64,406 Shares in AXT Inc $AXTI Acquired by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System acquired 64,406 AXT shares worth approximately $3.67 million, giving it a 0.10% stake. Institutional investors collectively owned 49.52% of the company.
• AXT reported quarterly EPS of $0.19, beating the $0.07 consensus estimate, while revenue of $47.59 million exceeded expectations of $34.08 million. The company issued third-quarter 2026 EPS guidance of $0.30 to $0.32.
• Analysts have mixed views, with AXT carrying a consensus “Hold” rating and a $77 average price target versus a recent share price of $88.58. Company insiders sold 251,636 shares worth about $27.8 million over the last quarter.

California State Teachers Retirement System bought a new position in AXT Inc (NASDAQ:AXTI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 64,406 shares of the semiconductor company's stock, valued at approximately $3,670,000. California State Teachers Retirement System owned 0.10% of AXT at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CloudAlpha Capital Management Limited Hong Kong acquired a new stake in shares of AXT in the fourth quarter valued at $22,738,000. Maytree Asset Management Ltd bought a new stake in AXT in the fourth quarter worth about $11,156,000. Allworth Financial LP lifted its holdings in AXT by 3,764.7% in the 4th quarter. Allworth Financial LP now owns 11,594 shares of the semiconductor company's stock valued at $190,000 after acquiring an additional 11,294 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in shares of AXT during the 4th quarter valued at about $1,014,000. Finally, Rokos Capital Management LLP acquired a new position in shares of AXT in the 1st quarter worth approximately $18,842,000. 49.52% of the stock is owned by institutional investors.

AXT Price Performance

Shares of AXTI opened at $88.58 on Friday. The company has a 50-day moving average of $70.85 and a two-hundred day moving average of $63.50. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 4,429.00 and a beta of 1.90. AXT Inc has a one year low of $2.05 and a one year high of $143.16.

AXT (NASDAQ:AXTI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.12. The business had revenue of $47.59 million for the quarter, compared to analyst estimates of $34.08 million. AXT had a net margin of 3.23% and a return on equity of 1.55%. AXT has set its Q3 2026 guidance at 0.300-0.320 EPS. Analysts anticipate that AXT Inc will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on AXTI shares. Northland Securities set a $125.00 target price on shares of AXT in a report on Wednesday, June 3rd. UBS Group set a $90.00 price target on shares of AXT in a research report on Friday, July 31st. 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 report on Tuesday, July 28th. Needham & Company LLC upgraded AXT from a "hold" rating to a "buy" rating and set a $90.00 price objective for the company in a research report on Friday, July 31st. Finally, Weiss Ratings raised AXT from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, May 27th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $77.00.

Insider Activity

In related news, CEO Morris S. Young sold 123,601 shares of the company's stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $113.33, for a total transaction of $14,007,701.33. Following the transaction, the chief executive officer directly owned 2,149,533 shares of the company's stock, valued at approximately $243,606,574.89. The trade was a 5.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jesse Chen sold 13,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $95.77, for a total value of $1,245,010.00. Following the completion of the sale, the director directly owned 56,447 shares of the company's stock, valued at approximately $5,405,929.19. This represents a 18.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 251,636 shares of company stock worth $27,789,677. 5.97% of the stock is owned by corporate insiders.

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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