inc $AXTI Purchased by Man Group plc

Key Points

• Man Group plc purchased 31,552 shares of AXT, valued at approximately $2.27 million, establishing a new position during the second quarter. Institutional investors collectively own 49.52% of the semiconductor company.
• AXT reported quarterly EPS of $0.19, exceeding the $0.07 consensus estimate, while revenue of $47.59 million topped expectations of $34.08 million. The company issued third-quarter 2026 EPS guidance of $0.30 to $0.32.
• Analyst sentiment is moderately bullish, with a consensus price target of $77 and a “Moderate Buy” rating, although insiders sold 56,638 shares worth approximately $5.64 million over the last quarter.

Man Group plc bought 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 bought 31,552 shares of the semiconductor company's stock, valued at approximately $2,274,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AXTI. Acadian Asset Management LLC boosted its position 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 purchasing an additional 8,039 shares during the period. Creative Planning purchased a new position in shares of AXT in the second quarter worth approximately $86,000. XTX Topco Ltd purchased a new stake in shares of AXT in the 2nd quarter valued at approximately $42,000. Dimensional Fund Advisors LP acquired a new position in AXT in the 3rd quarter worth approximately $145,000. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of AXT in the third quarter valued at $52,000. 49.52% of the stock is owned by institutional investors.

AXT Stock Performance

NASDAQ AXTI opened at $56.11 on Wednesday. The stock has a market capitalization of $3.68 billion, a P/E ratio of 2,805.50 and a beta of 1.92. AXT Inc has a 52 week low of $2.83 and a 52 week high of $143.16. The stock has a fifty day moving average of $63.32 and a 200-day moving average of $69.95.

AXT (NASDAQ:AXTI - Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.07 by $0.12. The firm had revenue of $47.59 million for the quarter, compared to the consensus estimate of $34.08 million. AXT had a net margin of 3.23% and a return on equity of 0.96%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Equities research analysts forecast that AXT Inc will post 0.8 earnings per share for the current fiscal year.

Insider Activity

In related news, 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jesse Chen sold 6,172 shares of AXT stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $115.24, for a total transaction of $711,261.28. Following 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 position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 56,638 shares of company stock valued at $5,636,947. Company insiders own 5.97% of the company's stock.

Wall Street Analysts Forecast Growth

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

About AXT

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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