5,072,242 Shares in AXT Inc $AXTI Bought by BlackRock Inc.

Key Points

• BlackRock acquired 5.07 million AXT shares in the second quarter, valued at approximately $365.6 million, giving it a 7.75% stake. Institutional investors collectively own 49.52% of the company.
• Analysts maintain a generally positive outlook, with AXT carrying a consensus “Moderate Buy” rating and a $77 average price target, although targets range widely from $52 to $125.
• AXT exceeded quarterly expectations, reporting $0.19 in EPS versus a $0.07 consensus estimate and $47.59 million in revenue versus $34.08 million expected. Shares opened at $67.45, while insiders sold approximately $28.4 million of stock over the past quarter.

BlackRock Inc. bought a new position in shares of AXT Inc (NASDAQ:AXTI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,072,242 shares of the semiconductor company's stock, valued at approximately $365,607,000. BlackRock Inc. owned about 7.75% of AXT as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in AXT during the 4th quarter valued at approximately $22,738,000. Alyeska Investment Group L.P. acquired a new position in shares of AXT in the 4th quarter worth approximately $20,187,000. Assenagon Asset Management S.A. lifted its position in shares of AXT by 161.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,505,354 shares of the semiconductor company's stock worth $85,775,000 after purchasing an additional 930,526 shares during the period. Jane Street Group LLC boosted its stake in shares of AXT by 1,314.6% in the 4th quarter. Jane Street Group LLC now owns 904,599 shares of the semiconductor company's stock valued at $14,790,000 after purchasing an additional 840,650 shares during the last quarter. Finally, Ariose Capital Management Ltd bought a new stake in shares of AXT in the 1st quarter valued at $39,061,000. Institutional investors own 49.52% of the company's stock.

Analysts Set New Price Targets

AXTI has been the subject of a number of analyst reports. Northland Securities set a $125.00 target price on shares of AXT in a research note on Wednesday, June 3rd. UBS Group set a $90.00 price objective on AXT in a research report on Friday, July 31st. Zacks Research upgraded AXT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded AXT from a "sell (d-)" rating to a "sell (d+)" rating in a report on Friday, August 14th. Finally, B. Riley Financial dropped their price target on AXT from $73.00 to $52.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

Insider Buying and Selling at AXT

In other AXT news, Director David C. Chang sold 8,333 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $111.17, for a total value of $926,379.61. Following the completion of the sale, the director owned 65,165 shares of the company's stock, valued at approximately $7,244,393.05. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Leonard J. Leblanc sold 4,000 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $96.07, for a total value of $384,280.00. Following the sale, the director owned 113,129 shares of the company's stock, valued at approximately $10,868,303.03. This represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 258,136 shares of company stock valued at $28,395,372. Company insiders own 5.97% of the company's stock.

AXT Trading Up 3.1%

Shares of NASDAQ AXTI opened at $67.45 on Wednesday. The firm has a market capitalization of $4.42 billion, a P/E ratio of 3,372.50 and a beta of 1.90. The firm's 50-day moving average price is $65.81 and its 200-day moving average price is $68.66. AXT Inc has a 1-year low of $2.74 and a 1-year high of $143.16.

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

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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